Pump.fun, a Solana-based memecoin launchpad, reportedly laid off over 40 employees in two rounds timed just before their $PUMP token grants vested, potentially denying them payouts worth up to seven figures. The layoffs occurred in April and July 2026, shortly before the token vesting dates set in June 2025. This move raises concerns about the fairness of token-based compensation and may attract regulatory scrutiny, especially given Pump.fun's past compliance issues and the significant drop in $PUMP token value since its peak. The incident highlights risks in crypto compensation models and governance within successful projects.
Pump.fun's price rally was supported by Jupiter accumulating 1.6 billion PUMP tokens worth $5 million and strong protocol-funded buybacks fueled by rising revenue. Jupiter's wallet became the 35th largest holder, steadily buying and reducing tokens a...
Ethena (ENA) surged 27.3% to $0.1211, leading the market gainers as decentralized finance (DeFi) platforms gain traction. The rise highlights growing investor interest in innovative DeFi projects offering synthetic assets. Other notable movers includ...
A trader opened a $6 million 10x leveraged long position on Pump.fun (PUMP), signaling strong bullish confidence as the token rose 8.51% in 24 hours to around $0.003017. The position’s liquidation price is set at $0.002852, making this level critical...
The crypto market gained momentum with total capitalization rising to about $2.2 trillion, driven by strong ETF inflows and positive investor sentiment. Bitcoin remains above $64,000 supported by nearly $486 million in weekly ETF inflows, while Ether...
Bitway (BTW) surged 23.9% to $0.4497, driven by recent protocol upgrades that improve scalability and user experience, boosting its market cap to $1.22 billion. Meanwhile, Worldcoin (WLD) fell 7.8% to $0.3175 due to regulatory scrutiny fears, highlig...
