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PumpBTC serves as a Liquid Staking Solution for Babylon. PumpBTC aims to help BTC holders maximize yields through Babylon's staking - essentially rebuilding $WBTC/$BTCB/$FBTC with native yield.
Ansem: PUMP can be valued based on L1 logic, bullish on pump.fun becoming a super app in this cycle.
Ansem believes pump.fun is gradually becoming L1-like underlying infrastructure, allowing other token launch platforms to build on top of it, and PUMP may eventually command a valuation logic similar to that of an L1.
Ansem: PUMP Could Be Valued Like an L1, Bullish on pump.fun Becoming a Super App This Cycle
Odaily reports: Ansem posted on X that the market has not yet fully priced in pump.fun's emergence as L1-like foundational infrastructure, on which other token issuance platforms could build directly in the future; for every ~$500 million in revenue the platform generates, token creators can receive ~$500 million in creator fees after tokens complete the bonding curve phase.He believes that with the launch of features such as custom trading pairs and Callout Rewards, PUMP may gradually be valued under L1-like logic, and he is bullish on pump.fun developing into a super app in this cycle.
Bonk Guy: PONS's annualized revenue valuation is only 40% of PUMP's; Robinhood Chain is worth watching if it continues to grow
Bonk Guy stated on the X platform that PONS's current market sentiment may be at a long-term low, and compared it with PUMP: PONS's annualized revenue is approximately $156.8 million, with a market cap of about $375 million, corresponding to an annualized revenue multiple of approximately 2.39x; PUMP's annualized revenue is approximately $463.6 million, with a market cap of about $2.7 billion, corresponding to a multiple of approximately 5.82x.Bonk Guy said that PUMP is the leading Launchpad on Solana, while PONS is the leading Launchpad on Robinhood Chain; if Robinhood Chain continues to maintain market influence in the future, he believes PONS's current valuation is worth watching.
PUMP may be undervalued in the short term, while long-term value retention remains uncertain
Odaily reports: Shaunda Devens stated that PumpFun's annualized revenue is approximately $677 million, with PUMP's price-to-sales ratio at about 2.8x, lower than comparable revenue-generating tokens; based on current revenue and price, 50% of protocol revenue is used for programmatic buybacks and burning of PUMP, equivalent to repurchasing about 17.6% of the circulating supply annually, while approximately 77% of tokens already allocated to the team and investors have not yet moved. PUMP's official documents explicitly state that the token does not represent equity in PumpFun, nor does it grant holders rights to income, profits, dividends, or cash flows; PumpFun's approximately $2 billion treasury is owned by Baton Corp, and the existing buyback arrangement will expire in April 2027. Under its base-case scenario, PUMP's valuation range is $0.0108 to $0.0205, approximately 2.3 to 4.4 times higher than the September 9 price; if business activity declines and valuations continue to contract, the price could fall by 59% to 76%.
Bonk Guy: PONS Market Cap Should Be at Least $200 Million, Robinhood Listing Might Only Be a Matter of Time
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
Analysis: PONS ranks 13th in revenue over the past 30 days, with a valuation-to-revenue ratio only about one-tenth of PUMP's
According to Odaily, Blockworks Research analyst AJC stated that over the past 30 days, PONS ranked 13th in crypto market revenue, yet its FDV/Revenue multiple stands at just 0.7x—the lowest among the top 15 tokens by revenue.For comparison, CARDS, PUMP, CAKE, AAVE, HYPE, and LINK have FDV/Revenue multiples of approximately 2.8x, 7.7x, 9.6x, 45.2x, 168.5x, and 212.2x, respectively. AJC believes that PONS' current valuation relative to its revenue level is significantly lower than that of other high-revenue protocols.
Profit of $1.36 Million: PUMP Institutional Private Sale Address Sells 1 Billion PUMP
Odaily News: According to on-chain analyst Yu Jin's monitoring, the PUMP institutional private sale address (E3M...9Cs) participated in the PUMP private sale in July last year with $4 million, receiving 1 billion PUMP at a private sale price of $0.004. Five hours ago, this address transferred all PUMP to Coinbase Prime, worth $5.36 million at the time, with a price of $0.0054; by selling the private sale PUMP, it profited $1.36 million, a return rate of 34%.
Ansem: Q4 crypto market sentiment is broadly bullish, with an optimistic outlook on PUMP entering a new upward cycle.
Crypto trader Ansem posted on X stating that the overall outlook for Q4 leans bullish. A pullback and open interest (OI) liquidation may occur in October, but the market remains in an early bull phase. High-leverage positions chasing rallies carry significant risk, whereas high-conviction spot holdings hold a relative advantage. Interest rates, war risks, and a strong US Dollar Index (DXY) remain key risk factors.
Trader Doomer Continues to Place Orders to Accumulate PUMP, Still Holds About $6 Million in Stablecoins Off-Market
According to on-chain data monitoring, trader Doomer (@solanadoomer) is continuously accumulating PUMP through limit buy orders. After his last similar purchase, the price of PUMP rose by about 5%. The trader still holds approximately $6 million in stablecoins, which have not yet been deployed into the market.
Holding PUMP for Months Yields Over $936,000 in Profit, Donut AI CEO and Founder Chris Reveals Trading Path
Odaily reports: On-chain analyst Ai Yi posted on X that Donut AI CEO and founder Chris held PUMP for several months, accumulating profits exceeding $936,000. He also traded Robinhood trending tokens for 30 days, gaining over $130,000, with PONS reaching a market cap of $600 million at the time of his exit, which has since fallen back to $440 million.Chris also built a position in STONK at a low point when its market cap was $89 million. His unrealized profit is currently around $180,000, representing a return of over 170%. The token's current market cap is approximately $240 million.Chris stated that Robinhood is primarily an incremental game driven by new retail capital inflows, while Solana is a stock game of existing SOL capital rotating within the ecosystem. He is more bullish on the future development of the Solana ecosystem.
A trader who previously made $2 million from going long on PUMP has opened another $9.02 million long position.
Lookonchain monitoring shows that trader 0x60b0, who previously profited $2 million from going long on PUMP, has opened another PUMP long position within the past hour, using 10x leverage to go long on 2 billion PUMP tokens, with a position value of approximately $9.02 million.
Bonk Guy: PONS Market Cap Should Be at Least $200 Million, Robinhood Listing Might Only Be a Matter of Time
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
Pump.fun Launches Custom Pairs, Supporting 93 Quoted Assets
Pump.fun announced the launch of its Custom Pairs feature on Wednesday, allowing creators to choose tokenized stocks, wrapped Bitcoin, Ethereum, and metals as quoted assets when issuing tokens, no longer limited to SOL and USDC trading pairs. The number of supported quoted asset pairs has now reached 93, covering tokenized Nvidia, Tesla, and S&P 500, among others. Custom Pairs has been rolled out in the token creation form, with bonding curve and PumpSwap protocol fees consistent with standard issuance, of which 50% of the revenue will flow into the PUMP buyback and burn contract.
Binance will list spot trading pairs USDC/ARS, ACE/USDC, and PUMP/U.
Binance announced that it will list the USDC/ARS, ACE/USDC, and PUMP/U spot trading pairs on August 26, 2026, at 16:00 UTC+8, and will simultaneously enable algorithmic order trading bot services for these spot trading pairs.
Ansem is bullish on PUMP, calling it undervalued, and believes it could break into the top 10 crypto assets by market cap within two years
Odaily Odaily News: Ansem posted on platform X that he is starting a trading tracking campaign around PUMP, planning to hold from the current cycle bottom all the way to the market top. Ansem stated that his initial position in $PUMP was around $0.001675, and he will now update his trading progress around $0.002544, with plans to continue tracking it to historical highs and beyond. His investment thesis mainly includes: Pump.fun is one of the top three platforms in the crypto industry by revenue, holding approximately $2 billion in cash reserves. However, due to market bias against the tokenization model, its current circulating market cap is around $1 billion, corresponding to a price-to-earnings (P/E) ratio of under 2.8x.Ansem believes that as on-chain activity continues to grow, especially with the further adoption of mobile applications, Pump.fun will be a key beneficiary. If more retail users participate in new token launches through platforms like Ansem's in the future, $PUMP could see even greater growth potential. He predicts that PUMP has a chance to enter the top 10 crypto assets by market cap within the next two years.
Binance Adjusts Collateral Rates for Multiple Assets and Updates Futures Leverage & Margin Tiers
Odaily Odaily News, according to an official announcement, Binance will update the collateral rate and tiered collateral rate for Portfolio Margin and PMPro at 2026-07-24 06:00 UTC (14:00 Beijing time). The affected assets include ALGO, PUMP, WLD, JTO, TRUMP, etc. In addition, Binance Futures will adjust the leverage and margin tiers for several USDⓈ-M perpetual contracts at 06:30 UTC (14:30 Beijing time) on the same day. The contracts include C98USDT, CHRUSDT, LQTYUSDT, NILUSDT, USUALUSDT, SPELLUSDT, ONEUSDT, AEVOUSDT, CGPTUSDT, BANKUSDT, GUNUSDT, LAUSDT, OPNUSDT, KATUSDT, STARUSDT, and ZILUSDT. The announcement reminds users that changes in collateral rates may affect the Unified Maintenance Margin Ratio (uniMMR) and could lead to a risk of position liquidation.
Pump.fun will launch a new token USDC pairing feature on May 21
Odaily Planet Daily reported that Pump.fun will launch a new token USDC pairing feature on May 21, and existing SOL-based pairings will not be affected by this change. Since its launch in January 2024, it is estimated that at least 5.07 million SOL has been locked in liquidity pools, valued at $430 million.According to on-chain data, over $382 million has been allocated for PUMP buybacks, removing 37.9% of the circulating supply from the market and offsetting 13.4% of the total supply. (solanafloor)
Pump.fun Burns ~$370M Worth of PUMP Tokens and Launches Programmatic Buyback-and-Burn Mechanism
According to an official announcement by Pump.fun, the platform has completed the burning of all previously repurchased $PUMP tokens, amounting to approximately $370 million—roughly 36% of the circulating supply. The burn was executed via two on-chain transactions at 20:52 UTC. Simultaneously, Pump.fun has launched a programmable buyback-and-burn mechanism, allocating 50% of its net revenue over the next year toward publicly purchasing $PUMP on the open market and immediately burning 100% of the acquired tokens. This mechanism is enforced via an immutable smart contract covering revenue streams from Pump.fun’s three core product lines: the bonding curve, PumpSwap, and Terminal. Its execution comprises four steps: fee collection, aggregation into an intermediate wallet, buyback, and burn—all of which can be tracked in real time at fees.pump.fun. The remaining 50% of revenue will fund operational expenses and ecosystem development, including team expansion, strategic investments, and marketing initiatives. Pump.fun stated that this move aims to address community concerns regarding the token’s long-term value and the transparency of the buyback mechanism, with the overarching goal of continuously reducing the circulating supply.
Related news
Holds Over $150 Million in Positions, Machi Profits $2.14 Million Across 12 Consecutive Trades in the Past Week
Odaily reports, according to Lookonchain monitoring, Machi (@machibigbrother) has profited from PUMP trades 2 more times, achieving 12 consecutive profitable trades over the past week for a cumulative profit of $2.14 million. His current long positions include 34,100 ETH, worth $92.98 million; 456 BTC, worth $39.41 million; 174,500 HYPE, worth $15.84 million; and 425 million PUMP, worth $2.72 million.
Ansem: PUMP can be valued based on L1 logic, bullish on pump.fun becoming a super app in this cycle.
Ansem believes pump.fun is gradually becoming L1-like underlying infrastructure, allowing other token launch platforms to build on top of it, and PUMP may eventually command a valuation logic similar to that of an L1.
Ansem: PUMP Could Be Valued Like an L1, Bullish on pump.fun Becoming a Super App This Cycle
Odaily reports: Ansem posted on X that the market has not yet fully priced in pump.fun's emergence as L1-like foundational infrastructure, on which other token issuance platforms could build directly in the future; for every ~$500 million in revenue the platform generates, token creators can receive ~$500 million in creator fees after tokens complete the bonding curve phase.He believes that with the launch of features such as custom trading pairs and Callout Rewards, PUMP may gradually be valued under L1-like logic, and he is bullish on pump.fun developing into a super app in this cycle.
After more than a year, netherlol bought again, acquiring 383 million PUMP worth $2.4 million
According to Lookonchain monitoring, netherlol (BKJ4...vzz5) bought 383 million PUMP worth $2.4 million after more than a year. The newly created wallet GnZqfY (GnZq...X9qJz) withdrew 189 million PUMP worth $1.18 million from MEXC 7 hours ago.
2 traders liquidated a combined 707.6 million PUMP, worth $3.61 million
According to Lookonchain monitoring, a PUMP drop 8 hours ago led to the liquidation of 2 traders holding a combined 707.6 million PUMP, worth $3.61 million.
Profit of $1.36 Million: PUMP Institutional Private Sale Address Sells 1 Billion PUMP
Odaily News: According to on-chain analyst Yu Jin's monitoring, the PUMP institutional private sale address (E3M...9Cs) participated in the PUMP private sale in July last year with $4 million, receiving 1 billion PUMP at a private sale price of $0.004. Five hours ago, this address transferred all PUMP to Coinbase Prime, worth $5.36 million at the time, with a price of $0.0054; by selling the private sale PUMP, it profited $1.36 million, a return rate of 34%.