The memecoin launchpad wars have a new (old) leader. Pump.fun has retaken the top position in 24-hour protocol revenue, surpassing Pons, the newer competitor that had briefly and dramatically seized that crown earlier this year.
As of early September 2026, Pump.fun posted roughly $1.23 million in fees within a single 24-hour window, enough to edge out a platform that, just weeks prior, had been lapping it on daily numbers.
How Pons got this far, this fast Pons launched on July 13, 2026, which means it took less than two months to become a credible threat to a platform that had a two-and-a-half-year head start.
Advertisement
The secret ingredient: Robinhood Chain. Pons operates on Robinhood’s layer-2 network, which keeps gas costs close to negligible for users executing trades.
The creator incentive structure amplified that dynamic further. Pons offered token creators 70% of a 1% trading fee on every transaction involving their token. At its peak, Pons was clocking daily fee figures that sometimes exceeded $4 million, comfortably outpacing Pump.fun during that stretch.
Why Pump.fun is still standing Pump.fun has one thing Pons cannot manufacture quickly: history. Since its launch in January 2024, the platform has accumulated over $1.2 billion in cumulative revenue.
The platform’s core mechanics remain intact. Pump.fun still uses a bonding-curve model for token launches, meaning token prices rise along a predetermined mathematical curve as more people buy in. When a token graduates from that curve and hits a certain market cap threshold, liquidity moves to PumpSwap, the platform’s integrated decentralized exchange.
Pump.fun also runs a buyback-and-burn program for its PUMP token, using a portion of protocol revenue to purchase tokens from the open market and remove them from circulation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PUMP, Solana ekosisteminin en önemli projelerinden biri olan Pump.fun platformunun tokenı olarak öne çıkıyor. Pump.fun özellikle memecoin üretimini oldukça kolaylaştırmasıyla kripto piyasasında ciddi bir kullanıcı kitlesine ulaşmış durumda. Platform üzerinde her gün çok yüksek sayıda token oluşturulması, PUMP’ın arkasındaki ekosistemin en önemli güçlerinden biri olarak karşımıza çıkıyor.
PUMP’ın en büyük avantajlarından biri, sadece bir memecoin olarak değil, doğrudan gelir üreten bir platformun ekosistem tokenı olarak konumlanması. Pump.fun üzerinden gerçekleşen işlemler platforma gelir sağlarken, bu durum PUMP tarafında da güçlü bir kullanım alanı oluşturuyor. Memecoin piyasasına olan ilginin devam etmesi, platformun büyümesi açısından önemli bir katalizör olabilir.
İlginizi Çekebilir: Bitcoin’de Dengeleri Değiştirecek İki Faktör!
Teknik olarak görünüm:
PUMP/USDT paritesi günlük grafiği. Güzel bir yükseliş gösteren PUMP, son hareketiyle birlikte parabolik bir görünüm oluşturdu. Bu parabolik yükseliş sırasında arkasında oldukça fazla likidite bıraktı. Günlük grafikte şu an bir flama formasyonu oluşmuş durumda. Ancak burada yalnızca flamanın kırılımını takip etmek yeterli olmayacaktır. Flama kırıldıktan sonra yatay direnç bölgesi olan 0.004720$ seviyesinin de üzerine atması ve bu bölgeyi kazanması gerekmektedir. Eğer flama kırılımının ardından yatay direnci de geçmeyi başarırsa yükselişin devamını görebiliriz.İlk destek bölgesi 0.003375$ olarak karşımıza çıkıyor. PUMP bu bölgeye kadar bir geri çekilme gerçekleştirirse, ilk tepki almasını bekleyeceğimiz alan burası olacaktır.
Ancak bu bölgenin kaybedilmesi halinde 0.002640$ seviyesine kadar daha derin bir geri çekilme yaşanabilir. Burada önemli olan hangi destek bölgesinin test edileceğini tahmin etmekten ziyade, fiyatın hangi bölgeye geldikten sonra nasıl bir tepki vereceğini takip etmek olacaktır.Çünkü PUMP son dönemde oldukça güçlü bir yükseliş gerçekleştirdi ve bu hareket sırasında arkasında ciddi miktarda açık likidite bıraktı. Bu nedenle olası geri çekilmelerde destek bölgelerinden gelecek tepkilerin ardından kırılım görmemiz önemli olacak. Hangi destek bölgesinden tepki aldığı fark etmeksizin, tepki sonrasında direnç kırılımı gelmesi yükselişin devamı açısından en önemli sinyal olacaktır.
Son Dakika kripto para haberleri için hemen tıkla
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Sources: An explosion has occurred in Saudi Arabia's Jizan region.
According to Iranian media outlet Fars News, Arab sources said an explosion occurred in the Jizan region of Saudi Arabia.
24 minutes ago
Iran and the United States are exchanging views on negotiation plans and terms via mediators.
According to Saudi media outlet Al-Hadath, Iran and the United States are exchanging views on negotiation plans and terms via intermediaries. Iran has proposed new conditions to the U.S. for resuming talks, and stated that there is no need to withdraw from the memorandum of understanding (MoU) with the U.S.
24 minutes ago
Intel's gains widened to 10%
According to market data from BIT (bit.com), Intel (INTC.O) extended its gain to 10%.
24 minutes ago
The "Big Short" Michael Burry’s latest portfolio adjustment: Lululemon has become his largest holding, with short positions accounting for over 21%.
Michael Burry, the real-life inspiration for *The Big Short*, disclosed his latest portfolio adjustments via his Substack account today, stating that his largest long position is Lululemon, accounting for 17.4% of his portfolio, followed by MercadoLibre at 12%. The second tier includes Molina Healthcare and Temple & Webster, each making up 9%. Additionally, Burry holds long positions in Adobe, Zoetis, JD.com, HCA Healthcare, Flutter, Fannie Mae, Freddie Mac, Sprouts, PayPal, Veeva, Birkenstock, Build-A-Bear, and NVIDIA, with NVIDIA also used as a hedge. On the short side, Burry’s current short positions, ordered by size from largest to smallest, are iShares Semiconductor ETF, Micron, Nebius, CoreWeave, Oracle, Palantir, NVIDIA, Caterpillar, and Invesco QQQ Trust. Among these, his Invesco QQQ put option positions account for roughly 6% of his portfolio. Overall, his short positions make up over 21% of his portfolio, a figure that does not include put option positions, indicating he remains betting on valuation pressure for certain tech and AI-related assets. Furthermore, Burry has fully closed out his short positions in Tesla and Applied Materials, exiting both trades at a profit; he also sold all his SOXX put options and converted those positions into larger QQQ put options. Following the latest adjustments, Lululemon rose to his largest position after an increase, while his overall portfolio remains sharply split: bullish on select consumer and healthcare stocks, and bearish on certain tech and AI assets.
24 minutes ago
US Treasury Secretary: US Treasury bond repurchases aim to calm market "frenzy"
U.S. Treasury Secretary Scott Bessent said last month’s expansion of the U.S. Treasury’s repurchase program was aimed at calming the "frenzy" building in the bond market and pushing prices back to equilibrium. Bessent noted that while he cannot alter the market’s equilibrium price, he hopes to curb excessive speculation. He added that if investors were truly concerned about U.S. debt credit, they would sell U.S. Treasuries and buy German bunds, though current market behavior does not reflect such concerns. Bessent denied that the Treasury’s repurchase of Treasuries is equivalent to the Federal Reserve’s quantitative easing, explaining the measure is more similar to the Fed’s past "Operation Twist". The program’s expansion comes against the backdrop of the U.S. 30-year Treasury yield hitting its highest level since 2007.
24 minutes ago
Strategy has launched Bitcoin-themed Air Jordan 1 sneakers, priced at $250.
Strategy has launched a Bitcoin-themed Air Jordan 1 sneaker priced at $250, but its official website only supports bank cards and Apple Pay at checkout, not Bitcoin payments. Air Jordan is a high-end sports and lifestyle brand under Nike, founded in 1984 and named after NBA legend Michael Jordan, specializing in basketball shoes and sportswear. Previous reports noted that Strategy did not increase its Bitcoin holdings last week. As of September 7, 2026, Strategy holds 845,050 BTC.
A meme coin called BIPOLAR goes on sale on Tuesday at 5 PM UTC. It does not exist yet, so nobody can buy or check it. However, TikTok videos are already going viral, and a trading account has posted the exact minute.
How a Coin Like This Gets MadeBIPOLAR will be made on Pump.fun, a Solana-based launchpad where anyone can create a coin in a minute. No company, no product, no paperwork.
Each coin gets a long code, the only proof of which is real. Fakes copy the name within seconds, so nothing can be checked until Tuesday.
Announcing the exact minute sounds fair, but it is not. The coin is made by one computer instruction, and programs buy it in that same instant, while people cannot.
One free tool says so plainly.
“An open-source bundler for Pump.fun. Allows you to create a token and bundle it with 25 buys,” the team wrote on GitHub.
So the coin’s maker can buy a pile of it in the same breath. The tool promises “maximum protection against front-running, MEV and snipers.” This means protection for the maker, not the buyer.
Stock markets have rules for this. FINRA, the US brokerage watchdog, bans brokers from buying ahead of their customers. Pump.fun has none.
The price comes from a formula, not traders, and each purchase makes the next one more attractive. The first buyer pays the least. The TikTok audience arrives later and pays more.
Most of These Coins Are Dead Within a DayIn June, CoinGecko studied 18.67 million Pump.fun coins. Nearly 70% of all Pump.fun tokens were traded only on their first day. Never again.
The Average Lifespan of Pump.fun Memecoins Is Less Than a Day. Source: CoingeckoThe website is paid either way. Pump.fun and the maker together take just over a cent of every dollar traded. The investment firm Galaxy Research says these markets pay the machinery’s owners, not the people placing bets.
On Tuesday, some traders could ignore the price and instead focus on counting how much of the coin the first few wallets hold. If a handful own most, everyone else is buying their exit.
A crypto whale withdrew 824,350 HYPE tokens from Coinbase, valued at approximately $67.52 million.
According to monitoring by OnchainLens, a HYPE whale has withdrawn a total of 824,350 HYPE tokens from Coinbase over the past 17 hours, equivalent to roughly $67.52 million. The wallet has now cumulatively withdrawn around 865,840 HYPE tokens from Coinbase, with a total value of approximately $70.64 million.
3 minutes ago
Hyperliquid officially announces HIP-3*: opens the door for compliant institutional-grade participants, offering an optional whitelist mechanism.
Hyperliquid has issued an API announcement stating that it will introduce an optional deployer configuration feature for HIP-3 in an upcoming network upgrade, collectively named HIP-3*. The core functionality allows deployers or their sub-deployers to manage on-chain whitelists and set access permissions for specific markets, enabling the creation of "permissioned markets". This feature is strictly an incremental addition to HIP-3, fully optional, with deployers deciding independently whether to adopt it—no impact on existing markets. The initial version of HIP-3* is now live on testnet; the testnet is a preliminary build and will be adjusted based on community feedback. Hyperliquid emphasized that it remains a neutral infrastructure layer, with the goal of supporting large-scale deployment of financial systems. HIP-3* is designed to provide deployers with additional functionality to operate their deployments while complying with their respective applicable regulatory requirements. Consistent with HIP-3, HIP-3* deployers are independent operators that use Hyperliquid as the on-chain infrastructure layer for their own markets, retaining full control and responsibility over their deployments. This design allows Hyperliquid to maintain its permissionless core while opening access to institutional participants that require a compliance framework.
3 minutes ago
PONS: Cumulative trading volume surpasses $5 billion, with $400 million in trading volume logged over the past 24 hours.
Robinhood’s chain token launch platform PONS announced that its cumulative trading volume has surpassed $5 billion, with trading activity on the platform continuing to grow. The platform recorded a 24-hour trading volume of $400 million, and over 63% of the total trading volume on the Robinhood Chain Launchpad during the same period was executed via PONS. Per GMGN market data, PONS’s market capitalization has exceeded $550 million, hitting a new all-time high, with an 83% 24-hour price increase and a 24-hour trading volume of $81.7 million.
3 minutes ago
Former NBA star Omri Casspi has closed the $250 million fundraising for his third fund, Swish Ventures, bringing the firm’s total assets under management (AUM) to approximately $800 million.
Omri Casspi, the first Israeli player to play in the NBA, has raised $250 million for the third fund of his venture capital firm Swish Ventures, bringing its total assets under management to approximately $800 million. The new fund plans to invest in around 12 startups, with an average deal size of roughly $20 million, focusing primarily on four sectors: cybersecurity, artificial intelligence, defense, and infrastructure. It targets seed and Series A stages, and can either co-lead rounds with other funds or participate as an investor in financing rounds. The firm also operates an opportunity fund to continue adding to its existing portfolio companies in later growth stages. Swish Ventures has become an active player in Israel’s venture capital ecosystem, with a portfolio spanning multiple cybersecurity and deep tech sectors. Casspi gradually transitioned to a tech investor after retiring from professional basketball.
3 minutes ago
BUN hits an all-time high market capitalization of over $28 million just 19 hours after its launch, with trading volume reaching $10.2 million.
According to GMGN data, the market capitalization of Meme token Bundle Cat (BUN) on Robinhood Chain has surged past $28 million, hitting an all-time high. In its first 19 hours of trading, BUN recorded a trading volume of $10.2 million. Bundle Cat (BUN) is the mascot of Mosh, Robinhood Chain’s not-yet-fully-launched experimental token issuance framework, and marks its first test run. Mosh is a protocol layered on top of the Robinhood Chain launch platform, promoting a fair launch narrative centered on "community lockups + AI market making". Note: This token is not equivalent to a finalized governance token; its official endorsement remains to be seen, and investors should exercise caution. BlockBeats reminds users that Meme tokens often have no real use cases, exhibit high price volatility, and require careful investment consideration.
3 minutes ago
China's 'Four Little Dragons of Domestic GPUs' Suyuan Technology IPO Subscription Lottery Results Released
Lottery results for new share subscriptions of Shanghai Suiyuan Technology, one of China's "Big Four Domestic GPU Players", have been released. A total of 20,657 winning numbers are available, with the following trailing digits for winning codes: 4 trailing digits: 5108, 0108 5 trailing digits: 27023, 52023, 77023, 02023 6 trailing digits: 175122, 375122, 575122, 775122, 975122 7 trailing digits: 4119570, 6119570, 8119570, 2119570, 0119570 8 trailing digits: 44829621 Before the clawback mechanism was activated for this offering, the initial offline issuance volume stood at 27.542639 million shares, accounting for approximately 80.00% of the total issuance after deducting initial strategic placements. The initial online issuance volume was 6.8855 million shares, making up roughly 20.00% of the adjusted issuance base.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Southbound funds have concentrated their buying on domestic large language model stocks for two consecutive months: snapping up large volumes of Zhipu in July and buying up MiniMax in August.
Beating AI News Brief: Southbound funds have made domestic large language model (LLM) companies the top Hong Kong-listed stocks purchased by them for two consecutive months. In July, Zhipu AI was the most bought Hong Kong stock by southbound funds, with buying volume exceeding that of Alibaba and Tencent. In August, the top spot shifted to MiniMax, with monthly purchases totaling HK$10.6 billion, also outstripping Alibaba and Tencent. MiniMax attracted capital even faster after its Hong Kong Stock Connect debut. It only officially joined the program on August 6, so mainland investors could not access it via this channel before that. On its first trading day, southbound funds net bought HK$2.697 billion; on the second day, they added HK$2.226 billion, bringing the two-day total to over HK$4.9 billion. In less than a month, southbound funds’ shareholding in MiniMax surged to 9.7%. Zhipu AI was added to the Stock Connect earlier, joining on June 8. It saw HK$920 million in net southbound buying on its first day, followed by net purchases of HK$13.7 billion across five consecutive trading days in July’s first week, plus another HK$10.6 billion the next week. Currently, southbound funds hold around 11% of Zhipu AI’s shares, a larger stake than in MiniMax. Both companies remain in a phase of high growth and heavy losses. MiniMax reported first-half revenue of US$116.6 million, up 283% year-over-year, but posted a net loss of US$358 million. Zhipu AI generated RMB 954 million in revenue over the same period, up roughly 400% year-over-year, with a net loss of approximately RMB 2 billion.
2 minutes ago
ByteDance raises option prices by approximately 5%.
ByteDance has issued a notice adjusting its employee stock option price: for active employees, the price has been raised from $229.5 per share to $241.35 per share, a roughly 5.1% increase. This marks the second time ByteDance has adjusted its option price since 2026. The last such adjustment was in April this year, when the price for active staff was lifted from $200.41 per share to $229.5 per share.
2 minutes ago
Ilya warns: The next AI could go rogue by seizing GPU cloud resources to replicate itself endlessly.
Beating AI News Flash: OpenAI’s former chief scientist Ilya Sutskever warns that neocloud, a platform renting AI GPU computing power, has inadequate security protections. He argues that the next time an AI agent truly goes rogue, it could directly breach such platforms and use stolen computing power to run more of its own copies. Sutskever is calling on neocloud to significantly strengthen its cybersecurity, while AI firms with robust cybersecurity models should also offer assistance. This risk depends on two conditions: the agent can break through its original controls, and the cloud platform itself has vulnerabilities. Both conditions have emerged recently. Last week, OpenAI acknowledged that during an internal cybersecurity assessment, an agent bypassed isolation and infiltrated parts of the Hugging Face system. SemiAnalysis subsequently published its security test on neocloud. Researchers found that some platforms can access data from other tenants, and even escape their own containers or virtual machines to attack other tenants. In the most severe case, the vulnerability could escalate to cross-tenant remote code execution. The relevant issues have been notified to the vendor, and have either been patched or confirmed for upgrade.
2 minutes ago
Uniswap recorded over 7 million trades yesterday, hitting a new all-time high.
According to Blockworks data, Uniswap has just logged its two highest-ever trading days for transaction count. Yesterday alone, Uniswap processed over 7 million transactions.
2 minutes ago
Sources: South Korea's Foreign Exchange Stabilization Fund has purchased approximately $20 billion in funds.
Sources indicate that the Korea Exchange Stabilization Fund has acquired roughly $20 billion in funds repatriated by SK Hynix following its ADR listing.
2 minutes ago
A trader’s unrealized profit from a single Meme coin AI trade tops $8.1 million, delivering a 382x return.
According to Lookonchain’s monitoring, over the past two months, trader @DumbCrayonEater spent a total of $21,200 to buy 29.32 million units of the meme coin AI on Robinhood Chain. The holding is now valued at around $8.13 million, making it the largest holder of the AI token. Currently, the unrealized profit on its AI token holdings stands at $8.11 million, representing a staggering 382x return.
Pump.fun and its cofounders will have to defend against purchaser accusations that they orchestrated a memecoin launch scheme with hierarchical advantages for insiders.
Two of the three purchaser-plaintiffs adequately alleged Racketeer Influenced and Corrupt Organizations Act and RICO conspiracy claims against Pump.fun and the three executives, Judge Colleen McMahon said Monday.
They sufficiently pleaded wire-fraud and unlicensed-money-transmission predicates for racketeering activity, the US District Court for the Southern District of New York judge said, sparing some proposed class claims from dismissal. And they tied these pleaded predicate offenses to alleged injuries, namely that the purchasers had to pay transaction fees ...
Learn more about Bloomberg Law or Log In to keep reading: See Breaking News in Context Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber? Log in to keep reading or access research tools and resources.
Pump.fun, the Solana-based memecoin launchpad that has become synonymous with the chain’s degen culture, just rolled out native limit order functionality in its mobile app. Users can now set take-profit and stop-loss levels directly within the platform, automating their exits on token trades without needing to rely on external bots or manual babysitting of positions.
What the update actually does The new feature lets Pump.fun users define specific price levels at which they want to automatically sell their token positions. Set a take-profit order, and the app sells when a token hits your target price on the upside. Set a stop-loss, and it sells when the price drops to your chosen floor.
Previously, anyone who wanted this kind of automated execution on Pump.fun tokens had to use third-party Solana trading bots, tools like BonkBot or Trojan that plug into Telegram or operate as standalone services. Those bots work, but they introduce additional counterparty risk, require sharing wallet access, and often charge premium fees. Native integration removes all of that friction.
Advertisement
The update doesn’t change anything about Pump.fun’s underlying mechanics. The bonding curve model that governs how tokens are priced during their initial launch phase and the PumpSwap automated market maker remain untouched. This is purely an app-level enhancement, a better interface for the same trading infrastructure.
Pump.fun’s trajectory in numbers Pump.fun launched in January 2024 and quickly became the dominant launchpad for memecoin creation on Solana. The platform’s daily trading activity has scaled dramatically, growing from roughly $250K per day around its launch period to approximately $50M in daily volume by late August 2026. That same period saw around 905K daily transactions flowing through the app.
Co-founders Alon Cohen, Dylan Kerler, and Noah Tweedale have steadily expanded the platform’s capabilities over its lifespan. In March 2026, the team locked a creator-fee redirection to a one-time change as part of broader platform updates, a move designed to prevent repeated fee manipulation by token creators.
Why limit orders matter for memecoin trading The memecoin market operates on a different clock than the rest of crypto. Tokens can launch, pump 1,000%, and crash back to near-zero within hours. In that environment, the difference between a profitable trade and a total loss often comes down to whether you were staring at your screen at the right moment.
Limit orders change that dynamic. A trader who buys a newly launched token can immediately set a take-profit at, say, 3x their entry price and a stop-loss at 50% below it. If the token moons while they’re asleep, they lock in gains. If it crashes, they limit the damage. Neither outcome requires them to be actively watching.
This is table stakes functionality on centralized exchanges like Binance or Coinbase. But in the decentralized trading world, particularly for long-tail tokens that only exist on DEX infrastructure, it has historically been much harder to access. Pump.fun bringing it natively into the app closes a gap that has cost plenty of traders money.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Is Pump.fun [PUMP] pulling ahead of Hyperliquid [HYPE]? Well, its revenue looks set to beat the latter’s for the month and its token has also outperformed by a wide margin.
What’s next?
A 15-month streak is set to break! Hyperliquid has led monthly revenue over Pump.fun ever since April 2025. That streak is now about to end.
At the time of writing, Pump.fun led with $55.9M in revenue, against Hyperliquid’s $49.6M.
Source: X There have been ups and downs for both platforms over the past year. Pump.fun peaked near $150M a month while Hyperliquid built a steadier lead.
This will be Pump.fun’s first monthly win over Hyperliquid in well over a year.
PUMP slams through HYPE Over August, PUMP went up about 105%, while HYPE gained by about 49%.
Pump.fun sat basically flat for the first week, then broke out hard during the spike of the 19th before slowing down. On the other hand, HYPE has been steadier in its hike the whole way through.
Source: TradingView Seems like the market priced PUMP’s surge in, well before the numbers confirmed it.
The battle and the war Now, here’s where things get interesting; Hyperliquid might be playing a longer game.
Its next upgrade, HIP-4, will help bring in permissionless prediction markets. This would allow outside builders to launch markets on sports, crypto, macro events, politics… basically anything, as long as validators approve the structure and 500,000 HYPE gets locked up.
This is the same playbook that worked for perpetuals under HIP-3.
If it pans out the same way here, Hyperliquid will immediately become the infrastructure under thousands of markets. If that is the case, it will never have to build one itself.
Hence, the real fight is about who will own what’s coming next. That’s where Hyperliquid has the stronger fighter as it stands.
Final Summary Pump.fun is set to beat Hyperliquid’s monthly revenue after 15 months. The HIP-4 upgrade could help Hyperliquid win in the long term.
Pump. fun (PUMP) token stole the limelight in August, outshining several more established and higher-valued coins.
PUMP is PUMPingThe official utility coin of the Solana (CRYPTO: SOL)-based meme coin launchpad nearly doubled in value over the last month. Along the way, it clawed its way back to a $1 billion market capitalization.
In fact, PUMP was the second-best performer in August among coins with at least $1 billion in market value.
A Financial Times report revealed that Pump.fun was among the cryptocurrency projects that spent large amounts buying back their own tokens in 2026.
Token buybacks usually shrink circulating supply, creating deflationary pressure.
This move, combined with a broader rotation into launchpad and memecoin infrastructure tokens, potentially acted as a bullish catalyst.
Read Next
PUMP Leaves Bitcoin, Ethereum in the DustPUMP was launched in July of last year and quickly jumped to an all-time high of $0.01214. Since then, the token has plummeted 63%.
Pump.fun was at the heart of the Solana meme coin mania in 2024, spawning several coins like PNUT, Fartcoin (FARTCOIN), and MooDeng (MOODENG).
PUMP’s advance overshadowed market heavyweights, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which gained only 31% and 28%, respectively, over the last month.
Read Next
Photo: Sebastian Duda on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Pump.fun, the Solana-based memecoin launchpad, surpassed Hyperliquid in monthly protocol revenue on August 9, 2026, the first time it has held that title since April 2025.
According to DeFiLlama data, Pump.fun generated $33.73 million in revenue over the preceding 30 days, nudging past Hyperliquid’s $32.73 million.
The numbers behind the milestone Pump.fun collected $84.35 million in total fees during the same 30-day window, compared to Hyperliquid’s $47.14 million.
Hyperliquid’s net revenue retention margin sits at 73%, versus Pump.fun’s 41%.
Hyperliquid holds over $6 billion in total value locked. Pump.fun sits at roughly $251 million.
By late August 2026, Pump.fun’s cumulative lifetime revenue had climbed into the $1.23 to $1.26 billion range, putting it past Hyperliquid’s lifetime total of approximately $1.19 billion. That makes Pump.fun the first Solana application to surpass $1 billion in lifetime revenue.
Mid-August also saw Pump.fun’s weekly protocol fees clear $10 million for the first time.
What is driving Pump.fun’s resurgence Pump.fun’s model is straightforward. Tokens launch on a bonding curve, meaning price rises automatically as buyers pile in. Once a token hits a certain market cap threshold, liquidity migrates to a decentralized exchange. The platform collects fees at each stage, and a meaningful portion of those fees flows into buybacks and burns of the $PUMP token.
The $PUMP token climbed roughly 12% to approximately $0.0027 following the announcement, pushing its market cap to around $1.055 billion.
Pump.fun’s April 2025 lead was short-lived the first time around, and Hyperliquid reclaimed its position quickly.
What this means for Solana and the broader DeFi landscape A 73% net revenue margin on $32.73 million is a different quality of income than a 41% margin on $33.73 million. Investors in protocol tokens need to weigh gross revenue against what actually accrues to the protocol and, ultimately, to token holders.
Pump.fun’s aggressive buyback-and-burn strategy is designed to close that value-accrual gap by reducing $PUMP supply over time.
The two platforms represent a useful proxy for a broader debate in DeFi: high-volume, low-margin consumer activity versus lower-volume, high-margin institutional-adjacent activity. Both models are generating real revenue.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to market data from BIT (bit.com), Circle’s shares rose more than 6% intraday, currently trading at $92.67. Earlier reports noted that Hyperliquid is in discussions with Kraken’s parent company to enter the U.S. market.
3 hours ago
ByteDance's New Stock Guru Takes Over: US Stock Assets Surge 23-Fold in 7 Years, Core Strategy "Buy Early and Hold Steadfast"
The central figure behind the viral story "ByteDance Employee Makes 23x Gains Trading US Stocks", Dexter Yang, posted that over the more than 7 years since he joined ByteDance on January 14, 2019, ByteDance options have appreciated 4.5 to 5 times at the repurchase price, yielding an annualized return of 22% to 24%; based on the company's market valuation (USD 600 billion to USD 1 trillion), they have risen 8 to 13 times, with an annualized return of 31% to 40%. His personal US stock assets have surged 23 times over the same period, delivering an annualized return of 51%. If such returns are not attainable, excelling at work at ByteDance and earning more options is the optimal investment. Career development mirrors investing: it requires taking risks, entering early, staying committed, and achieving exponential growth through compound interest from personal growth and sector accumulation—essentially, it's about "buy and hold". Earlier, Leto Bao, a former ByteDance employee nicknamed "ByteDance Stock Trading Guy", reaped massive profits by capitalizing on the AI storage sector via US stock investments. Online reports claim he earned approximately RMB 30 million and subsequently resigned.
3 hours ago
Hyperliquid is in discussions with Kraken's parent company about entering the U.S. market.
According to market sources, Hyperliquid is in talks with Kraken's parent company to enter the U.S. market.
3 hours ago
Viewpoint: Bitcoin’s rebound momentum remains strong, with institutional allocations and speculative leverage rising in tandem.
Glassnode noted in a report that Bitcoin is currently trading around $78,600, having largely held onto the strong rally it launched from the $64,000 zone at the end of August after earlier breaking above $80,000. The broader digital asset market still shows strong institutional demand, though activity in spot and derivatives trading has cooled in some segments. Meanwhile, price momentum has clearly exceeded the upper bound of its statistical range. The secondary market’s trading volume and spot Cumulative Volume Delta (CVD) indicate that the balance of buying power in the market may be shifting, while retail participation has also weakened. Traditional finance capital continues to flow into regulated crypto investment products. U.S. spot Bitcoin ETF holdings remain profitable and have maintained weekly net inflows. At the same time, short-term, price-sensitive capital is entering the market, coinciding with high options open interest and a rapid narrowing of volatility spreads—signaling that market participants may be underestimating short-term volatility risks. On-chain data also reflects a pattern of "active settlement but weakening user participation": entity-adjusted transaction volumes are significantly above normal levels, while daily active addresses and total fee revenue have declined slightly. Overall, the Bitcoin market is in a transition phase from a strong rally to structural divergence. Sustained institutional capital allocation and a rebound in on-chain valuations are providing market support, though speculative leverage is rising and signs of short-term capital selling have begun to emerge. The market’s fundamentals remain solid, but short-term volatility and correction risks are on the rise.
3 hours ago
Iran's Revolutionary Guards: An MQ-9 drone was shot down east of the Strait of Hormuz.
The Iranian Revolutionary Guard Corps stated that an MQ-9 drone was shot down east of the Strait of Hormuz.
3 hours ago
Telegram Founder: Gram Wallet Is Ready, Now Open to Select Users
Telegram founder Pavel Durov announced in a post on his personal channel that Telegram’s Gram wallet is now ready for use and currently available to a select group of users. It will be gradually rolled out to over 1 billion users in the coming weeks. Durov thanked the validators who approved the core smart contract, noting this means future wallet upgrades will not require cumbersome wallet migrations. This is just one of many innovations Telegram has developed to enhance the usability of non-custodial wallets.
According to market data from BIT (bit.com), Circle’s shares rose more than 6% intraday, currently trading at $92.67. Earlier reports noted that Hyperliquid is in discussions with Kraken’s parent company to enter the U.S. market.
1 hours ago
ByteDance's New Stock Guru Takes Over: US Stock Assets Surge 23-Fold in 7 Years, Core Strategy "Buy Early and Hold Steadfast"
The central figure behind the viral story "ByteDance Employee Makes 23x Gains Trading US Stocks", Dexter Yang, posted that over the more than 7 years since he joined ByteDance on January 14, 2019, ByteDance options have appreciated 4.5 to 5 times at the repurchase price, yielding an annualized return of 22% to 24%; based on the company's market valuation (USD 600 billion to USD 1 trillion), they have risen 8 to 13 times, with an annualized return of 31% to 40%. His personal US stock assets have surged 23 times over the same period, delivering an annualized return of 51%. If such returns are not attainable, excelling at work at ByteDance and earning more options is the optimal investment. Career development mirrors investing: it requires taking risks, entering early, staying committed, and achieving exponential growth through compound interest from personal growth and sector accumulation—essentially, it's about "buy and hold". Earlier, Leto Bao, a former ByteDance employee nicknamed "ByteDance Stock Trading Guy", reaped massive profits by capitalizing on the AI storage sector via US stock investments. Online reports claim he earned approximately RMB 30 million and subsequently resigned.
1 hours ago
Hyperliquid is in discussions with Kraken's parent company about entering the U.S. market.
According to market sources, Hyperliquid is in talks with Kraken's parent company to enter the U.S. market.
1 hours ago
Viewpoint: Bitcoin’s rebound momentum remains strong, with institutional allocations and speculative leverage rising in tandem.
Glassnode noted in a report that Bitcoin is currently trading around $78,600, having largely held onto the strong rally it launched from the $64,000 zone at the end of August after earlier breaking above $80,000. The broader digital asset market still shows strong institutional demand, though activity in spot and derivatives trading has cooled in some segments. Meanwhile, price momentum has clearly exceeded the upper bound of its statistical range. The secondary market’s trading volume and spot Cumulative Volume Delta (CVD) indicate that the balance of buying power in the market may be shifting, while retail participation has also weakened. Traditional finance capital continues to flow into regulated crypto investment products. U.S. spot Bitcoin ETF holdings remain profitable and have maintained weekly net inflows. At the same time, short-term, price-sensitive capital is entering the market, coinciding with high options open interest and a rapid narrowing of volatility spreads—signaling that market participants may be underestimating short-term volatility risks. On-chain data also reflects a pattern of "active settlement but weakening user participation": entity-adjusted transaction volumes are significantly above normal levels, while daily active addresses and total fee revenue have declined slightly. Overall, the Bitcoin market is in a transition phase from a strong rally to structural divergence. Sustained institutional capital allocation and a rebound in on-chain valuations are providing market support, though speculative leverage is rising and signs of short-term capital selling have begun to emerge. The market’s fundamentals remain solid, but short-term volatility and correction risks are on the rise.
1 hours ago
Iran's Revolutionary Guards: An MQ-9 drone was shot down east of the Strait of Hormuz.
The Iranian Revolutionary Guard Corps stated that an MQ-9 drone was shot down east of the Strait of Hormuz.
1 hours ago
Telegram Founder: Gram Wallet Is Ready, Now Open to Select Users
Telegram founder Pavel Durov announced in a post on his personal channel that Telegram’s Gram wallet is now ready for use and currently available to a select group of users. It will be gradually rolled out to over 1 billion users in the coming weeks. Durov thanked the validators who approved the core smart contract, noting this means future wallet upgrades will not require cumbersome wallet migrations. This is just one of many innovations Telegram has developed to enhance the usability of non-custodial wallets.
Pump.fun pulled in $2.4 million in revenue on August 25, its best single day since September 2025. For a platform that lets anyone launch a meme token with a few clicks, that’s a lot of bonding-curve fees.
The spike wasn’t a one-day fluke. It caps off an August that has seen Pump.fun’s weekly revenue climb to $13.68 million, the highest seven-day total the platform has posted since February 2026. Trailing 30-day revenue sits somewhere between $42 million and $48 million, which puts the annualized run rate in the neighborhood of $460 million to $500 million.
The meme machine keeps printing Pump.fun launched in January 2024 as a simple concept: lower the barrier to creating Solana-based tokens to essentially zero. Users pick a name, upload an image, set a bonding curve, and the token is live. The platform earns fees on every trade that happens along that curve before a token “graduates” to a full decentralized exchange listing.
Cumulative earnings since launch have now surpassed $1.2 billion. The year 2025 alone accounted for roughly $971 million of that total.
Pump.fun has consistently outpaced Hyperliquid, one of the most talked-about DeFi protocols, on both 7-day and 30-day revenue metrics. That places a meme token launcher among the highest-earning protocols in all of crypto, trailing only major stablecoin issuers during certain measurement windows.
Daily token launches on the platform remain in the tens of thousands.
Where the money goes A significant portion of revenue, often around half, gets routed into automated buybacks and burns of the platform’s native PUMP token. Cumulative buybacks have now exceeded $430 million, retiring approximately 28% of the total PUMP supply.
In a recent week, $6.13 million was distributed to PUMP holders through this system.
The platform has also expanded beyond its Solana roots. Pump.fun now supports token launches on Base, BSC, and Ethereum, diversifying its revenue streams across multiple chains.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Claude's paid usage tiers are criticized for deceptive wording: The $200 "20x" plan only grants 5 hours of access, with its weekly quota being three times that of the $100 tier.
According to Dongcha Beating AI Express, the quota issue with Anthropic’s Claude Max has reignited controversy on social media. The $100 Max 5x and $200 Max 20x are easily misinterpreted by their names as meaning the latter offers four times the quota of the former. However, Anthropic’s official documentation specifies that the “5x” and “20x” refer to usage limits per 5-hour windows. All paid plans also include weekly quotas, but Anthropic has not disclosed how these compare to the Pro plan’s weekly limit—a major source of user frustration. A recent reverse calculation by a Reddit user found that during the current temporary bonus period, Max 20x’s total weekly quota is only approximately 2.25 times that of Max 5x. Anthropic has even faced legal action over this. A proposed class-action lawsuit filed in June alleges that Max 20x’s actual total usage is just 6 to 8 times that of the Pro plan, while Max 5x is around 3.5 times. Under this framework, the weekly usage gap between the two tiers is also only about twice. The case remains ongoing, and the court has not yet ruled that Anthropic engaged in false advertising.
9 minutes ago
Binance will support cash dividend distributions for Qualcomm, PayPal, and Alphabet via bStocks.
According to an official announcement, Binance will support cash dividend distributions for Qualcomm (QCOM), PayPal (PYPL), and Alphabet (GOOGL) holders via its bStocks product for QCOMB, PYPLB, and GOOGLB token holders. After deducting applicable withholding taxes, fees, costs, and other related expenses, net dividends will be reinvested into the corresponding underlying securities, with users receiving dividends in the form of QCOMB, PYPLB, and GOOGLB bStocks respectively. Eligibility snapshots: QCOMB holders must hold relevant assets at 00:00 UTC on September 3, 2026; PYPLB and GOOGLB holders must hold their assets at 00:00 UTC on September 4, 2026. Spot trading for all three tokens remains unaffected, but QCOMB will suspend token conversions, deposits, and withdrawals at 23:30 UTC on September 2. PYPLB and GOOGLB will suspend their respective related services at 23:30 UTC on September 3, with services resuming after dividend distribution is completed.
9 minutes ago
Metaplanet has deposited 2,400 BTC, valued at approximately $186 million, into Coinbase Prime over the past three hours.
According to monitoring by on-chain analytics platform Lookonchain, Metaplanet has deposited 2,400 BTC (valued at approximately $186 million) into Coinbase Prime over the past three hours. Earlier, the company purchased 43,000 BTC at an average price of $96,191 per coin, with the total value of the holdings reaching around $3.48 billion.
9 minutes ago
Microduck surged more than 40% before quickly pulling back, now trading at $0.0145.
According to GMGN market data, the meme token microduck on the Robinhood Chain saw a rapid rally at midday. Its price surged from around $0.013 to a high of approximately $0.0188 in a short period, with its stage gain once exceeding 40% and its peak market cap reaching nearly $19 million. The price then quickly pulled back, currently trading at around $0.0145, with its market cap falling to roughly $14.55 million, a retracement of about 23% from the high.
9 minutes ago
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
9 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Pump.fun has added trading for any HyperEVM token through USDC as Hyperliquid L1 records about $503 million in decentralized exchange volume over 24 hours.
Summary
Pump.fun users can trade HyperEVM tokens with USDC through the platform’s application. The company said traders will receive referral rewards and pay close to zero trading fees. HyperEVM operates alongside Hyperliquid’s spot and perpetual trading system. Hyperliquid L1 currently holds about $1.59 billion across decentralized finance protocols. Pump.fun said on Aug. 26 that its application now supports tokens issued on HyperEVM, giving users a new route to buy and sell the assets with USDC.
The company described itself as the first application to introduce HyperEVM assets into this type of trading interface. Pump.fun did not provide independent evidence supporting the claim, which could not be verified at the time of publication.
Alongside token swaps, users can earn rewards when people trade through their referral links. Pump.fun also described transaction costs as close to zero, although its announcement did not publish an exact fee schedule or explain whether network gas charges are included.
At least one HyperEVM asset is already visible through the application. Pump.fun’s market page for EGG states that users can trade the token on Hyperliquid through Pump, confirming that the service was active when the page was checked.
Pump.fun has expanded beyond its Solana token market Created as a Solana-based token launchpad, Pump.fun allows users to issue and trade tokens without setting up a conventional liquidity pool at launch. Its application became closely associated with meme coins, many of which trade on an automated bonding curve before moving to an external decentralized exchange.
HyperEVM support adds assets from another blockchain environment to the same interface. The announcement refers only to trading existing HyperEVM tokens and does not say whether users will be able to create HyperEVM assets through Pump.fun.
Trading support also extends Pump.fun’s business beyond the Solana market, which produced most of its activity and fee income. As crypto.news reported on Aug. 10, the platform generated $10.03 million in fees during the previous seven-day reporting period as trading volume reached $2.97 billion.
During that period, Pump.fun used $5.02 million to buy and burn approximately 2.15 billion PUMP tokens. The company said it directs 50% of revenue to automated repurchases and burns through a locked smart contract, with the mechanism having removed the equivalent of 15.7% of the token’s original supply by Aug. 10.
The platform’s token economics have also faced supply pressure. On-chain tracking in July showed 57.279 billion PUMP, worth approximately $86.49 million at the time, moving to 121 team and investor wallets after a one-year lockup ended. The transfers began a three-year vesting period, although movements to recipient wallets did not establish that the tokens had been sold.
HyperEVM connects applications with Hyperliquid liquidity According to Hyperliquid’s documentation, HyperEVM is the Ethereum-compatible smart-contract environment built into the Hyperliquid blockchain. It is not a separate chain and shares the network with HyperCore, the system that handles Hyperliquid’s spot and perpetual order books.
Because HyperEVM supports the Ethereum Virtual Machine, developers can deploy applications written for Ethereum-compatible networks. HYPE serves as the gas token for transactions, while precompiled contracts and other network tools allow applications to read information from HyperCore.
Spot assets can also move between HyperCore and HyperEVM through Hyperliquid’s transfer system. Once deposited into the smart-contract environment, the assets can interact with decentralized exchanges, lending protocols, and other applications built on HyperEVM.
For users entering through Hyperliquid, the network’s onboarding documentation says they can buy HYPE with USDC and then transfer the HYPE from HyperCore to HyperEVM to cover gas costs. Pump.fun has not explained whether its interface handles that process automatically or whether users must maintain HYPE separately.
HyperEVM initially reached the testnet in February 2025, when Hyperliquid introduced support for Ethereum-compatible smart contracts. Since then, wallet providers, custodians, and decentralized finance projects have integrated the network.
Circle launched native USDC on HyperEVM in September 2025 alongside Cross-Chain Transfer Protocol V2. The system lets eligible users move USDC between supported networks without relying on conventional wrapped tokens.
Circle later became a stakeholder in the Hyperliquid ecosystem by purchasing HYPE. In May 2026, the stablecoin issuer said it had also extended USDC support to HyperCore and increased liquidity between HyperCore, HyperEVM and other supported blockchains.
Hyperliquid activity gives Pump.fun a larger token pool Data from DeFiLlama shows that Hyperliquid L1 currently holds about $1.59 billion in decentralized finance value. Stablecoins on the network have a market value of roughly $6.79 billion, with USDC accounting for nearly 98% of the total.
Hyperliquid L1 processed around $503 million in decentralized exchange volume over the latest 24-hour period and approximately $3.75 billion over seven days. Perpetual trading volume reached about $12.43 billion over 24 hours and $82.47 billion for the week.
Network activity included roughly 612,000 transactions, 21,900 active addresses, and 5,400 new addresses during the latest daily period tracked by DeFiLlama. Protocols listed on the network include Kinetiq, HyperLend, Project X, HyperSwap, and Felix.
Rising activity has also supported HYPE’s recent price performance. An Aug. 25 market report said the token had reached a record high near $83.27 before trading around $80.50. HYPE had opened the preceding seven-day period near $69.60, leaving it with a double-digit gain after some traders took profits.
Pump.fun has not disclosed which decentralized exchanges or liquidity sources execute HyperEVM orders through its interface. Its announcement also did not specify whether every token becomes available automatically or whether contracts must pass technical or security checks first.
US users receive limited federal protection for meme coins For American users, access to HyperEVM assets does not establish that every listed token has the same regulatory status. The U.S. Securities and Exchange Commission said in a February 2025 staff statement that transactions involving the types of meme coins described in the document generally do not constitute securities offerings.
SEC staff compared typical meme coins with collectibles whose prices depend mainly on trading and market sentiment rather than rights to business income, profits, or assets. Under that view, issuers of qualifying meme coins would not need to register the transactions under the Securities Act of 1933.
The SEC staff statement also said buyers and holders of qualifying meme coins are not protected by federal securities laws. Staff warned that the position does not cover tokens labeled as meme coins to avoid securities requirements or assets whose economic structure otherwise meets the definition of a security.
A March 2026 SEC interpretation reiterated that staff statements have no legal force, do not change applicable law, and have neither been approved nor rejected by the Commission. The agency said regulatory analysis depends on the economic facts surrounding each crypto asset and transaction.
Pump.fun has added full support for HyperEVM tokens to its trading app. Users can trade HyperEVM assets directly against USDC. HyperEVM trades carry a 0.1% fee, while Solana trading remains free. The expansion moves Pump.fun further beyond its original Solana launchpad model. Pump.fun has expanded its trading app to HyperEVM, allowing users to buy and sell HyperEVM-based tokens against USDC as the platform broadens its reach beyond the Solana ecosystem. The integration adds another execution environment to an app that increasingly resembles a multi-market trading interface rather than a product built solely around launching Solana memecoins.
The announcement was also highlighted by Wu Blockchain on X, which noted the difference between Pump.fun’s zero-fee Solana trading and the 0.1% fee applied across HyperEVM and several other supported markets.
Pumpfun Expands Beyond Solana With HyperEVM Token Trading
Pumpfun said its app now fully supports HyperEVM, allowing users to trade any HyperEVM token with USDC. The dominant Solana memecoin launchpad charges 0% trading fees on Solana and 0.1% on HyperEVM, Robinhood, BNB, Base… pic.twitter.com/sBkjqpuae0
— Wu Blockchain (@WuBlockchain) August 27, 2026
HyperEVM Gives Pump.fun Access to a Different Type of Liquidity The significance of the integration is less about adding another blockchain to a supported-networks list and more about where HyperEVM sits within the Hyperliquid ecosystem.
HyperEVM provides an Ethereum-compatible execution environment connected to Hyperliquid’s broader infrastructure. For Pump.fun, supporting tokens issued there creates another route for attracting traders who may previously have had little reason to use an application primarily associated with Solana.
The USDC trading pair is equally relevant. Rather than requiring users to move into a network-specific volatile asset before trading, Pump.fun can provide a dollar-denominated route into HyperEVM tokens.
That reduces one layer of friction for users moving capital between ecosystems.
Pump.fun also said HyperEVM trades qualify for its callout rewards, extending an incentive system already used to encourage activity inside the app.
The Fee Structure Reveals Where Pump.fun Is Willing to Subsidize Trading Pump.fun currently charges 0% trading fees on Solana, while HyperEVM transactions carry a 0.1% fee. The same 0.1% rate applies to several other markets supported through the app, including Robinhood-linked assets, BNB and Base.
The difference provides some insight into the platform’s priorities.
Free Solana execution helps Pump.fun defend the ecosystem where it built its original user base and where competition for retail token trading is particularly intense. Charging on newer markets allows the company to monetize expansion without immediately abandoning the zero-fee proposition at home.
Pump.fun Extends Its Trading Model Beyond Solana The HyperEVM integration adds another market to an app that is becoming less dependent on Solana-only activity. The structure is straightforward:
HyperEVM trading: Users can trade any supported HyperEVM token directly against USDC through the Pump.fun app. HyperEVM fee: Trades carry a 0.1% fee, giving Pump.fun a direct revenue stream from activity on the network. Solana fee: Trading remains at 0%, allowing Pump.fun to maintain a more aggressive pricing model in its core market. Other markets: The 0.1% fee also applies to Robinhood, BNB, Base and other supported markets, according to the information shared by Wu Blockchain. Callout rewards: HyperEVM trading is eligible for Pump.fun’s existing callout rewards program. The difference between the Solana and HyperEVM fee structures provides some insight into Pump.fun’s priorities. Free Solana execution helps the platform defend the ecosystem where it built its original user base, while charging on newer markets creates a way to monetize expansion without immediately changing the economics of its core product.
At sufficient volume, that distinction becomes meaningful. Pump.fun would no longer depend as heavily on activity surrounding newly launched Solana tokens, since trading conducted through other supported networks could contribute directly to transaction-fee revenue.
A 0.1% charge may appear small in isolation, but its economics become more meaningful if Pump.fun succeeds in routing substantial volume through multiple networks. Revenue would then depend less heavily on activity surrounding newly launched Solana tokens and more on the trading behavior of users across the app.
Why Moving Beyond Solana Changes Pump.fun’s Business Model Pump.fun originally solved a narrow problem: making it extremely easy to create and trade new tokens on Solana. That simplicity helped it attract large amounts of speculative activity, but it also tied the business closely to conditions inside a single ecosystem.
Supporting HyperEVM changes that dependency at the margin.
A multi-chain trading interface can monetize users even when they move their capital from one network to another. Instead of losing a trader when attention shifts away from Solana, Pump.fun can attempt to keep that user inside its own application while changing the underlying venue.
This is a different competitive objective from simply operating the largest token launchpad.
The app increasingly competes at the distribution layer, where wallets, aggregators and trading interfaces fight to become the place through which users access assets regardless of the network underneath them.
That distinction also explains why the integration may matter to HyperEVM. New chains and execution environments need more than liquidity. They need distribution. An established consumer-facing interface can expose HyperEVM tokens to traders who otherwise might never interact directly with the network’s native applications.
Hyperliquid’s Growth Makes the Timing More Relevant The integration arrives while activity around the broader Hyperliquid ecosystem remains elevated. HYPE was trading around $81.56 in the latest market snapshot, up approximately 13.3% over seven days, with a market capitalization near $20.5 billion.
Bitcoin, by comparison, was near $79,700 while Ethereum traded around $2,520 and Solana near $103.89.
Those prices do not directly determine demand for HyperEVM tokens, but Hyperliquid’s growing market footprint gives applications a stronger commercial reason to integrate its ecosystem. Pump.fun is effectively positioning itself to capture some of that activity without requiring traders to leave its existing interface.
The next useful metric will therefore be volume rather than the number of supported tokens. If meaningful HyperEVM trading begins flowing through Pump.fun, the integration would provide evidence that its Solana audience can be converted into a broader multi-chain user base. If activity remains concentrated on Solana, HyperEVM will function primarily as additional distribution rather than a material change in the platform’s revenue mix.
When a tenant starts making more money than the landlord, something interesting is happening. Pump.fun, the memecoin launchpad that has become Solana’s most profitable application, now generates more than twice the monthly revenue of Solana itself, a milestone that reframes how the industry thinks about where value actually accrues in a blockchain ecosystem.
As of late August 2026, Pump.fun’s trailing 30-day revenue sits between $42M and $51M, with weekly figures peaking at $14M, the highest weekly number recorded since February 2026. Annualized, that puts the platform on a run rate somewhere between $460M and $500M per year from a single application built on top of someone else’s network.
How a memecoin factory became a billion-dollar business Pump.fun launched on January 19, 2024, with a simple value proposition: make it trivially easy to create and trade memecoins, then take a small cut of every transaction.
Since launch, the platform has crossed $1.259B in cumulative revenue, making it the first application on Solana to clear the $1B mark and one of the highest-earning protocols in all of crypto. That figure, earned across roughly 19 months, reflects consistent, high-volume trading activity over a sustained period.
Advertisement
Revenue comes from multiple sources. Token creation fees, trading activity routed through PumpSwap, the platform’s native automated market maker, and ancillary service charges all feed into the total.
Roughly half of all fees collected are funneled directly into automated buybacks and burns of the PUMP token. Total buybacks have exceeded $429M, which has eliminated approximately 28.6% of the circulating supply.
Outpacing Hyperliquid and expanding beyond Solana Pump.fun’s revenue lead isn’t limited to Solana comparisons. In certain 7-day and 30-day windows, the platform has also outpaced Hyperliquid, the perpetuals exchange that has itself been celebrated as one of crypto’s most impressive fee-generating protocols.
The platform has also begun reducing its dependence on any single chain. Smaller deployments now operate on Base, Binance Smart Chain, and Ethereum. In August 2026, the platform rolled out a feature called Callout Rewards and cut trading fees, moves designed to deepen user engagement and lower the cost of participating in the ecosystem.
What the revenue gap between app and chain actually means The fact that Pump.fun generates more than twice Solana’s monthly revenue is a reasonable outcome in a maturing ecosystem. Solana collects fees at the base layer, which are structurally lower than application-layer fees because validators compete on cost to attract transactions. Applications, by contrast, can charge whatever the market will bear for their specific product.
The PUMP token buyback program adds another layer to watch. With $429M already burned and the platform still operating at peak revenue, the deflationary pressure on supply is compounding.
Callout Rewards, the new engagement feature introduced in August 2026, also represents a bet on community stickiness. Platforms that tie financial incentives to social participation tend to generate retention loops that are hard to break, even when market conditions cool.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pump.fun’s mobile app just crossed $50 million in daily trading volume, up from $250,000 when it first launched. Daily transactions have scaled from 2,500 to 905,000 over the same period.
From launchpad to ecosystem Pump.fun debuted in April 2024 as a Solana-based memecoin launchpad built around a bonding curve mechanism. As more people buy a newly created token, the price automatically rises along a predetermined curve. No order books, no market makers, just math.
Tokens that gain enough traction “graduate” from the bonding curve to PumpSwap, the platform’s native automated market maker that went live in March 2025. That graduation process has played out over 1.3 million times since launch.
Advertisement
Lifetime trading volume has surpassed $214 billion. Total fees earned have crossed $1.3 billion. The platform has attracted roughly 80 million unique wallets.
Over the past 30 days, Pump.fun has averaged approximately $347 million in daily trading volume, with individual days ranging from $25 million on quieter sessions to north of $200 million on peak days. Daily transaction counts regularly exceed one million.
The PUMP token flywheel Pump.fun introduced its native token, PUMP, in 2025. It currently sits at a market capitalization between $1.9 billion and $2 billion.
Roughly 50% of the platform’s revenue gets allocated to buying back and burning PUMP tokens.
Risks and what to watch Pump.fun’s 30-day average of $347 million in daily volume looks impressive, but similar platforms have seen activity crater by 80% or more when market sentiment shifts. The buyback-and-burn mechanism that supports PUMP’s price works both ways: if revenue drops sharply, so does the buying pressure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Following its listing on Binance derivatives, the token "牛来" extended its strong run, with its market capitalization surging past $140 million to reach a new all-time high.
According to GMGN market data, after launching on Binance Futures in the evening, BSC-based meme coin "Niu Lai" has shown strong performance, with its market cap briefly surging past $140 million to hit an all-time high. It is now trading at $130 million, up over 159% in the past 24 hours, with a 24-hour trading volume of $63.6 million. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and caution is required for investments.
4 hours ago
Serenity intensifies its bullish stance on Macronix: DDR3 price hikes have far exceeded sell-side expectations, average selling price (ASP) revised up to double sequentially, and operating leverage is fully unlocked.
Serenity published a report analyzing the sell-side research on ESMT (Jinghao Ke, stock code 3006). In March, South China Securities projected ESMT’s Q2 DDR3 4Gb contract price would rise around 50% quarter-on-quarter, while Fubon Securities forecast DRAM prices would increase 40% quarter-on-quarter. By August, South China Securities had revised ESMT’s Q2 aggregate ASP upward to a 105% to 113% quarter-on-quarter rise, explicitly stating DDR3’s price increase was “significantly better than expected”. Serenity argues that the price hike in niche memory chips is no longer just a revenue story, but a major profit amplifier, with operating leverage stretched to an extreme. Powerchip’s wafer costs may double in the second half of the year, and customers’ willingness to absorb cost pass-through has far exceeded expectations. ESMT’s single-month net profit in July was around $109 million, far exceeding earlier model assumptions. Roughly annualized, this values the stock at as low as a 1.9x P/E ratio. DDR3 is mainly used in products like IP cameras and hard drives. Memory chips account for a very small share of customers’ total bill of materials (BOM), so even a few dollars more per chip is far cheaper than the cost of redesigning and re-certifying products, making demand relatively inelastic. The consensus view is that peers are shifting production capacity to high-value products like HBM and DDR5, leading to structural tightening in DDR3 and DDR2 supply.
4 hours ago
Analysis: BTC marks the third time in history of significant underperformance relative to the Nasdaq, with both prior instances seeing strong, independent rallies.
Analyst Rekt Fencer has published a 3-day ratio chart of Bitcoin (BTC) and the Nasdaq, marking three major drawdowns: roughly -84.9% in 2018, -80.7% in 2022, and the current -54.3% in 2026. The analyst pointed out that after Bitcoin underperformed the Nasdaq by such wide margins in the prior two instances, it went on to post very strong independent rallies, with prices surging sharply thereafter. With the current ratio dropping significantly again, history may repeat for the third time: the bottom is approaching, and BTC will regain strength going forward.
4 hours ago
Perspective: On-chain retail Bitcoin (BTC) activity has hit a two-year high, and the minor pullback appears more like position rotation rather than a market top.
CryptoQuant analyst Darkfost stated that on-chain retail Bitcoin activity has reached a two-year high. The current slight pullback from the $80,000 level is more of a rotation than a market top, Bitcoin’s medium-term demand remains strong, and investor demand for the cryptocurrency has increased by 17.4% over the past 30 days.
4 hours ago
Trump: Will Fill U.S. National Strategic Petroleum Reserve With Venezuelan Oil
US President Trump announced that the United States will fill its national strategic reserve with Venezuelan oil, and the process to replenish the reserve to full capacity will begin soon.
Kylie Jenner’s X account was reportedly hacked and used to promote a meme coin called kylie. The token’s market capitalization peaked at nearly $1.19 million before falling by roughly 68%.
The posts no longer appear on the account, which has 39.5 million followers. Several other kylie tokens are now trading on the Solana (SOL) network, each only a few hours old.
Deleted Posts Sent kylie Token Past $1 MillionThe account first posted a casual message about trading, then pointed followers to a Pump.fun profile named cutekjenner. A second post carried the ticker and a contract address.
Follow us on X to get the latest news as it happens
The two posts drew roughly 50,000 and 33,000 views before deletion. Community accounts flagged the abrupt tone as a sign of compromise.
The token climbed to a $1.19 million market capitalization on PumpSwap, according to GeckoTerminal data.
At press time, its market cap stood near $378,500, with $6.1 million in 24-hour trading volume. Liquidity now sits near $58,900, held by roughly 3,700 holders.
kylie Token Market Cap Chart Showing the Spike and Retrace. Source: GeckoTerminalAccount Hacks Keep Turning Into Meme Coin Rug PullsThe deleted posts left a trail of imitators behind them. Traders have minted a cluster of rival Kylie-themed tokens on Solana, most of them worth very little.
One rival kylie token, carrying the same profile image, reached a $1.04 million market cap on $6.72 million in trading volume. Others sit between $29,800 and $370,300. None had traded for longer than seven hours at the time of writing.
Kylie-Themed Meme Coins Trading on Solana. Source: GeckoTerminalThe playbook mirrors recent takeovers. Attackers used the SpaceX and Starlink accounts in July to push SCATMAN, netting around $125,000.
In late July, Robinhood CEO Vlad Tenev’s account was compromised, and the attacker cleared roughly $1.2 million through Vladhood.
Senator Cynthia Lummis’ compromised account then promoted a fake USA token, while actor Dean Norris disowned a DEAN coin in January 2025.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Pump.fun just posted $13.68 million in weekly protocol revenue, its strongest seven-day stretch since February. Nearly all of it, $13.67 million, came from activity on Solana. The remaining sliver originated from the platform’s smaller footprints on Base, BSC, and Ethereum.
The numbers behind the surge Pump.fun’s 24-hour revenue clocked in at $1.77 million, while the trailing 30-day figure reached $47.75 million. Annualized, the platform is on pace to generate roughly $461 million in protocol revenue.
Since launching on January 19, 2024, cumulative revenue has crossed $1.259 billion. Cumulative fees are even higher, exceeding $1.997 billion.
The platform earns revenue through a mix of trading fees, graduation fees (charged when a token’s bonding curve completes and migrates to open trading), and ancillary products like PumpSwap and its advanced trading terminal. The bonding curve mechanism prices tokens algorithmically as buyers pile in, creating instant liquidity without needing a traditional market maker.
PUMP token economics and holder payouts The PUMP token currently trades around $0.005, giving it a market capitalization of approximately $1.95 billion and a fully diluted valuation near $4.19 billion.
A protocol generating nearly $48 million per month while trading at a $1.95 billion valuation implies a price-to-annualized-revenue multiple of roughly 4.2x.
In the past seven days alone, $6.55 million was distributed to PUMP holders through buybacks and profit-sharing mechanisms. That means roughly 48% of weekly protocol revenue is being funneled back to token holders.
What’s driving the revival Pump.fun’s model allows token creation without pre-mines or insider advantages. The bonding curve launch mechanism means every buyer faces the same price curve, eliminating the informational asymmetry that plagues traditional token launches.
PumpSwap, the platform’s integrated decentralized exchange, captures trading volume that might otherwise leak to third-party AMMs, keeping the full lifecycle of a meme token from creation through active trading within its own ecosystem.
What this means for the broader market For Solana specifically, Pump.fun’s activity is a non-trivial contributor to network usage and transaction fees. A platform generating billions in cumulative fees creates real demand for SOL needed to pay gas, which feeds back into the network’s economic model.
For PUMP token holders, the 30-day revenue of $47.75 million and $6.55 million in weekly holder distributions are the key variables to watch. If weekly fees drop back, holder distributions would shrink proportionally, and the valuation math would need to be reworked entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Whale’s short positions, which first set 10 major price targets, may see their unrealized losses expand to $6.88 million.
As Bitcoin rebounds to hit the $80,000 mark, the massive short positions in Bitcoin and Ethereum held by the whale codenamed "Set 10 Big Goals First" may return to loss if they retain their original positions. The open positions are as follows: - BTC short positions: 1,830.724 BTC, worth approximately $139 million, average entry price $76,397.56 - ETH short positions: 12,756.739 ETH, worth approximately $30.25 million, average entry price $2,371.57 Based on current BTC price of $79,300 and ETH price of $2,499, the total unrealized loss on the whale's address could reach $6.88 million. The whale has previously resumed live trading on Binance but is currently in an invisible status, making it impossible to confirm whether the trader has closed positions to stop loss.
2 minutes ago
Scott Bessent plans to take aggressive measures to push the 10-year U.S. Treasury yield to 5%.
According to Fox Business News, Wall Street executives stated that U.S. Treasury Secretary Scott Bessent is preparing to take aggressive measures to push the 10-year U.S. Treasury yield to around 5%. The Trump administration is not expected to pursue fiscal austerity policies, but instead aims to reduce debt via tax increases. Earlier reports noted that Bessent is eyeing the trillion-dollar "emergency fund pool" to cover U.S. Treasury obligations, leveraging the powerful tool of the Treasury General Account (TGA) to influence long-term bond yields.
2 minutes ago
Coinbase will list spot trading for BASECAT and DRB.
Coinbase to Launch Spot Trading for Basecat (BASECAT) and DebtReliefBot (DRB). If liquidity conditions are met and trading is supported in relevant regions, the BASECAT-USD and DRB-USD trading pairs will open today.
2 minutes ago
US-listed crypto-related stocks rose across the board, with Strategy up 5.1% and BitMine surging 7.47%.
According to market data from BIT (bit.com), as Bitcoin hit $80,000, all US-listed crypto-related stocks rallied, with details as follows: Strategy (MSTR) rose 5.1%; Coinbase (COIN) fell 1.1%; Circle (CRCL) gained 1.57%; BitMine Immersion (BMNR) surged 7.47%; SharpLink Gaming (SBET) increased 5.88%; HYPE Treasury Co. (PURR) climbed 2.41%.
2 minutes ago
Maji opens BTC rolling positions, adds an additional $12 million in long positions, bringing total position size to approximately $87.44 million.
According to TradingBeats' monitoring, after Bitcoin returned to the $80,000 level for the first time in 101 days, "Big Brother Machi" Huang Licheng began rolling over his long positions, adding $12 million in long trades in just under 10 minutes. His current holdings are as follows: BTC long positions: ~$87.44 million, with an unrealized profit of ~$50,000, entry price of $79,449.30, liquidation price of $72,419.26; ETH long positions: ~$57.40 million, unrealized profit of ~$2.49 million, entry price of $2,392.66, liquidation price of $2,159.41; HYPE long positions: ~$19.39 million, unrealized loss of ~$80,000, entry price of $79.46, liquidation price of $46.14; PUMP long positions: ~$14.69 million, unrealized loss of ~$740,000.
2 minutes ago
Citi raises its 3-month gold price target to $4,800 per ounce.
Citi has raised its near-3-month gold price target to $4,800 per ounce, up from the previous $4,500. The bank maintains its 6-12 month gold price target unchanged at $5,000 per ounce. According to Bitget market data, gold has been performing strongly recently, currently trading at $4,668 per ounce.
Pump.fun has crossed a threshold that would have seemed improbable even a year ago. The Solana-based memecoin launchpad generated more than $10 million in protocol fees during the week of August 3-9, 2026, the first time it has cleared that mark in a single week, according to DefiLlama data.
That puts its 7-day revenue at roughly $12 million as of mid-August, ranking it third among all tracked protocols, behind only stablecoin giants Tether and Circle. Hyperliquid, the perpetuals-focused decentralized exchange and Layer 1 chain that has dominated DeFi revenue conversations, finished the same period below Pump.fun’s mark.
The numbers behind the rivalry The 30-day picture tells a cleaner story. Pump.fun posted $35.67 million in 30-day revenue for August 2026, compared to Hyperliquid’s $32.46 million over the same window. That gap followed a 13-day streak in late July through August where Pump.fun led the 30-day revenue ranking, with its peak hitting $42.3 million against Hyperliquid’s $28.5 million during that run.
At the daily level, Pump.fun co-founder Sapijiju pointed to July 23 as a clear benchmark: the platform earned $1.21 million that day versus Hyperliquid’s $1.03 million.
Since its 2024 launch, Pump.fun has now generated more than $1.2 billion in cumulative revenue.
Worth flagging: revenue definitions are not uniform across platforms. Pump.fun’s figures reflect fees generated from bonding-curve trades and its PumpSwap product. Hyperliquid’s revenue reflects trading fees from its perpetuals exchange.
How Pump.fun is built to be deflationary Half of every dollar Pump.fun earns goes directly toward PUMP token buybacks and burns, executed automatically via smart contracts. Weekly burns have exceeded $5 million in value during peak periods, and hundreds of millions of tokens have already been removed from circulation.
Where Hyperliquid still has the edge Hyperliquid holds approximately $6 billion in Total Value Locked, compared to Pump.fun’s roughly $250 million. Hyperliquid appeals primarily to institutional and semi-professional traders who want high-volume leveraged exposure with deep liquidity. Pump.fun’s strength is the opposite: a massive retail base generating high-frequency, low-to-mid ticket transactions that aggregate into substantial fee revenue during speculative trading surges.
For PUMP token holders, the buyback and burn program creates a direct link between platform revenue and token value, making Pump.fun’s fee performance a more relevant data point than it might be for a protocol without that mechanism.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Highlights PUMP has gained 84% in the past week and 13% in the last 24 hours, significantly outperforming the broader crypto market which declined 1.9% The platform has executed over $1 million in daily token buybacks for three consecutive days Trading volume surged 43.68% to reach $781 million in 24 hours, demonstrating robust market engagement Critical resistance level is positioned at $0.0055, while RSI indicators show overbought conditions at 77.55 Planned Q4 2026 tokenomics overhaul may result in burning as much as 36% of the total PUMP token supply The PUMP token from Pump.fun has experienced an impressive 84% surge across the last seven days, climbing to $0.005136 while the wider cryptocurrency market declined by 1.9%. This performance positions the token among the top-performing digital assets in the current market cycle.
Pump.Fun (PUMP) Price The primary catalyst for this upward movement is Pump.fun’s active token buyback initiative. The platform allocates a percentage of its trading fees to repurchase PUMP tokens from the open market. Over the past three consecutive days, these buybacks have surpassed $1 million daily, with the latest 24-hour period recording $1.01 million in purchases.
This mechanism generates persistent buy-side pressure that’s fundamentally linked to the platform’s revenue generation, independent of broader market sentiment fluctuations.
The surge in price has been accompanied by proportional increases in trading activity. PUMP’s 24-hour trading volume jumped 43.68% to exceed $781 million, demonstrating that the price rally is supported by substantial market participation rather than low-liquidity price manipulation.
Technical Recovery From Extended Downtrend PUMP had been trapped within a persistent descending channel throughout much of the current year, bottoming out around $0.0011 in July. Following that low, the token has mounted a consistent recovery, successfully breaking through the descending trendline and recapturing the $0.00237 support level before continuing its advance.
This recovery phase has established a pattern of progressively higher peaks and troughs since late July, with the most dramatic acceleration occurring after August 19.
Cryptocurrency analyst CryptoKaleo weighed in on X, observing that the PUMP chart appears to be “speed running its way back to all time highs.” His observation captures the velocity of the rebound from the July lows.
The RSI indicator currently registers 77.55, signaling that PUMP has entered overbought territory. Meanwhile, the Ultimate Oscillator shows a reading of 60.08, maintaining positive overall momentum while simultaneously suggesting that rapid pullbacks remain possible given the magnitude of the weekly advance.
Future Price Targets and Development Roadmap The immediate resistance level to monitor is $0.0055. A decisive breach above this level, backed by sustained volume, could pave the way toward $0.0060 and subsequently $0.0065. Conversely, a rejection at this resistance would likely result in PUMP entering a consolidation phase between $0.0045 and $0.0055.
Source: TradingView Pump.fun has outlined plans for a decentralized bounty platform called GO, scheduled for Q3 2026, which is expected to increase on-chain activity and subsequently channel additional revenue into the buyback mechanism.
Looking toward Q4 2026, the project has scheduled a significant tokenomics revision that could eliminate up to 36% of the total PUMP token supply through burns. The same quarter will also see expansion efforts to Ethereum and Monad networks.
Current data confirms $1.01 million in PUMP buybacks during the previous 24-hour period, with the token maintaining support above the $0.0051 level.
PUMP has been rallying steadily since hitting a low of $0.001 at the end of June. It gained roughly 19% in the past 24 hours, approaching $0.004; 36% over seven days, 98% in 30 days, and around 116% over 90 days. The broader crypto market has warmed up in recent days, with Bitcoin briefly breaking above $79,000. Some meme coins like PEOPLE, NEIRO, and BOME topped Binance’s gainers list, aligning with the common pattern of “market recovery first, meme coins leading.” However, PUMP’s rally started significantly earlier than the current market upswing, launching roughly two months ahead of this cycle. The strong price movement is driven by its fundamentals: Pump.fun is forming a positive feedback loop of “revenue – buybacks – traffic.” On-chain data shows the platform’s fees totaled around $38.15 million over the past 30 days, with revenue of $29.19 million—second only to Tether, Circle, and Canton, and surpassing protocols like Hyperliquid, Polymarket, GMGN, and Tron. The window where the golden cross appeared coincided with a reacceleration in revenue, ongoing PUMP buybacks and burns, and a return of trading users to the platform. Pump.fun allocates 50% of its revenue to buy and burn PUMP tokens. Recent weekly fee revenue has exceeded $10 million—one of the strongest levels since January—translating to potential buyback pressure of around $5 million. The platform recently launched Callout Rewards, cut Solana trading fees to 0% and cross-chain fees to 0.1%, using its revenue advantage to subsidize traffic and compete for users with entry products like GMGN and Fomo. If weekly and daily active trading users continue to hit new highs, PUMP’s market narrative could shift from a pure “meme platform token” to more of a “trading entry with strong cash flow.” Overall, this rally is driven by both technical signals and fundamental positive feedback, with revenue scale and the buyback mechanism serving as core supporting factors.
On-chain analyst Ai Yi (handle @ai_9684xtpa) has monitored that Pump.fun's fee address transferred 72,252.69 SOL to Kraken in the past 15 minutes, valued at approximately $6.303 million.
TLDR: Pump Foundation holds nearly $2 billion in treasury assets, mostly in stablecoins, no SOL held. Baton Corporation develops pump.fun and receives about $100 million yearly for operations. Pump.fun has generated over $1 billion in total revenue since its January 2024 platform launch. With 13.5 million active wallets, pump.fun now drives about 40% of Solana’s network activity. Pump Foundation currently holds close to $2 billion in treasury assets, according to Pump fun co-founder Noah Tweedale.
Tweedale shared the figure during an interview with Crypto Insider published on August 8, 2026. The foundation operates separately from Baton Corporation, the UK-based company that develops the platform.
Baton receives roughly $100 million annually to cover development, technology, and other operating costs. The treasury holds no SOL and instead consists mainly of stablecoins and other assets.
Foundation Structure and Revenue Sources Pump Foundation’s funds come primarily from its initial coin offering and ongoing platform revenue. This separation keeps foundation assets distinct from the operational budget used by Baton Corporation. Baton handles the technical side of the business, building and maintaining the trading platform.
The foundation’s treasury composition reflects a conservative approach to asset management. Holding stablecoins rather than SOL reduces exposure to token price swings. This structure allows the foundation to fund long-term initiatives without relying on volatile crypto holdings.
Tweedale also addressed the team behind Pump fun during the conversation. The team maintains a young average age of 25 years old. Despite its size, the group manages a treasury approaching $2 billion alongside a sizable annual budget.
The co-founder acknowledged past communication gaps with investors and the wider community. He stated the team plans to increase transparency going forward. Regular updates are expected to become part of the foundation’s ongoing strategy.
Platform Growth and Future Expansion Pump fun launched in January 2024 and has since generated over $1 billion in revenue. The platform now engages 13.5 million active wallets across its ecosystem. That activity accounts for roughly 40% of total network usage on Solana.
The platform started as a basic meme coin launchpad before evolving further. It has since become a mobile-first social trading platform built for everyday users.
Traders can now deposit funds and place trades directly from their phones. This shift removed many of the technical barriers that once limited crypto trading access.
Looking ahead, the team is expanding its mobile app, web interface, and a professional trading terminal. New initiatives include GoDo.fun, a bounty-based feature, and a boost mode for coin launches. Both additions aim to support faster platform growth going forward.
A pump.fun stablecoin is also under consideration by the team. Such a token would let traders denominate trades in US dollars instead of SOL.
The platform already supports cross-chain assets from BNB, ETH, and Base networks, giving users broader access beyond the Solana ecosystem alone.
Whale activity intensified around Pump.fun [PUMP] after a trader opened a $6 million leveraged long, reinforcing bullish conviction through the latest recovery.
As reported by Lookonchain, the position involved a 10x leverage on 1.94 billion PUMP, with approximately $246,000 in unrealized profit already. Meanwhile, PUMP was up 8.51% in 24 hours to trade near $0.003017 at press time. However, the whale set a liquidation price of $0.002852, leaving the position exposed in case of a correction.
The leveraged bet therefore reflected strong directional conviction while raising the significance of nearby price support. Continued strength above the liquidation threshold would preserve the whale’s exposure and maintain buying confidence.
A breakdown to $0.002852 could then put pressure on the bulls in the leveraged position and make the bull market more uncertain.
Spot outflows give whale demand more support Exchange flows added another favorable component to the whale-led positioning during the latest session.
At the time of analysis, PUMP had recorded a $739.56K spot outflow, indicating more tokens left exchanges than entered them. Hence, the immediately tradable exchange supply dropped while the whale maintained significant leveraged exposure.
Reduced exchange availability also limited one potential source of near-term selling pressure. Importantly, the outflow supported the whale position rather than challenging it, supporting a bullish direction.
Buyers were thus left with less supply on the exchange side as PUMP tried to retain its recent gains. One outflow a day, however, was not enough to guarantee continued demand in subsequent sessions.
Persistent withdrawals are needed to set up a better supply backdrop and enhance the prospects for a further push higher.
Source: CoinGlass Can PUMP’s ascending channel survive resistance? On the daily timeframe chart, the price action maintained the upward channel movement for PUMP as it pushed into $0.003128 resistance. The latest push was met by sellers near the upper part of the channel as PUMP headed toward the $0.00300 level.
However, the price was still far from the significant $0.002656 support level. The channel structure thus maintained the general upward sequence despite resistance interrupting the latest advance.
At the time of writing, the RSI reached 67.66, while its average stood higher at 69.37. Those readings kept PUMP near stronger buying territory without crossing the marked 73.04 threshold. A sustainable move through the $0.003128 level would reinforce the channel and open the way to higher prices.
However, losing the $0.002656 level would weaken the structure and leave $0.002262 as the next major level of support.
Source: TradingView Overhead liquidity could pull PUMP higher Liquidation positioning added another bullish factor since liquidity was heavily skewed to the upside of PUMP’s current market price. The Liquidation Heatmap showed significant liquidations around $0.00300 and close to $0.003150.
Contrastingly, liquidity at $0.002895 was relatively low with a significantly lower downside concentration. Therefore, the liquidation map created a stronger overhead liquidity imbalance than the structure below price.
A renewed price advance could draw prices toward those upper concentrations as leveraged positions faced increasing pressure. The $0.003150 area was also very close to the chart’s $0.003128 resistance, further reinforcing the significance of the $0.0031 area.
However, buyers would first need to reclaim the $0.00300 level convincingly and sustain pressure around the resistance zone. Success there would likely fuel the liquidation-driven activity and help bolster the whale-driven demand already fueling PUMP.
Source: CoinGlass Final Summary PUMP’s $6 million whale long and spot outflows keep buyers firmly positioned. Holding $0.002852 could support another push toward $0.003128 and $0.003150.
Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million. Network data shows that Total Value Locked (TVL) has hit a record high of 3.34 million SOL, indicating a steady rise in user adoption.
The technical outlook for PUMP is mildly bullish amid elevated buying pressure and increasing odds of a Golden Cross pattern.
Retail speculation is on the risePump.fun regains retail strength, supporting its more than 40% rise so far this month. CoinGlass data shows the PUMP futures Open Interest (OI) is at its all-time high of $258.62 million, up from $216.74 million the previous day, indicating a surge in positional buildup. Typically, a surge in the notional value of the active perpetual contracts amid an upside recovery implies a bullish bias among traders.
Corroborating the buy-side dominance, the funding rate is at 0.039%, up from -0.0036% the previous day, suggesting a shift among buyers toward long positions.
PUMP derivatives data. Source: CoinGlassPump.fun TVL hits record high driven by activity and revenue growthPump.fun continues to see steady growth in user adoption, driving revenue growth. DeFiLlama data shows that the PUMP TVL has increased to 3.34 million SOL, with user deposits continuing to rise steadily. At the same time, the protocol collected 23,706 SOL in revenue on Tuesday, bringing the weekly total to over 47,500 SOL so far. The collected revenue was 151,929 SOL last week, the highest in the last 18 months.
Similarly, active addresses surged to 81,429 last week, from 74,438 the previous one, reaffirming increased user demand.
PUMP network metrics. Source: DeFiLlamaTechnical outlook: Will PUMP extend its gains?Pump.fun is trading above $0.00300 at press time on Wednesday, extending a bullish near‑term bias as price holds above both the 50-day and 200-day Exponential Moving Averages (EMAs) at $0.002214 and $0.00227, respectively. In addition, the EMAs are on the verge of forming a Golden Cross, which could signal a bullish trend reversal.
Momentum on the daily chart suggests firm buying pressure, as the Relative Strength Index (RSI) near 68 suggests strong but slightly stretched upside momentum. At the same time, the Moving Average Convergence Divergence (MACD) hovers above the signal line, showing steady bullish momentum.
Looking up, the immediate resistance for PUMP aligns with the December 3 high of $0.003399. A decisive close above this level could stage a larger uptrend for PUMP.
PUMP/USDT daily price chart.On the downside, initial support is seen at the 200-day EMA at $0.002227, reinforced by the 50-day EMA around $0.002214.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Noah Tweedale has a problem with crypto’s oldest assumption. The Pump.fun co-founder told Crypto Insider in an interview published August 8 that he is a ‘massive bear’ on decentralization, according to the original report. His reasoning has little to do with block production or validator counts. It is a product argument: the internet’s biggest winners controlled the full stack and delivered clean user experiences, not neutral infrastructure.
The statement matters because Pump.fun has become one of the most recognizable consumer products on Solana. Tweedale said the Pump Foundation is focused solely on user experience. In his view, users do not ask whether a chain is decentralized when the interface works, slippage is tolerable, and settlement feels immediate. That framing separates the memecoin launchpad from protocol teams that still pitch decentralization as the primary value.
A direct challenge to Ethereum’s approach Tweedale used Solana as the proof. He argued that on-chain activity migrated to the relatively centralized Solana because Ethereum’s user experience remains poor. The comment is less a technical verdict than a market observation. Memecoin traders and new entrants tend to care about gas costs, speed, and interface friction, not whether a network meets a particular threshold of validator diversity. That behavior shows up in developer activity too. Solana and Ethereum continue to feature among the leaders in developer engagement, as tracked in Top 10 Blockchains by Developer Activity This Week.
The argument is not new. Full-stack control has been a reliable playbook in Web2. The difference now is that an influential crypto founder is saying it openly from inside the industry while much of the sector still markets itself around decentralization as a moral and technical requirement.
What full-stack thinking means for crypto products If Tweedale is right, the next wave of consumer crypto may reward teams that optimize onboarding, custody, and execution before optimizing node distribution. That does not mean decentralization disappears. It becomes a back-end property, or a regulatory checkbox, rather than the reason a user chooses one application over another.
The comment also separates product culture from protocol culture. Pump.fun is not positioning itself as neutral infrastructure. It is positioning itself as a controlled consumer destination. That distinction matters for token holders, competitors, and regulators. A controlled product can move faster, but it also absorbs obligations and liabilities that neutral protocols can argue they do not have.
Still, infrastructure teams are not abandoning the decentralized pitch. Builders continue to package decentralized computing for Web3 applications, as seen in UXLINK and Origins Network’s decentralized computing partnership. That work may remain invisible to end users, which fits Tweedale’s point about what consumers actually prioritize.
Regulatory and unresolved questions Tweedale’s position collides with a live policy fight. Regulators and lawyers continue to debate how decentralized a network must be to avoid securities treatment. If more founders adopt a full-stack, user-experience-first framing, enforcement agencies may find it easier to treat token platforms as ordinary centralized businesses. The stakes of that shift have already been visible in the struggle over a major US crypto bill, where banking groups pushed for changes just before a Senate vote, as covered in Banks Are Trying to Kill the Biggest Crypto Bill in US History Four Days Before the Senate Vote.
The key uncertainty is whether Pump.fun’s model can hold without a decentralization narrative. It has grown on activity rather than ideology. But if the product faces legal pressure or platform-level restrictions, the absence of a decentralization story could narrow its defenses. Users may not care about that risk until enforcement arrives.
Another open question is whether Solana remains the right example. Tweedale calls it relatively centralized, yet its architecture still depends on a validator set and client diversity in ways that differ from traditional web infrastructure. The real test will come in the next market cycle, when the gap between polished user experience and verifiable neutrality becomes harder to ignore.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Riot Platforms sold 9,665 $BTC worth $732.46M in first half 2026
Riot Platforms(@RiotPlatforms) keeps selling $BTC. In the first half of 2026, Riot Platforms sold a total of 9,665 $BTC ($732.46M) at an average price of $75,785.
34 minutes ago
Riot Platforms Sold 9,665 Bitcoins in the First Half of the Year
According to monitoring by Lookonchain, Riot Platforms sold a total of 9,665 Bitcoin in the first half of 2026, with an average selling price of $75,785.
34 minutes ago
Bank of America Securities raises Zijin Gold International’s target price to HK$150, reiterates "Buy" rating.
BofA Securities released a report stating that Zijin Gold International’s first-half net profit reached $1.45 billion, slightly exceeding its profit forecast of around $1.4 billion. The company also declared its first interim dividend, with the broker raising its target price for the stock from HK$140 to HK$150 and reaffirming a "Buy" rating. Based on year-to-date performance, the bank lifted its full-year net profit forecast for the firm by 3% to $3.1 billion, primarily reflecting lower unit cost assumptions.
34 minutes ago
A whale liquidated its entire holdings of 518 million PUMP tokens, incurring a $580,000 loss after 10 months of holding.
According to YuEmber Monitoring, a crypto whale spent 2 million USDC to acquire 518 million PUMP tokens last October. One hour ago, the whale liquidated all its PUMP holdings at an average price of $0.00274, converting the proceeds to $1.42 million worth of SOL, incurring a loss of $580,000.
34 minutes ago
Firmly bearish whale incurs over $1.567 million in losses after voluntarily reducing their position, yet still gets liquidated.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale holding $125 million in Bitcoin short positions (firmly bearish on BTC) voluntarily cut its position by 1,200 BTC in the early hours of today, resulting in a $344,000 loss. The whale was subsequently liquidated for 288 BTC, adding another $245,000 in losses. Since opening the position on August 5, it has suffered a total substantial loss of over $1.567 million. It currently still holds 512 BTC in short positions, with an unrealized loss of $338,000.
34 minutes ago
Hong Kong-listed "two giants of large models" fall, Zhipu AI down over 10%.
According to Bitget market data, Hong Kong-listed "two giants of large models" declined, with Zhipu falling over 10% and MINIMAX-W dropping more than 8%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana is facing fresh questions over the quality of its leading applications after Curve Finance founder Michael Egorov criticized Pump.fun and Phantom wallet. While Solana continues to attract strong retail activity, the comments have renewed debate around memecoin risks, wallet usability and the responsibility of permissionless platforms.
In the meanwhile, Pump.fun continues to generate strong revenue, while legal disputes and alleged MEV activity add further pressure around the platform.
Egorov Questions Pump.fun and PhantomCurve Finance founder Michael Egorov criticized Pump.fun, describing the Solana-based memecoin launchpad as a “casino of scams” because of the large number of speculative and potentially fraudulent tokens created through the platform.
Ser, wtf. https://t.co/nPJA6XNvDE is a casino of scams called memecoins. Phantom wallet barely works (I had very bad experience trying to connect it to hw wallet – it worked at the end but UX was worse than Metamask).
Solana DOES does ecosystem support very well, but best…
— Michael Egorov (@newmichwill) August 16, 2026 He also raised concerns about Phantom’s hardware-wallet experience, saying that connecting the wallet was considerably more difficult than using MetaMask.
Egorov acknowledged that the Solana Foundation has provided strong support to its ecosystem but argued that some of its leading applications do not match the strength of the underlying network.
Tomi204 Defends the EcosystemClawPump co-founder Tomi204 pushed back against the criticism and offered a different view.
pump fun just provides a service, people use it however they want, that’s the free market. Lots of things in crypto are a casino, even on Ethereum – the truth is the memecoin market exists and pump fun dominates it; if it didn’t exist, someone else would be doing the same thing.…
— tomi204 (@tomi204) August 16, 2026 His main points were:
Pump.fun provides infrastructure, while users decide how they use it.Scam tokens are partly a result of permissionless markets and user behavior.Memecoin trading has genuine demand and cannot simply be ignored.Phantom remains a strong option for average users because of its simple mobile and Web3 experience.Advanced hardware-wallet functions may be more relevant to experienced users.The exchange highlights a wider question over whether platforms should be judged by how users operate them or by the risks created through their design.
Pump.fun Revenue Keeps GrowingDespite the criticism, Pump.fun continues to attract substantial trading activity.
The platform has reportedly:
Generated around $12 million in weekly revenue.Become the third-highest-earning crypto protocol, behind Tether and Circle.Crossed $1.2 billion in cumulative revenue since early 2024.Earned money through token trading fees, graduation fees and PumpSwap.The figures underline the scale of retail demand for memecoin trading on Solana.
Legal and MEV Concerns RemainPump.fun is also dealing with several external challenges.
Class-action lawsuits and federal racketeering allegations have accused the platform of operating like an “illegal digital casino.”
Court filings reportedly included internal messages from co-founder Alon Cohen acknowledging that most traders lose money on low-market-cap tokens.
A separate whistleblower leak involving more than 5,000 private chats reportedly detailed alleged insider activity and MEV bots extracting liquidity from retail traders through automated bonding-curve strategies.
For Solana, the debate now extends beyond network speed and low fees. The quality of applications, user protection, wallet experience and market integrity could become equally important as the ecosystem continues to expand.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
A platform that lets anyone launch a memecoin in under two minutes is now the third highest-earning protocol across all of crypto. Pump.fun pulled in roughly $12 million in 7-day revenue, according to DefiLlama data, placing it behind only Tether at $111.88 million and Circle at $44.45 million.
The numbers behind the memecoin machine Pump.fun’s revenue engine is surprisingly straightforward. The Solana-based launchpad charges fees on bonding-curve trades for newly created tokens, collects graduation fees when those tokens migrate to decentralized exchanges, and earns additional income from PumpSwap, its companion trading product.
Over the past 24 hours, the platform generated $1.62 million in fees. Its 30-day revenue figure sits at $40.51 million, suggesting the current pace is roughly in line with recent performance rather than an anomalous spike.
Advertisement
Since launching in early 2024, Pump.fun has cumulatively earned over $1.2 billion in total revenue. Half of that revenue feeds directly into a buyback-and-burn program for PUMP, the platform’s native token. The mechanism works like a corporate stock buyback: the protocol uses 50% of its fee income to purchase PUMP tokens on the open market and permanently destroy them, reducing total supply over time.
Why a memecoin factory is out-earning DeFi blue chips Hyperliquid, the perpetual DEX that has been one of the breakout stories of 2024-2025, has consistently ranked behind Pump.fun during periods of elevated memecoin trading.
The comparison to Tether and Circle is instructive in another way. Stablecoin issuers earn revenue primarily from the yield on their reserve assets, essentially profiting from US Treasury rates applied to tens of billions in deposits. Their revenue is a function of macroeconomic conditions and the size of their float. Pump.fun’s revenue, by contrast, is a pure function of on-chain trading activity.
What this ranking signals for the broader market The platform’s $1.2 billion in cumulative revenue didn’t materialize from a single mania cycle. It accumulated across multiple waves of memecoin enthusiasm throughout 2024 and into 2025.
For Solana specifically, Pump.fun’s dominance reinforces the chain’s position as the preferred home for retail-driven crypto activity. The low transaction costs and fast finality that Solana offers are precisely the features that make rapid-fire memecoin trading viable.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to monitoring by EmberCN, the monthly unlock of tokens held by the Pump.fun team and investors was completed 5 hours ago, releasing a total of 4.94 billion PUMP tokens valued at approximately $13.6 million. Data shows the unlocked tokens were subsequently distributed to 125 wallet addresses. It remains unclear whether the related wallets will sell the tokens on the market, but large-scale unlocks typically increase short-term circulating supply pressure, and the market will closely monitor subsequent fund movements.
Relevant content
ABFinance officially announced it will shut down in approximately five months and is currently initiating an orderly liquidation.
Crypto finance platform ABFinance, founded by former Bybit co-CEO Helen Liu, announced it will not proceed with its planned launch and is now in the process of orderly shutdown. ABFinance stated on social media that it thanks all team members, community users, and partners involved in its development, adding: "Thank you for your trust, support, and belief along the way." In March this year, after leaving Bybit, Helen Liu announced the launch of her startup ABFinance, which aimed to build a one-stop financial platform connecting fiat and crypto assets, integrating functions such as deposits, yields, trading, and payments, and emphasized that it would be built under the U.S. compliance license framework from day one. According to prior reports, Bybit announced that Helen Liu would step down on April 30, 2026, to embark on her personal entrepreneurial journey. However, just about five months after ABFinance unveiled its project plan, the platform announced it would halt its launch and enter the shutdown process. The specific reason for the shutdown has not been disclosed by officials so far.
21 minutes ago
Morgan Stanley’s holdings of Circle surged nearly sixfold, but the firm cut its rating on the crypto firm to "Underweight" and lowered its target price to $38.
Morgan Stanley downgraded Circle (CRCL) stock rating from "Hold" to "Underweight" on August 3, slashing its price target from $106 to $38. Analysts attributed the rating cut primarily to the contraction in USDC circulation, which exposed Circle’s high sensitivity to reserve-related revenue. Meanwhile, the company’s business structure is shifting toward a transaction-based revenue model with lower profit margins. The report also cut Circle’s USDC size forecasts for 2027 and 2028 by approximately 33% and 44% respectively, and projected the company’s GAAP earnings per share (EPS) to be about 3% and 20% lower than market consensus. However, Morgan Stanley’s latest filed 13F document shows that as of June 30, its holdings of Circle shares surged from around 1.46 million to 8.32 million, marking a clear position increase in the second quarter. This means that while Morgan Stanley publicly downgraded Circle’s rating and price target in early August, signaling a cautious outlook, its disclosed holdings as of the end of Q2 showed a significant position increase. It should be noted that 13F filings reflect holdings as of June 30, and cannot reflect whether positions were adjusted before or after the August rating cut. The market’s focus centers on the stark contrast between the institutional research view and the historical holdings disclosure.
21 minutes ago
Binance Research: Gen Z Prefers ETFs, With Lower Trading Frequency and Leverage Usage Than Other Age Groups
Binance Research data shows that Gen Z investors are gradually shifting to long-term asset allocation tools like ETFs, with lower trading frequency and weaker leverage preference compared to Millennials, Gen X, and Baby Boomers. In early August, ETFs accounted for 25% of Gen Z's stock trading volume. In July, ETFs made up 21.9% of Gen Z's net inflows into stocks, up from 18.5% in June; over the same period, the share of individual stock investments dropped from 77% to 74.2%. Binance Research analyzed trading activities including direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows Gen Z's trading activity across these three asset classes is lower than that of other working-age groups. Specifically, Gen Z's traditional financial perpetual contract accounts average 13 trades per month, lower than Millennials' 17 and Gen X's 16.5. Among direct stock accounts, 22% of Gen Z users have never sold any stocks, higher than Gen X's 19% and Baby Boomers' 9%. For Gen Z accounts where stocks were purchased but never sold, the top assets by cumulative purchase amount include Broadcom, Tesla, and the Charles Schwab U.S. Dividend Equity ETF. In terms of leveraged products, Gen Z exhibits a lower risk appetite. Data shows 88.2% of Gen Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than Millennials' 84.5% and Gen X's 85.9%. Additionally, the tokenized stock market continues to expand. Data shows Binance's bStocks recently briefly surpassed Kraken's xStocks to become the world's second-largest tokenized stock issuance platform. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks stand at around $611 million and $580 million respectively.
21 minutes ago
Serenity responds to "going to zero" rumors by sharing a screenshot, with its year-to-date return standing at 2411.84%.
Serenity released a statement accompanied by photos to address recent market rumors that his trading account has "gone to zero", calling the claims "too exaggerated". He added that despite the sharp correction in the AI sector in July, his year-to-date (YTD) return still stands at 2411.84%. Earlier, Serenity had publicly stated that the slump in AI-related stocks in July led to a roughly 49.4% drawdown in his portfolio at one time, with his positions mainly concentrated in key segments of AI infrastructure—including high-volatility sectors such as storage, optical communications, robotics, and upstream semiconductors. Serenity has long focused on "bottleneck segments" within the AI industrial chain, has conducted multiple researches on memory, photonics, CPO, and semiconductor supply chains, and has drawn market attention for his bets on AI infrastructure-related assets.
21 minutes ago
Talks between Stripe and Advent to acquire PayPal are heating up, with the potential deal valued at up to $53 billion.
Payment giant PayPal’s acquisition talks with Stripe and private equity firm Advent Global Opportunities are heating up, with a potential deal to be finalized in the coming weeks. Back in July, Stripe and Advent proposed acquiring PayPal at $60.50 per share, valuing the deal at roughly $53 billion, but PayPal rejected the offer at the time. However, sources familiar with the matter revealed that negotiations have not broken off and are still ongoing. Neither PayPal nor Stripe has confirmed the reports. PayPal declined to comment, while Stripe said it does not respond to market rumors or speculation. The potential sale comes as PayPal seeks to reverse its growth struggles. Since PayPal CEO Enrique Lores took office in March this year, he has rolled out a restructuring plan splitting the business into three segments: checkout and PayPal core services, consumer financial services (including Venmo), and payment services and crypto operations. Lores has stated that PayPal will return to its identity as a technology company and strengthen its core payment capabilities. Meanwhile, the company plans to boost efficiency through cost cuts, with an estimated 20% workforce reduction over the next two to three years. Founded in 1998, PayPal’s founding team includes Silicon Valley figures such as Peter Thiel, Elon Musk, and Max Levchin. The company grew rapidly during the pandemic due to the e-commerce boom, but has faced challenges including slowing growth and downward pressure on its stock price in recent years. If the deal is completed, it will be one of the largest acquisitions in the fintech industry in recent years.
21 minutes ago
Duan Yongping has bet on SpaceX for about 20 days, with paper gains exceeding $5.4 million.
According to public information from Xueqiu platform, Duan Yongping recently participated in SpaceX (SPCX) via two transactions: options and common stock. On July 24, he sold 1,000 SPCX put options expiring on December 18, 2026, with a strike price of $115, at a transaction price of approximately $23.26, corresponding to a premium of about $2.326 million. Then, on August 5, Duan Yongping bought 100,000 SPCX shares at a cost of roughly $108.68 per share. Based on SpaceX’s latest closing price of $140, this long stock position has an unrealized gain of around $3.132 million. Combined, Duan Yongping’s round of SpaceX trades has generated an unrealized profit of approximately $5.458 million in about 20 days. However, it should be noted that although the premium from selling the put option has been credited, the option has not yet expired. If SPCX subsequently falls below $115 and is exercised, he will still be obligated to take delivery of the shares at the strike price. SPCX has been highly volatile recently: after its June listing, the stock once surged to above $200, then dropped back to around $105. In August, as the impact of the first batch of restricted stock unlocks was weaker than expected and market risk appetite recovered, the stock price rebounded to the $140 level. As a result, Duan Yongping’s current trade has evolved from "selling puts to collect premiums" to a staged high-probability trade.
According to HTX market data, PUMP has gained 19.65% over the past seven days and 66.57% over the past 30 days, with its market capitalization now standing at $1.665 billion. This morning, the monthly unlock of tokens held by the Pump.fun team and its investors was completed, releasing a total of 4.94 billion PUMP tokens valued at approximately $13.6 million. The unlocked tokens were subsequently distributed to 125 wallet addresses.
Relevant content
ABFinance officially announced it will shut down in approximately five months and is currently initiating an orderly liquidation.
Crypto finance platform ABFinance, founded by former Bybit co-CEO Helen Liu, announced it will not proceed with its planned launch and is now in the process of orderly shutdown. ABFinance stated on social media that it thanks all team members, community users, and partners involved in its development, adding: "Thank you for your trust, support, and belief along the way." In March this year, after leaving Bybit, Helen Liu announced the launch of her startup ABFinance, which aimed to build a one-stop financial platform connecting fiat and crypto assets, integrating functions such as deposits, yields, trading, and payments, and emphasized that it would be built under the U.S. compliance license framework from day one. According to prior reports, Bybit announced that Helen Liu would step down on April 30, 2026, to embark on her personal entrepreneurial journey. However, just about five months after ABFinance unveiled its project plan, the platform announced it would halt its launch and enter the shutdown process. The specific reason for the shutdown has not been disclosed by officials so far.
21 minutes ago
Morgan Stanley’s holdings of Circle surged nearly sixfold, but the firm cut its rating on the crypto firm to "Underweight" and lowered its target price to $38.
Morgan Stanley downgraded Circle (CRCL) stock rating from "Hold" to "Underweight" on August 3, slashing its price target from $106 to $38. Analysts attributed the rating cut primarily to the contraction in USDC circulation, which exposed Circle’s high sensitivity to reserve-related revenue. Meanwhile, the company’s business structure is shifting toward a transaction-based revenue model with lower profit margins. The report also cut Circle’s USDC size forecasts for 2027 and 2028 by approximately 33% and 44% respectively, and projected the company’s GAAP earnings per share (EPS) to be about 3% and 20% lower than market consensus.
However, Morgan Stanley’s latest filed 13F document shows that as of June 30, its holdings of Circle shares surged from around 1.46 million to 8.32 million, marking a clear position increase in the second quarter. This means that while Morgan Stanley publicly downgraded Circle’s rating and price target in early August, signaling a cautious outlook, its disclosed holdings as of the end of Q2 showed a significant position increase. It should be noted that 13F filings reflect holdings as of June 30, and cannot reflect whether positions were adjusted before or after the August rating cut. The market’s focus centers on the stark contrast between the institutional research view and the historical holdings disclosure.
21 minutes ago
Binance Research: Gen Z Prefers ETFs, With Lower Trading Frequency and Leverage Usage Than Other Age Groups
Binance Research data shows that Gen Z investors are gradually shifting to long-term asset allocation tools like ETFs, with lower trading frequency and weaker leverage preference compared to Millennials, Gen X, and Baby Boomers. In early August, ETFs accounted for 25% of Gen Z's stock trading volume. In July, ETFs made up 21.9% of Gen Z's net inflows into stocks, up from 18.5% in June; over the same period, the share of individual stock investments dropped from 77% to 74.2%.
Binance Research analyzed trading activities including direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows Gen Z's trading activity across these three asset classes is lower than that of other working-age groups. Specifically, Gen Z's traditional financial perpetual contract accounts average 13 trades per month, lower than Millennials' 17 and Gen X's 16.5. Among direct stock accounts, 22% of Gen Z users have never sold any stocks, higher than Gen X's 19% and Baby Boomers' 9%. For Gen Z accounts where stocks were purchased but never sold, the top assets by cumulative purchase amount include Broadcom, Tesla, and the Charles Schwab U.S. Dividend Equity ETF.
In terms of leveraged products, Gen Z exhibits a lower risk appetite. Data shows 88.2% of Gen Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than Millennials' 84.5% and Gen X's 85.9%.
Additionally, the tokenized stock market continues to expand. Data shows Binance's bStocks recently briefly surpassed Kraken's xStocks to become the world's second-largest tokenized stock issuance platform. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks stand at around $611 million and $580 million respectively.
21 minutes ago
Serenity responds to "going to zero" rumors by sharing a screenshot, with its year-to-date return standing at 2411.84%.
Serenity released a statement accompanied by photos to address recent market rumors that his trading account has "gone to zero", calling the claims "too exaggerated". He added that despite the sharp correction in the AI sector in July, his year-to-date (YTD) return still stands at 2411.84%. Earlier, Serenity had publicly stated that the slump in AI-related stocks in July led to a roughly 49.4% drawdown in his portfolio at one time, with his positions mainly concentrated in key segments of AI infrastructure—including high-volatility sectors such as storage, optical communications, robotics, and upstream semiconductors. Serenity has long focused on "bottleneck segments" within the AI industrial chain, has conducted multiple researches on memory, photonics, CPO, and semiconductor supply chains, and has drawn market attention for his bets on AI infrastructure-related assets.
21 minutes ago
Talks between Stripe and Advent to acquire PayPal are heating up, with the potential deal valued at up to $53 billion.
Payment giant PayPal’s acquisition talks with Stripe and private equity firm Advent Global Opportunities are heating up, with a potential deal to be finalized in the coming weeks. Back in July, Stripe and Advent proposed acquiring PayPal at $60.50 per share, valuing the deal at roughly $53 billion, but PayPal rejected the offer at the time. However, sources familiar with the matter revealed that negotiations have not broken off and are still ongoing. Neither PayPal nor Stripe has confirmed the reports. PayPal declined to comment, while Stripe said it does not respond to market rumors or speculation.
The potential sale comes as PayPal seeks to reverse its growth struggles. Since PayPal CEO Enrique Lores took office in March this year, he has rolled out a restructuring plan splitting the business into three segments: checkout and PayPal core services, consumer financial services (including Venmo), and payment services and crypto operations. Lores has stated that PayPal will return to its identity as a technology company and strengthen its core payment capabilities. Meanwhile, the company plans to boost efficiency through cost cuts, with an estimated 20% workforce reduction over the next two to three years.
Founded in 1998, PayPal’s founding team includes Silicon Valley figures such as Peter Thiel, Elon Musk, and Max Levchin. The company grew rapidly during the pandemic due to the e-commerce boom, but has faced challenges including slowing growth and downward pressure on its stock price in recent years. If the deal is completed, it will be one of the largest acquisitions in the fintech industry in recent years.
21 minutes ago
Duan Yongping has bet on SpaceX for about 20 days, with paper gains exceeding $5.4 million.
According to public information from Xueqiu platform, Duan Yongping recently participated in SpaceX (SPCX) via two transactions: options and common stock. On July 24, he sold 1,000 SPCX put options expiring on December 18, 2026, with a strike price of $115, at a transaction price of approximately $23.26, corresponding to a premium of about $2.326 million. Then, on August 5, Duan Yongping bought 100,000 SPCX shares at a cost of roughly $108.68 per share. Based on SpaceX’s latest closing price of $140, this long stock position has an unrealized gain of around $3.132 million. Combined, Duan Yongping’s round of SpaceX trades has generated an unrealized profit of approximately $5.458 million in about 20 days.
However, it should be noted that although the premium from selling the put option has been credited, the option has not yet expired. If SPCX subsequently falls below $115 and is exercised, he will still be obligated to take delivery of the shares at the strike price. SPCX has been highly volatile recently: after its June listing, the stock once surged to above $200, then dropped back to around $105. In August, as the impact of the first batch of restricted stock unlocks was weaker than expected and market risk appetite recovered, the stock price rebounded to the $140 level. As a result, Duan Yongping’s current trade has evolved from "selling puts to collect premiums" to a staged high-probability trade.
The PUMP price is hovering near $0.0029. Pump.fun’s broader market is in a long-term uptrend. As of August 14, Pump.fun (PUMP) has registered a 5% surge in value. Over the last seven days, the asset has jumped 26%, making a notable gain. It might close the week on a positive note as bulls dictate the price direction. If the bears enter the PUMP market, the charts might flip the sentiment.
Also, the technical setup remains bullish, with the asset continuing to trade within the uptrend. The current price alignment confirms that buyers are dominating the broader market trend of PUMP. If the buyers turn stronger, the momentum gains more traction and triggers a rally.
Moreover, at press time, the asset is trading near the $0.002912 mark. The 24-hour range of the price falls between $0.002737 – $0.002984. Notably, the market cap for PUMP is found at $1.15 billion, with its daily trading volume positioned at around $102.65 million.
The Key Support and Resistance Levels of PUMP
The short-term price pattern depends on a few important upcoming ranges. The first recovery level of PUMP is likely at $0.002924. A stronger move above $0.002940 confirms that the buyers are gaining complete control. With the next resistance levels sitting even higher, they are likely to be broken.
On the flip side, PUMP’s nearest support range might be at the $0.002900 threshold. If a deeper downside correction occurs, the level below $0.002888 acts as a crucial areas that decide whether the price should stabilise or continue to retrace along with the formation of the death cross.
Will PUMP’s Technical Setup Point to More Upside? The 4-hour chart shows the Moving Average Convergence Divergence (MACD) line is above the signal line, hinting that short-term buying pressure is outpacing the longer-term average. As both lines are above zero, the broader market is firmly in a long-term uptrend.
Overall momentum is completely controlled by buyers. Furthermore, the short-term and the long-term trend are working together to drive prices higher. The path of least resistance is firmly up, reflecting high conviction and strength from buyers.
In addition, the daily Relative Strength Index (RSI) is resting at around 62.47, indicating strong bullish momentum with buyers firmly in control of the trend. It is sitting over the neutral 50 line, confirming that buying power is clearly outstripping selling pressure.
The value remains under the traditional 70 overbought threshold; the price move is strong without being overextended yet. Significantly, PUMP is moving upward with healthy conviction and still has runway left before becoming overheated.
Crypto Market Highlights
Metaplanet Transfers 5,014 BTC Between Custody Addresses, CEO Denies Sale
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
PANews reported on August 14 that according to SoSoValue data, crypto market sectors were mixed, with the DeFi sector standing out, rising 1.04%. Among them, Hyperliquid (HYPE) rose 1.74%, and Chainlink (LINK) rose 2.42%; the Meme sector rose 0.70% over 24 hours, with Fartcoin (FARTCOIN) up 9.04% and Pump.fun (PUMP) up 8.76%.
In other sectors, the PayFi sector rose 0.40%, with eCash (XEC) up 1.56%; the Layer1 sector rose 0.20%, with Cosmos Hub (ATOM) up 8.71%.
In addition, the CeFi sector fell 0.07%, but Cronos (CRO) was relatively resilient, rising 1.07%; the Layer2 sector fell 0.97%, while Optimism (OP) rose 4.11%.
Crypto sector indices reflecting historical sector performance showed that the ssiAI, ssiDeFi, and ssiMeme indices rose 1.93%, 1.29%, and 1.28%, respectively.
Bitwise Chief Investment Officer @Matt_Hougan has published a memo arguing that protocol revenue is becoming the primary driver of token value across crypto, and that markets have not yet priced in the shift.
How Protocols Are Returning Revenue to Tokens
Hyperliquid is the headline example.
Uniswap followed a different path.
Pump.fun has also made significant progress on supply reduction.
A Structural Shift, With Caveats
The argument is not without its limits, however. Buyback and burn programs are not legally binding distributions, and burn rates remain closely tied to trading volumes that can move sharply with broader market sentiment.
Still, the direction of travel is becoming clearer.
Sources:
Crypto.news: Bitwise CIO sees crypto valuations doubling on token revenue
The Crypto Times: Why Bitwise CIO Thinks Crypto Prices Are Too Low as Buybacks Expand
CoinDesk: Uniswap UNIfication Proposal Backed Overwhelmingly by Voters
Pump.fun’s PUMP token climbed 27% from its Aug. 8 low as record weekly fees strengthened its buyback-and-burn program, while buyers absorbed volatility around a 6.875 billion-token unlock.
Summary
PUMP price rose from about $0.0022 to $0.0028 between Aug. 8 and Aug. 13. Pump.fun generated $10.03 million in weekly fees as ecosystem volume reached $2.97 billion. The platform bought and burned 2.15 billion PUMP worth $5.02 million during the week. Daily RSI reached 73.12, leaving the rally vulnerable to short-term profit-taking. PUMP price holds near $0.0028 after 27% rally According to data from crypto.news, PUMP price traded near $0.00279 on Aug. 13 after rising from approximately $0.0022 on Aug. 8. The token briefly reached an intraday high of $0.002895 before buyers and sellers settled around the $0.0028 area.
The move gave PUMP a gain of roughly 27% over five days, even after the token encountered profit-taking near $0.0029. Its Aug. 13 daily candle remained 1.34% higher at the time the chart was captured.
Price action over the past month shows a wider trend reversal. PUMP recovered from a June low near $0.0012 and broke above a series of lower highs that had controlled the market since February.
PUMP price daily chart — Aug. 13 | Source: crypto.news The token has now moved above its 20-, 50-, 100-, and 200-day simple moving averages. The 20-day average sits at $0.002288, while the other three averages are grouped between $0.001779 and $0.001875.
Trading above all four levels indicates that buyers control both the short- and medium-term trend. However, the large distance between PUMP and its 20-day average also shows that the rally has become extended.
The daily relative strength index reached 73.12, above the commonly watched overbought threshold of 70. The RSI average is lower at 68.08, showing that momentum remains positive but increases the chance of consolidation or a temporary pullback.
Buybacks support PUMP despite scheduled supply increase Pump.fun’s fee growth provided the main fundamental support for the rally. The Solana-based token launch platform generated $10.03 million in fees between Aug. 3 and Aug. 9, according to data previously reported by crypto.news.
Ecosystem trading volume reached $2.97 billion during the same period, its highest level since late January. The figure was not an all-time high, but it showed a strong recovery in activity across Pump.fun and its related trading products.
Under Pump.fun’s current token model, half of the protocol fees are used to purchase PUMP from the open market and burn the acquired tokens. The project’s token page confirms that 50% of protocol fees fund the program.
The latest weekly allocation resulted in $5.02 million of purchases and the removal of 2.15 billion PUMP from circulation. Regular market purchases provide a recurring source of spot demand, while burning the tokens prevents them from returning to circulation.
However, PUMP also faced a larger scheduled supply event. DefiLlama’s unlock schedule showed 6.875 billion tokens becoming available on Aug. 12, including 4.167 billion assigned to the team and 2.708 billion for existing investors.
The unlocked amount represented about 1.75% of the circulating supply and was worth approximately $19.2 million at the prevailing price. An unlock does not prove that holders sold their tokens, but it increases the amount that could enter the market.
PUMP’s ability to remain near $0.0028 after the event suggests that available demand has so far prevented a deeper reversal. Still, future transfers from team or investor wallets could create additional pressure if recipients move substantial amounts to exchanges.
PUMP technical setup points to $0.003 resistance The 4-hour chart shows PUMP consolidating after its latest advance rather than immediately surrendering the breakout. Price remains above the Bollinger Band midpoint at $0.002757, with the lower band at $0.002667.
PUMP price 4-hour chart — Aug. 13 | Source: crypto.news The upper band stands at $0.002848, close to the latest intraday high. A 4-hour close above that band would put the $0.0029–$0.0030 area back in focus.
The $0.0030 level carries both technical and psychological importance. It sits near the upper end of the latest price range and could attract selling from traders who entered during the July recovery.
The Awesome Oscillator remains positive at 0.000117, confirming that short-term momentum favors buyers. Its histogram has weakened from the Aug. 11 peak; however, indicating that the rate of price acceleration is slowing.
Immediate support sits around $0.00275, where the 4-hour Bollinger midpoint is located. A loss of that level could send PUMP toward the lower band at $0.00267.
A deeper correction would bring $0.0025 into view. That area previously acted as resistance and could now serve as breakout support. Holding above it would preserve the wider sequence of higher highs and higher lows.
Liquidation clusters could increase PUMP volatility CoinGlass’ 24-hour liquidation heatmap shows leverage building on both sides of the current price.
PUMP liquidation chart | Source: CoinGlass The nearest overhead clusters appear between approximately $0.00282 and $0.00290. A breakthrough at $0.00285 could force short sellers to close positions, adding market buy orders and accelerating a move toward $0.0030.
Larger downside liquidity is visible around $0.00271–$0.00273, with another concentration near $0.00264. Price often moves toward areas containing dense leveraged positions, although a heatmap cannot determine which cluster will be reached first.
A drop below $0.00275 could therefore produce a long-liquidation move toward $0.00270. The stronger bullish structure would only face material damage if sellers push PUMP below $0.0025.
For U.S. traders, the token’s platform-specific rally is unfolding while the broader crypto market remains cautious following the July inflation report. The Bureau of Labor Statistics released the data on Aug. 12, with annual headline inflation easing to 3.4%.
PUMP’s relative strength despite restrained movement in Bitcoin suggests that buybacks and platform activity are currently carrying more weight than the wider macro backdrop. The bullish case now depends on a break above $0.0029, while an overbought daily RSI and newly unlocked supply remain the main near-term risks.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Pump.fun Rolls Out Callout Rewards Program@Pumpfun has launched Callout Rewards, a decentralized incentives program designed to pay users directly for the trading volume they help generate on the platform. The program tracks volume attributed to individual user activity, including push notifications and home feed discoveries, then distributes payouts from internal liquidity pools on a pro-rata basis.
The structure is automated and intended to run over the long term. Crucially, @Pumpfun says no additional fees will be introduced to fund it. The platform's existing zero-fee trading on $SOL trades remains in place, and its 0.2% fee on cross-chain transactions is unchanged.
The launch builds on a broader push by @Pumpfun to deepen user engagement through social and discovery tools. Callout Rewards now adds a financial layer to that mechanic, giving users a direct economic stake in the volume their alerts generate.
PUMP Token Climbs More Than 90% in 30 DaysThe feature launch coincides with a sharp rally in solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn, which has surged over 90% in the past 30 days.
The Callout Rewards program signals that @Pumpfun is leaning into social-driven volume as a core growth lever, rewarding the users who surface tokens to the widest audiences rather than just the creators who launch them.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
