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Pump.fun Concludes $500M ICO in 12 Minutes — But Something Doesn’t Add Up

The Solana-based meme coin launchpad, Pump.fun, has concluded the initial coin offering (ICO) for its native cryptocurrency, PUMP. Although the platform completed the public sale in 12 minutes, there are some controversies surrounding it. Data from the Pump.fun token website shows that the launchpad raised $500 million during the sale. The platform sold 12.5% of […]

Pump.fun Token Launch Uncertain After Gate.io Abruptly Removes Pre-Market Listing

The long-speculated launch of Pump.fun’s native token is facing fresh uncertainty after crypto exchange Gate.io abruptly removed its pre-market listing for the coin. The latest development has left traders without clarity on its timeline. Gate.io Pulls Pump.fun Token Sale Page On Tuesday, Gate.io posted details for what appeared to be the first official sale of […]

PumpSwap Hits $426M Milestone, But Raydium Remains Solana’s Top DEX

Pump.fun’s decentralized exchange (DEX), PumpSwap, has achieved record-breaking numbers, with a daily volume of $426 million and 243,000 users. The Solana-based platform also collected more than $1 million in fees, including $213,000 in protocol charges on March 24, marking its best performance since its launch. Despite the success, its market share of 14.5%, as captured […]

Jupiter Joins Top DeFi Earners, Outpacing Pump.fun, PancakeSwap

Jupiter Exchange has surpassed major decentralized finance (DeFi) players, securing the second-highest daily fee ranking after stablecoin issuer Tether. Additionally, the decentralized exchange (DEX) generated $2.73 million in revenue over a 24-hour period, going above fellow Solana stalwart Pump.fun. Jupiter Usurps Pump.fun According to data from DefiLlama, the exchange has earned $10.88 million in fees […]

Cease-and-Desist Letter Issued to PumpFun Over Unauthorized Token Use

Two law firms – Burwick Law and Wolf Popper LLP – have issued a cease-and-desist letter to the Solana-based meme coin creation platform PumpFun, demanding the immediate removal of the Dogshit2 token and other related coins deployed on the Solana blockchain that utilize unlicensed intellectual property from their firms. According to the law firms, PumpFun […]

Pump.fun Faces Class Action Over Alleged Securities Law Breaches

Solana-based meme coin creation platform Pump.fun has been hit with a proposed class-action lawsuit accusing it of violating U.S. securities laws. The suit, filed on January 30, alleges that every token created through Pump.fun constitutes an unregistered security, from which the platform has profited nearly $500 million in fees. Alleged Securities Violations and Investor Losses […]