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PumpBTC serves as a Liquid Staking Solution for Babylon. PumpBTC aims to help BTC holders maximize yields through Babylon's staking - essentially rebuilding $WBTC/$BTCB/$FBTC with native yield.
Ansem: PUMP can be valued based on L1 logic, bullish on pump.fun becoming a super app in this cycle.
Ansem believes pump.fun is gradually becoming L1-like underlying infrastructure, allowing other token launch platforms to build on top of it, and PUMP may eventually command a valuation logic similar to that of an L1.
Ansem: PUMP Could Be Valued Like an L1, Bullish on pump.fun Becoming a Super App This Cycle
Odaily reports: Ansem posted on X that the market has not yet fully priced in pump.fun's emergence as L1-like foundational infrastructure, on which other token issuance platforms could build directly in the future; for every ~$500 million in revenue the platform generates, token creators can receive ~$500 million in creator fees after tokens complete the bonding curve phase.He believes that with the launch of features such as custom trading pairs and Callout Rewards, PUMP may gradually be valued under L1-like logic, and he is bullish on pump.fun developing into a super app in this cycle.
Bonk Guy: PONS's annualized revenue valuation is only 40% of PUMP's; Robinhood Chain is worth watching if it continues to grow
Bonk Guy stated on the X platform that PONS's current market sentiment may be at a long-term low, and compared it with PUMP: PONS's annualized revenue is approximately $156.8 million, with a market cap of about $375 million, corresponding to an annualized revenue multiple of approximately 2.39x; PUMP's annualized revenue is approximately $463.6 million, with a market cap of about $2.7 billion, corresponding to a multiple of approximately 5.82x.Bonk Guy said that PUMP is the leading Launchpad on Solana, while PONS is the leading Launchpad on Robinhood Chain; if Robinhood Chain continues to maintain market influence in the future, he believes PONS's current valuation is worth watching.
PUMP may be undervalued in the short term, while long-term value retention remains uncertain
Odaily reports: Shaunda Devens stated that PumpFun's annualized revenue is approximately $677 million, with PUMP's price-to-sales ratio at about 2.8x, lower than comparable revenue-generating tokens; based on current revenue and price, 50% of protocol revenue is used for programmatic buybacks and burning of PUMP, equivalent to repurchasing about 17.6% of the circulating supply annually, while approximately 77% of tokens already allocated to the team and investors have not yet moved. PUMP's official documents explicitly state that the token does not represent equity in PumpFun, nor does it grant holders rights to income, profits, dividends, or cash flows; PumpFun's approximately $2 billion treasury is owned by Baton Corp, and the existing buyback arrangement will expire in April 2027. Under its base-case scenario, PUMP's valuation range is $0.0108 to $0.0205, approximately 2.3 to 4.4 times higher than the September 9 price; if business activity declines and valuations continue to contract, the price could fall by 59% to 76%.
Bonk Guy: PONS Market Cap Should Be at Least $200 Million, Robinhood Listing Might Only Be a Matter of Time
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
Analysis: PONS ranks 13th in revenue over the past 30 days, with a valuation-to-revenue ratio only about one-tenth of PUMP's
According to Odaily, Blockworks Research analyst AJC stated that over the past 30 days, PONS ranked 13th in crypto market revenue, yet its FDV/Revenue multiple stands at just 0.7x—the lowest among the top 15 tokens by revenue.For comparison, CARDS, PUMP, CAKE, AAVE, HYPE, and LINK have FDV/Revenue multiples of approximately 2.8x, 7.7x, 9.6x, 45.2x, 168.5x, and 212.2x, respectively. AJC believes that PONS' current valuation relative to its revenue level is significantly lower than that of other high-revenue protocols.
A Solana trader who has realized $8.23 million in profits deposited 300 million PUMP to Binance over 6 days
Odaily reports: According to Onchain Lens monitoring, a Solana trader who has realized $8.23 million in profits has once again deposited 100 million PUMP to Binance, worth approximately $414,000. Over the past 6 days, this trader has deposited 300 million PUMP to Binance, worth approximately $1.31 million, possibly for selling.
Crypto influencer kimchi received 1.35 billion PUMP tokens, allegedly as an endorsement fee for the platform.
According to monitoring by on-chain analytics platform Lookonchain, kimchi removed Pump.fun from their profile after two days. Over this two-day period, Pump.fun’s revenue dropped from $1.61 million to $1.35 million, a decline of approximately 16%, while the number of active addresses fell from 178,539 to 159,492, representing an approximate 11% decrease. Lookonchain noted that kimchi may have already received 1.35 billion PUMP tokens (approximately $6.25 million) in marketing fees. Data sourced from DefiLlama. It should be noted that this claim and any purported causal relationship with the platform’s data decline remain unconfirmed.
PUMP FUN transfers 129,800 SOL worth $14.06 million to Kraken
according to Onchain Lens monitoring, PUMP FUN transferred 129,800 SOL worth $14.06 million from its fee wallet to Kraken.
Rumor has it that Solana trader Kimchi, who profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours
Odaily reports: According to on-chain analyst Ai Yi, the well-known Solana trader Kimchi (Gs5F...GYeX), who is rumored to have profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours. Today, the market cap of the token sharing his name, Kimchi, briefly reached $40 million; Kimchi himself holds 75.32% of the token's total supply. Pump.fun co-founder @a1lon9 confirmed a partnership between the two parties and stated that Kimchi is helping Pump.fun shape its creative direction.
An address sold 1.264 billion PUMP in a single transaction, receiving 5.483 million USDC and losing $300K to slippage
Odaily reports: According to on-chain analyst Ember Monitoring, PUMP has dropped 16% over the past 24 hours, and one address may have contributed to today's PUMP decline. Seven hours ago, this address sold 1.264 billion PUMP in a single on-chain transaction in exchange for 5.483 million USDC, at a sale price of $0.0043. Due to selling all at once, the address incurred 5% slippage; had the sale been split into multiple transactions, it was estimated that $5.78 million could have been obtained, whereas the single transaction yielded only $5.483 million — roughly $300K less.
3 Pump.fun team or early investor wallets transferred 1.458 billion PUMP, worth $7.58 million
According to on-chain analyst Ember Monitoring, 3 Pump.fun team or early investor wallets (96HiV4...NKVWM9, ERRGqu...dukdNYa, 85WTuj...RqMD4ERS) transferred 1.458 billion PUMP to Coinbase Prime 5 hours ago, worth $7.58 million. These 3 wallets have an allocation of 70 billion PUMP, which has been unlocking since July. The 1.458 billion PUMP transferred to Coinbase Prime this time represents their unlocked amount for this month.
Pump.fun Co-founder: About $5.9 Million in PUMP Has Left Circulation Since Custom Pairs Launch, Representing 0.33% of Circulating Supply
Odaily News: Pump.fun co-founder alon posted on X platform stating that since Pump's Custom Pairs feature launched last month, approximately $5.9 million worth of PUMP has exited circulation, representing 0.33% of the current circulating supply. This mainly includes tokens locked in liquidity pools, burned tokens, and tokens held in protocol fee wallets.He noted that if PUMP-related trading pair activity maintains its current level, on an annualized basis, the amount of PUMP exiting circulation each year would be equivalent to approximately 3.35% of the current circulating supply. Additionally, he believes that as on-chain trading activity grows, Custom Pairs could bring more trading volume and buy-side demand to smaller-cap meme coins and other on-chain tokens.
Pump.fun Launches Custom Pairs, Supporting 93 Quoted Assets
Pump.fun announced the launch of its Custom Pairs feature on Wednesday, allowing creators to choose tokenized stocks, wrapped Bitcoin, Ethereum, and metals as quoted assets when issuing tokens, no longer limited to SOL and USDC trading pairs. The number of supported quoted asset pairs has now reached 93, covering tokenized Nvidia, Tesla, and S&P 500, among others. Custom Pairs has been rolled out in the token creation form, with bonding curve and PumpSwap protocol fees consistent with standard issuance, of which 50% of the revenue will flow into the PUMP buyback and burn contract.
Binance will list spot trading pairs USDC/ARS, ACE/USDC, and PUMP/U.
Binance announced that it will list the USDC/ARS, ACE/USDC, and PUMP/U spot trading pairs on August 26, 2026, at 16:00 UTC+8, and will simultaneously enable algorithmic order trading bot services for these spot trading pairs.
Ansem is bullish on PUMP, calling it undervalued, and believes it could break into the top 10 crypto assets by market cap within two years
Odaily Odaily News: Ansem posted on platform X that he is starting a trading tracking campaign around PUMP, planning to hold from the current cycle bottom all the way to the market top. Ansem stated that his initial position in $PUMP was around $0.001675, and he will now update his trading progress around $0.002544, with plans to continue tracking it to historical highs and beyond. His investment thesis mainly includes: Pump.fun is one of the top three platforms in the crypto industry by revenue, holding approximately $2 billion in cash reserves. However, due to market bias against the tokenization model, its current circulating market cap is around $1 billion, corresponding to a price-to-earnings (P/E) ratio of under 2.8x.Ansem believes that as on-chain activity continues to grow, especially with the further adoption of mobile applications, Pump.fun will be a key beneficiary. If more retail users participate in new token launches through platforms like Ansem's in the future, $PUMP could see even greater growth potential. He predicts that PUMP has a chance to enter the top 10 crypto assets by market cap within the next two years.
Binance Adjusts Collateral Rates for Multiple Assets and Updates Futures Leverage & Margin Tiers
Odaily Odaily News, according to an official announcement, Binance will update the collateral rate and tiered collateral rate for Portfolio Margin and PMPro at 2026-07-24 06:00 UTC (14:00 Beijing time). The affected assets include ALGO, PUMP, WLD, JTO, TRUMP, etc. In addition, Binance Futures will adjust the leverage and margin tiers for several USDⓈ-M perpetual contracts at 06:30 UTC (14:30 Beijing time) on the same day. The contracts include C98USDT, CHRUSDT, LQTYUSDT, NILUSDT, USUALUSDT, SPELLUSDT, ONEUSDT, AEVOUSDT, CGPTUSDT, BANKUSDT, GUNUSDT, LAUSDT, OPNUSDT, KATUSDT, STARUSDT, and ZILUSDT. The announcement reminds users that changes in collateral rates may affect the Unified Maintenance Margin Ratio (uniMMR) and could lead to a risk of position liquidation.
Pump.fun will launch a new token USDC pairing feature on May 21
Odaily Planet Daily reported that Pump.fun will launch a new token USDC pairing feature on May 21, and existing SOL-based pairings will not be affected by this change. Since its launch in January 2024, it is estimated that at least 5.07 million SOL has been locked in liquidity pools, valued at $430 million.According to on-chain data, over $382 million has been allocated for PUMP buybacks, removing 37.9% of the circulating supply from the market and offsetting 13.4% of the total supply. (solanafloor)
Related news
A Solana trader who has realized $8.23 million in profits deposited 300 million PUMP to Binance over 6 days
Odaily reports: According to Onchain Lens monitoring, a Solana trader who has realized $8.23 million in profits has once again deposited 100 million PUMP to Binance, worth approximately $414,000. Over the past 6 days, this trader has deposited 300 million PUMP to Binance, worth approximately $1.31 million, possibly for selling.
A Year in Strong Tokens: Only 3 Categories Outperformed Bitcoin, AI and Privacy Sectors Rose Against the Trend
Odaily reports: DeFi researcher Ignas published a roundup of strong tokens for the year, noting that since the start of the year only three categories of tokens—trading, AI, and privacy—have outperformed Bitcoin, among which:1. Trading-related tokens have been the most outstanding performers: DRV gained 665%, HYPE rose 200%, PUMP rose 121%, and RAY rose 106%. The rally logic for these tokens is that speculative trading generates fee revenue for the protocols, which then support token value through buyback mechanisms.2. Among AI-related tokens, VVV rose 1431%, NEAR rose 203%, and GRASS rose 151%;3. Among privacy-related tokens, ZEC rose 137% and XMR rose 37%.In addition, Ignas also mentioned QNT and MORPHO in the institutional adoption narrative, which rose 173% and 89% respectively. However, aside from the above categories, most tokens have performed poorly this year. Finding tokens with strong revenue-generating capacity is currently a relatively easy trading approach to grasp.
Crypto influencer kimchi received 1.35 billion PUMP tokens, allegedly as an endorsement fee for the platform.
According to monitoring by on-chain analytics platform Lookonchain, kimchi removed Pump.fun from their profile after two days. Over this two-day period, Pump.fun’s revenue dropped from $1.61 million to $1.35 million, a decline of approximately 16%, while the number of active addresses fell from 178,539 to 159,492, representing an approximate 11% decrease. Lookonchain noted that kimchi may have already received 1.35 billion PUMP tokens (approximately $6.25 million) in marketing fees. Data sourced from DefiLlama. It should be noted that this claim and any purported causal relationship with the platform’s data decline remain unconfirmed.
PUMP FUN transfers 129,800 SOL worth $14.06 million to Kraken
according to Onchain Lens monitoring, PUMP FUN transferred 129,800 SOL worth $14.06 million from its fee wallet to Kraken.
Rumor has it that Solana trader Kimchi, who profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours
Odaily reports: According to on-chain analyst Ai Yi, the well-known Solana trader Kimchi (Gs5F...GYeX), who is rumored to have profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours. Today, the market cap of the token sharing his name, Kimchi, briefly reached $40 million; Kimchi himself holds 75.32% of the token's total supply. Pump.fun co-founder @a1lon9 confirmed a partnership between the two parties and stated that Kimchi is helping Pump.fun shape its creative direction.
Pump.fun Co-founder: About $5.9 Million in PUMP Has Left Circulation Since Custom Pairs Launch, Representing 0.33% of Circulating Supply
Odaily News: Pump.fun co-founder alon posted on X platform stating that since Pump's Custom Pairs feature launched last month, approximately $5.9 million worth of PUMP has exited circulation, representing 0.33% of the current circulating supply. This mainly includes tokens locked in liquidity pools, burned tokens, and tokens held in protocol fee wallets.He noted that if PUMP-related trading pair activity maintains its current level, on an annualized basis, the amount of PUMP exiting circulation each year would be equivalent to approximately 3.35% of the current circulating supply. Additionally, he believes that as on-chain trading activity grows, Custom Pairs could bring more trading volume and buy-side demand to smaller-cap meme coins and other on-chain tokens.