Pump.fun, a Solana-based meme coin platform, burned $370 million worth of PUMP tokens, reducing the circulating supply by 36%. The platform also committed 50% of its net revenue from core products to an irreversible smart contract that will buy back and burn PUMP tokens for the next 12 months. This new mechanism aims to create consistent deflationary pressure and stabilize the token's market after its volatile post-ICO performance. Following the burn announcement, PUMP's price rose 7% and its 24-hour trading volume surged 138% to $161 million, signaling renewed investor interest.
The Solana memecoin PUMP surged over 10% even after a large token unlock released $142 million worth of tokens to team members and investors, which could have caused selling pressure. The rally was supported by softer U.S. inflation data easing fears...
Pump.fun has released 57.279 billion PUMP tokens valued at $86.49 million from its initial lock-up, distributing them across 121 wallets. This marks the start of a three-year vesting period for team members and early investors, following the end of a...
Pump.fun completed its first major token distribution after a one-year lockup, unlocking 57.279 billion PUMP tokens valued at $86.49 million across 121 wallets. This marks the start of a three-year vesting cycle for team and investor allocations, mak...
Zcash surged 10.81% to $554.67, leading the altcoin rally thanks to recent upgrades improving its security features. Other altcoins like Lighter and Pump.fun also posted notable gains, reflecting growing interest in niche crypto projects. Meanwhile, ...
Pump.fun, a Solana-based memecoin launchpad, distributed over $19 million worth of $PUMP tokens following a major vesting cliff on July 12. Approximately 82.5 billion tokens, about 29% of the circulating supply, were unlocked, with 50 billion allocat...
