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Project Overview
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.
A whale deposited 742.3 million PUMP tokens, worth $1.59 million, into Binance after 5 months
according to Onchain Lens monitoring, a whale deposited 742.3 million PUMP tokens, worth $1.59 million, into Binance after 5 months; the wallet still holds 3.48 billion PUMP tokens, valued at $7.36 million.
A whale has gone long on altcoins including NEAR, STRK, XMR, TON, with total position value exceeding $16 million<odaiy-translate-split><p>Odaily Planet Daily News According to Lookonchain monitoring, a whale has taken long positions on several popular al
据 Lookonchain 监测，某巨鲸做多多个热门山寨币，包括 NEAR、STRK、XMR、TON、AZTEC、PUMP。当前持仓包括：308 万枚 NEAR（483 万美元）、7555 万枚 STRK（430 万美元）、9561 枚 XMR（380 万美元）、128 万枚 TON（333 万美元）、1486 万枚 AZTEC（35.7 万美元）、7199 万枚 PUMP（14.7 万美元）。
Castle Labs: The crypto market is shifting from “gambling” to “investment”; revenue generation and value returns will become the core competitiveness of tokens.
Castle Labs (@castle_labs) published a post stating that the current crypto market is undergoing a profound paradigm shift—speculative models prioritizing extraction are gradually giving way to investment logic oriented toward revenue generation. The article notes that since 2026, the broader crypto market has performed poorly: most assets have seen sustained price declines, ETF funds have continued flowing out, project shutdowns have intensified, and institutional VC investments have grown increasingly conservative. The key catalysts for this shift were last October’s large-scale liquidation event and the ongoing market reflection triggered by gold consistently outperforming Bitcoin. On the revenue data front, among the roughly 5,700 protocols tracked by DeFiLlama, only 3.5% generated over $100,000 in revenue over the past 30 days—and fewer than 1% actually distributed earnings to token holders. The article focuses on top revenue-generating protocols—including Hyperliquid (HYPE), Pumpdotfun (PUMP), Tron (TRON), Sky (SKY), Jupiter (JUP), Aave (AAVE), and Aerodrome (AERO)—analyzing their price-to-sales ratios (P/S) and token holder return metrics. It argues that protocol revenue—and its capacity to feed value back to token holders—is becoming the core metric investors use to evaluate and select projects. Regarding institutionalization trends, traditional financial giants—including NYSE, Robinhood, BlackRock, and Franklin Templeton—
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.
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Pump.fun’s activity plummeted 80% over three months, causing a sharp decline in Solana network fees
According to The Block, Pump.fun—the leading Solana-based memecoin launchpad—has seen its activity deteriorate continuously: the seven-day average token graduation rate has fallen to 0.26%, down approximately 80% from three months ago; the platform’s daily revenue in June stood at roughly $800,000—plummeting over 83% from its peak of $4.8 million six months ago, and declining 25% month-on-month. Dragged down by this trend, Solana’s daily fee revenue in June averaged only about 5,300 SOL, far below the 33,000 SOL recorded in January. Analysts note that substantial capital previously active in Solana’s memecoin sector has migrated to perpetual futures trading on platforms such as Hyperliquid, while the PUMP token has declined 40% cumulatively over the past six months.
Data: Pump.fun Activity Drops 80% in Three Months
Pump.fun, the once-dominant Memecoin launch platform on Solana, continues to see deteriorating activity, with token graduation rates, platform revenue, and Solana network fees all experiencing significant declines in recent months.Data shows that Pump.fun's seven-day average token graduation rate fell to 0.26% last week, a drop of 80% over the past three months. Meanwhile, the platform's average daily revenue since June stands at approximately $800,000, far below the average daily level of around $4.8 million seen six months ago.Entering June, Pump.fun's revenue decreased by 25% month-over-month, while the token graduation rate fell by 53% month-over-month. This discrepancy suggests that the platform may still be generating some dollar-denominated revenue through auxiliary income streams like PumpSwap AMM trading fees and sponsored listings, but its core function—the ability to propel newly issued tokens to higher market capitalization stages—has significantly weakened.The decline of Pump.fun is also reflected in the price of the PUMP token, which has fallen approximately 40% over the past six months. At the same time, trader interest is shifting from launching Memecoins on the Solana chain to other trading scenarios like perpetual contracts, further suppressing Solana network fees.
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)
A whale deposited 742.3 million PUMP tokens, worth $1.59 million, into Binance after 5 months
according to Onchain Lens monitoring, a whale deposited 742.3 million PUMP tokens, worth $1.59 million, into Binance after 5 months; the wallet still holds 3.48 billion PUMP tokens, valued at $7.36 million.
A whale has gone long on altcoins including NEAR, STRK, XMR, TON, with total position value exceeding $16 million<odaiy-translate-split><p>Odaily Planet Daily News According to Lookonchain monitoring, a whale has taken long positions on several popular al
据 Lookonchain 监测，某巨鲸做多多个热门山寨币，包括 NEAR、STRK、XMR、TON、AZTEC、PUMP。当前持仓包括：308 万枚 NEAR（483 万美元）、7555 万枚 STRK（430 万美元）、9561 枚 XMR（380 万美元）、128 万枚 TON（333 万美元）、1486 万枚 AZTEC（35.7 万美元）、7199 万枚 PUMP（14.7 万美元）。
The cryptocurrency market continues to pull back, with BTC falling to $76,000, while only the AI and GameFi sectors remain relatively resilient
According to SoSoValue data, the cryptocurrency market continues to correct, with Bitcoin (BTC) dropping 0.66% to above $77,000, and Ethereum (ETH) declining 0.24% to below $2,300. The AI sector performed notably, rising 0.96% in 24 hours, with Bittensor (TAO) up 4.20%, Unibase (UB) up 18.84%, and SkyAI (SKYAI) up 35.11%. Additionally, the GameFi sector gained 0.40%, with Axie Infinity (AXS) and GALA rising 2.64% and 2.45% respectively.In other sectors, the Layer 2 sector fell 0.06% in 24 hours, but Celestia (TIA) rose 4.05%; the CeFi sector declined 0.44%, with Aster (ASTER) gaining 2.55%; the Layer 1 sector dropped 0.88%, while Humanity (H) surged 26.66% intraday; the Meme sector fell 1.17%, with Pump.fun (PUMP) bucking the trend to rise 6.66%; the PayFi sector decreased 1.21%, with Safe (SAFE) remaining relatively firm, up 1.75%; and the DeFi sector fell 1.48%, with Block Street (BSB) rising sharply by 18.11%.Crypto sector indices reflecting historical sector performance show the ssiGameFi index rising 0.52%, while the ssiMeme and ssiNFT indices fell 2.38% and 2.34% respectively.