Pump.fun repurchased $350 million of its PUMP token, removing about 33% of circulating supply since July 2025, but the token still fell to an all-time low of around $0.00165, far below its ICO price. Critics argue the buyback mainly benefits insiders who hold about 50% of the token supply and can sell into buybacks, with a large token unlock scheduled in July 2026 likely to increase selling pressure. Despite Pump.fun's platform generating over $1 billion in revenue, the token's price has not recovered, raising doubts about the buyback's effectiveness and the potential for further declines if insiders sell heavily after the unlock event.
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...
