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Project Overview
Pump.fun is a memecoin launch platform that allows users to launch a coin that is instantly tradeable without having to seed liquidity.
Ansem: Buybacks Actually Don’t Do Much – Intangible Value Matters More Than Tangible Value
Odaily News Renowned trader Ansem posted on X, stating that buybacks (for token prices) actually don’t have much effect.Ansem further noted that Hyperliquid's annualized revenue is $800 million, while Pump.fun's annualized revenue is $440 million; however, HYPE's FDV is as high as $65 billion, whereas PUMP's FDV is only $1.4 billion. Both teams regularly use a portion of their business profits for buybacks, yet their P/S ratios are vastly different.This disparity doesn't stem from how much revenue the businesses actually generate, but rather reflects the market's "trust premium" for the teams — a trust determined by their actions and decisions in the market. Hyperliquid never over-promises, focuses purely on product delivery, and generously rewards core users who contribute the most to the platform based on established metrics. In contrast, Pump.fun generated $1 billion in revenue, raised another $1 billion in an ICO, and promised users an airdrop, but has yet to deliver. Despite being one of the most successful and profitable businesses in the crypto industry, they lack a social consensus bond with their core user base and thus cannot achieve the trust premium that Hyperliquid enjoys.Therefore, what determines a business's valuation includes not only the "tangible value" derived purely from revenue and other metrics but also "intangible value." Trust, memetics, and attention are all crucial in the market, yet they are currently discussed far too little.
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.
Live prediction market Pumpcade closes $5M seed round, with participation from Jump Crypto
According to official announcements, Pumpcade—a live-stream prediction market and meme coin issuance platform—has secured $5 million in seed funding. Investors include Jump Crypto and Foundation Capital. Pumpcade is a Solana-based platform for instant meme coin creation and trading, integrated into the Pump.fun chat system and enabling one-click prediction market creation during live streams. Earlier, on April 2, Pump.fun led a $1 million pre-seed round for Pumpcade.
Pump.fun’s parent company is hiring a Chief Legal Officer, with a base salary of up to $5 million
Alon, co-founder of Pump.fun, tweeted that Baton Corporation, the parent company of Pump.fun, is hiring a Chief Legal Officer with a base salary ranging from $1 million to $5 million. The role will oversee regulatory affairs, product counseling, corporate governance, cross-border compliance, and other responsibilities.
Pump.fun launches Charity Coins feature, allowing creator fees to be directed to charitable organizations
Pump.fun has partnered with Donate.gg to launch the Charity Coins feature, allowing projects to direct creator fees to charitable organizations. Users can set up to 5 charities as fee recipients on the Pump.fun app or web interface, with Donate.gg handling crypto asset processing and donation transfers.According to the introduction, this feature aims to reduce controversy, tax issues, and security risks associated with charity-themed Meme coins. It currently supports compliant donations to over 10,000 charitable organizations.
A trader holds a heavy 10x long position on $PUMP, with an unrealized profit of $246,000.
According to on-chain analysis platform Lookonchain (@lookonchain), trader address 0x3be7 opened a long position of 1.94 billion $PUMP tokens (worth approximately $6 million) with 10x leverage, currently showing an unrealized profit of $246,000, with a current liquidation price of $0.002852.
A whale offloaded 518 million PUMP tokens after holding for 10 months, taking a $580,000 loss and receiving 1.42 million SOL in return
Odaily News: According to on-chain analyst Ember's monitoring, a whale spent $2 million to purchase 518 million PUMP tokens last October, with a buy-in price of $0.00386 per token. An hour ago, the whale liquidated their entire 10-month PUMP position at $0.00274 per token, receiving SOL worth $1.42 million in return—a loss of $580,000, representing a 29% decline.
Pump.fun Team and Investor Tokens Complete Monthly Unlock, 4.94 Billion PUMP Distributed to 125 Wallets
According to on-chain analyst Ember (@EmberCN), Pump.fun team and investor tokens completed their monthly unlock 5 hours ago, unlocking a total of 4.94 billion PUMP (approximately $13.6 million) distributed to 125 wallets, averaging approximately $108,800 per wallet.
Pump.fun team and investors unlock approximately $13.6 million in PUMP monthly, distributed to 125 wallets
Odaily News: According to monitoring by On-chain Analyst, the Pump.fun team and investor tokens underwent their monthly unlock 5 hours ago, with a total of 4.94 billion PUMP unlocked and transferred out, valued at approximately $13.6 million.The PUMP unlocked this time has been distributed to 125 wallets.
ARK Invest Analyst: Crypto Industry Enters Largest Consolidation Phase in History
According to Cointelegraph, ARK Invest researcher Lorenzo Valente noted in a post on July 30 that the cryptocurrency industry is entering the largest consolidation phase in history. As investors become increasingly strict in screening projects, revenue is accelerating towards concentration among a few top protocols—Hyperliquid and Pump.fun collectively account for approximately 67% of the industry's application revenue, and with Ethena included, the combined share of the top three approaches 80%. Valente expects this trend to accelerate in the coming months, triggering more M&A, bankruptcies, and project closures. Meanwhile, BitMEX and BitMart recently announced the shutdown of trading services in succession, further confirming the consolidation trend. Valente believes that this round of consolidation is "extremely beneficial" for the long-term development of the crypto industry.
Korea Sentences Fraud Case Under the Virtual Asset User Protection Act: Mastermind of Meme Coin "Rug Pull" Gets 4 Years in Prison
: South Korea today sentenced a fraud case involving unfair trading terms under the Virtual Asset User Protection Act in its first-instance trial. The Seoul Southern District Court sentenced Park, a cryptocurrency influencer who planned a Meme coin "Rug Pull" scam, to four years in prison. Two accomplices received sentences of two years and six months, and three years in prison with five years of probation, respectively.Prosecutors stated that the defendant issued a Meme coin through Pump.fun and used social media to spread false bullish information, such as "token lock-ups," inflating the coin's price approximately 1,001 times within 26 hours. This attracted about 6,000 investors to buy in, after which the group dumped their holdings to cash out. The gang spent only about 10 million Korean won on the scheme and illegally profited around 400 million Korean won. (Edaily)
Pump.fun launches Callout Rewards, users can earn token rewards from trades generated by their referrals
Odaily News: Pump.fun has launched the Callout Rewards feature, allowing users to "Callout" (shill/recommend) tokens, and these recommendations will be broadcast to their followers. If someone trades a token as a result of that recommendation, the user will earn rewards on a daily basis. Rewards are calculated proportionally based on the user's ranking among other recommenders in the app and are distributed daily from a fixed reward pool. The program applies to all supported tokens on the Pump.fun application.
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.
Pump.fun launches social trading feature
Pump.fun has announced the rollout of a social trading feature upgrade in its App, further enhancing community interaction and the trading experience. This update includes: users can create token alerts to send notifications to all followers; support for zero-fee trading; and support for seamless cross-chain transactions using USDC.
Pump.fun Launches BOOST Mechanism, Token Graduation Rate Surges to 6.7%
According to The Block, following the launch of Pump.fun's new default launch mechanism BOOST, the platform's token graduation rate has significantly increased. Last Friday, the graduation rate reached 6.7%, approximately 8 times the average level in June; the average for the preceding four days also remained at 4.7%, higher than the 2.5% of the previous week. The BOOST mechanism targets the approximately 20% of migrated liquidity previously permanently locked in the PumpSwap pool, automatically executing market buys and burning the acquired tokens within the first five minutes after token migration, incentivizing traders to participate more actively in bidding for tokens before bonding by ensuring immediate buy pressure and supply burn. It is worth noting that BOOST only takes effect after a token completes bonding and does not directly increase the proportion of tokens reaching the bonding threshold.
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's New York Legal Director position offers an annual salary of up to $5 million
Pump.fun is hiring a Director of Legal Affairs for its New York office, with an annual salary ranging from $1 million to $5 million. The platform, which launched on the Solana blockchain in 2024, claims to process over $300 million in daily trading volume and reported a $500 million profit in 2025 with approximately 100 employees.Since 2025, Pump.fun has faced a class-action lawsuit in New York, with investors accusing its operating model of resembling a Ponzi scheme. The job posting was shared by Pump.fun founder Alon on X and has garnered over 1 million views. Bitcoin has fallen approximately 50% since October. Pump.fun previously suspended its livestreaming feature after users combined it with disturbing behavior to promote tokens, later resuming it with stricter moderation rules. (Bitcoin.com News).
Related news
Crypto KOL Ansem Bullish on Blue-Chip Crypto Portfolio, Expects 3x to 5x Returns Over Next Two Years
Crypto KOL Ansem (@blknoiz06) recommended that investors allocate an equal-weight portfolio across $BTC, $ETH, $SOL, $HYPE, and $PUMP, forecasting the overall position could gain 3-5x over the next two years. Ansem specifically highlighted that $HYPE and $PUMP carry the highest risk-reward ratios. Additionally, Ansem added in the comments that $ZEC is also worth monitoring.
A trader holds a heavy 10x long position on $PUMP, with an unrealized profit of $246,000.
According to on-chain analysis platform Lookonchain (@lookonchain), trader address 0x3be7 opened a long position of 1.94 billion $PUMP tokens (worth approximately $6 million) with 10x leverage, currently showing an unrealized profit of $246,000, with a current liquidation price of $0.002852.
Pump.fun Parent Company Baton Corporation Recruiting Marketing Team
Pump.fun 联合创始人 alon（@a1lon9）在 X 平台发文，Baton Corporation 正面向加密社区招募两个营销岗位：X 平台社交媒体经理及视频编辑，目标是打造顶级内容团队，以推动 Pump.fun 实现下一个亿级用户增长。 alon 表示，公司市场及业务拓展团队的大多数成员均来自社区用户，认为"战壕中的人才无可匹敌"。目前招聘申请链接已公开，感兴趣者可通过官方表单投递。
A whale offloaded 518 million PUMP tokens after holding for 10 months, taking a $580,000 loss and receiving 1.42 million SOL in return
Odaily News: According to on-chain analyst Ember's monitoring, a whale spent $2 million to purchase 518 million PUMP tokens last October, with a buy-in price of $0.00386 per token. An hour ago, the whale liquidated their entire 10-month PUMP position at $0.00274 per token, receiving SOL worth $1.42 million in return—a loss of $580,000, representing a 29% decline.
Pump.fun launches zero-fee trading
Odaily News: Pump.fun announced on X that token trading fees on the Solana blockchain have been reduced to 0%, while cross-chain transaction fees are set at 0.1%. These rates currently apply exclusively to the Pump.fun App.
Or fueled by CZ's "spark," Four.Meme's token launches surged to 1,648 on August 16
Odaily News, according to Dune data, Four.Meme saw 1,648 token launches on August 16, an increase of 918 from the previous day's 730, up approximately 126%; during the same period, Pump.fun's token launches decreased from 33,655 to 31,945, a drop of 1,710; while Flap's token launches rose from 28,801 to 29,417, an increase of 616.The significant growth in Four.Meme's launches may be driven by CZ-related activity. Previously, after CZ's wallet address burned 4,444 Meme coins MarsCoin, the token surged over 460 times intraday before quickly pulling back, with its market cap declining from the peak to approximately $7 million, and it is currently reported at around $3.44 million.