News Heat Trend
Project Overview
Pump.fun is a memecoin launch platform that allows users to launch a coin that is instantly tradeable without having to seed liquidity.
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%.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Rockawayx Acquires Relayer Capital, Adding Long/Short Strategy with ~70% Returns Since 2026
Odaily News: Digital asset investment platform Rockawayx has acquired digital asset hedge fund Relayer Capital, incorporating its directional long/short strategy into its approximately $2 billion investment platform. Relayer Capital founder Austin Barack will continue to oversee the strategy and assume the role of Chief Investment Officer of the newly renamed Rockawayx Liquid Opportunities Fund.Rockawayx CEO Viktor Fischer stated that the fund will invest in highly liquid crypto tokens and digital asset-related equities, with a focus on identifying assets that are mispriced relative to their business fundamentals, market position, or growth prospects. The fund is currently open to new external investors.Rockawayx disclosed that the strategy's estimated net return from the start of 2026 through August 21 stands at approximately 70%, outperforming a weighted portfolio of Bitcoin, Ethereum, and Solana by 86 percentage points. Major contributing positions include Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash, with investment themes centered on AI and tokenized real-world asset markets.The acquisition adds a directional liquid strategy to Rockawayx's venture capital and market-neutral businesses. Rockawayx also operates infrastructure and onchain liquidity divisions, noting that these capabilities support its team in identifying blockchain market opportunities across stages—from early-stage funding and token issuance to public market trading. (Bitcoin.com News)
Pump.fun’s parent company is hiring a Chief Legal Officer, with a base salary of up to $5 million
Alon, co-founder of Pump.fun, tweeted that Baton Corporation, the parent company of Pump.fun, is hiring a Chief Legal Officer with a base salary ranging from $1 million to $5 million. The role will oversee regulatory affairs, product counseling, corporate governance, cross-border compliance, and other responsibilities.
Pump.fun launches Charity Coins feature, allowing creator fees to be directed to charitable organizations
Pump.fun has partnered with Donate.gg to launch the Charity Coins feature, allowing projects to direct creator fees to charitable organizations. Users can set up to 5 charities as fee recipients on the Pump.fun app or web interface, with Donate.gg handling crypto asset processing and donation transfers.According to the introduction, this feature aims to reduce controversy, tax issues, and security risks associated with charity-themed Meme coins. It currently supports compliant donations to over 10,000 charitable organizations.
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.
Trader Kimchi has once again added Pump.fun to his profile, and $Kimchi's price briefly surged over 150%.
According to on-chain analytics platform Lookonchain (@lookonchain), @kimchi1x re-added @pumpfun to their bio three days after removing it, causing $Kimchi to briefly surge by over 150%. On-chain data shows that trader ja2trader spent $28,900 to purchase 4.61 million $Kimchi tokens several hours before the profile update, currently holding an unrealized profit of approximately $11,000.
$kImchi token market cap surged to $14 million before plunging over 95%, with multiple wallets profiting over $385,000.
According to on-chain analytics platform Lookonchain, kimchi received 500 million $kimchi today and posted about the token, which was subsequently retweeted by Pump.fun co-founder alon. Alon later retracted the retweet, and kimchi also deleted the post. The market capitalization of $kimchi briefly surged to $14 million before plunging by over 95%. Lookonchain reported that scammers used multiple wallets to buy $kimchi at low prices and subsequently sold them, netting cumulative profits exceeding $385,000.
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.
ai16z founder Shaw: Pump.fun contract reverse engineering is not a simple replication, but a pursuit of byte-level consistency
ai16z founder Shaw further introduced the Pump.fun smart contract reverse engineering plan on X, stating that the goal is not to develop a contract with similar functionality, but to restore a version that is completely identical to the original contract at the byte level, including the vulnerabilities and flaws in the original code. He called on developers to participate in the reverse engineering with AI tools and continuously submit code contributions via GitHub.Shaw pointed out that closed-source smart contracts are detrimental to security audits, and stated that over the past year, fund losses caused by serious security vulnerabilities in closed-source contracts exceeded $40 million. He believes that promoting open-source contracts helps developers and AI discover and report potential vulnerabilities.In addition, Shaw also plans to use tokens previously repurchased with Meme coin fee revenue as bounty rewards, distributing them to contributors participating in the reverse engineering.Previously, ai16z founder Shaw posted on X stating that 90% of the Pump.fun contract reverse engineering work had been completed, with full completion expected that evening, and said, "Open source everything, or you will be forced to open source."
Kylie Jenner's X Account Allegedly Hacked to Promote Same-Named Meme Coin; Market Cap Surges Then Drops 68%
According to BeInCrypto, Kylie Jenner’s X account appears to have been compromised, with an attacker posting the ticker and Pump.fun page link for the Solana-based memecoin kylie before the post was subsequently deleted. The token’s market cap briefly spiked to approximately $1.19 million before retreating by around 68%; at press time, it stood at roughly $378,500.
Pump.fun launches Charity Coins feature, enabling direct donation of creator fees to charitable organizations
According to an official announcement from Pump.fun, Pump.fun has launched its Charity Coins feature, which is exclusively integrated with the charitable donation platform Donate.gg. Coin Admins can now direct creator fees straight to up to five charitable organizations through the fee settings. Over 10,000 charities are already supported, and no additional onboarding is required from the charitable organizations. This integration aims to resolve issues previously associated with self-managed donations—such as uncertain donation execution, potential tax-triggering events, and malicious attacks targeting charities’ social media accounts.
Pump.fun will launch in-app Elysium trading on November 9.
Pump.fun plans to launch the Elysium trading feature in its app on November 9. Previously, the application introduced Hyperliquid perpetual contract trading. Elysium is a standalone rollup with HyperEVM as its settlement layer.
Pump.fun App Adds TON Ecosystem Token Purchase Feature, Supporting Direct USDC Payments
Pump.fun has announced that its app now supports purchasing TON ecosystem tokens. Users can complete transactions directly using their USDC balance, without the need to manually bridge cross-chain or switch wallets.
Pump.fun Launches on X Layer, Supporting Trading with a Unified USDC Balance
According to official statements from Pump.fun, the Pump.fun app now officially supports X Layer. Users can trade all tokens on X Layer using a single USDC balance, without needing to manually bridge or switch wallets.
ai16z founder Shaw: Pump.fun contract reverse engineering is not a simple replication, but a pursuit of byte-level consistency
ai16z founder Shaw further introduced the Pump.fun smart contract reverse engineering plan on X, stating that the goal is not to develop a contract with similar functionality, but to restore a version that is completely identical to the original contract at the byte level, including the vulnerabilities and flaws in the original code. He called on developers to participate in the reverse engineering with AI tools and continuously submit code contributions via GitHub.Shaw pointed out that closed-source smart contracts are detrimental to security audits, and stated that over the past year, fund losses caused by serious security vulnerabilities in closed-source contracts exceeded $40 million. He believes that promoting open-source contracts helps developers and AI discover and report potential vulnerabilities.In addition, Shaw also plans to use tokens previously repurchased with Meme coin fee revenue as bounty rewards, distributing them to contributors participating in the reverse engineering.Previously, ai16z founder Shaw posted on X stating that 90% of the Pump.fun contract reverse engineering work had been completed, with full completion expected that evening, and said, "Open source everything, or you will be forced to open source."
The Pump.fun app adds a MONAD token purchasing feature, supporting direct payments with USDC.
Pump.fun announced that its app now supports buying Monad tokens. Users can complete transactions directly using their USDC balance without manually bridging or switching wallets.
$kImchi token market cap surged to $14 million before plunging over 95%, with multiple wallets profiting over $385,000.
According to on-chain analytics platform Lookonchain, kimchi received 500 million $kimchi today and posted about the token, which was subsequently retweeted by Pump.fun co-founder alon. Alon later retracted the retweet, and kimchi also deleted the post. The market capitalization of $kimchi briefly surged to $14 million before plunging by over 95%. Lookonchain reported that scammers used multiple wallets to buy $kimchi at low prices and subsequently sold them, netting cumulative profits exceeding $385,000.
Related news
Pump.fun will launch in-app Elysium trading on November 9.
Pump.fun plans to launch the Elysium trading feature in its app on November 9. Previously, the application introduced Hyperliquid perpetual contract trading. Elysium is a standalone rollup with HyperEVM as its settlement layer.
Pump.fun App Adds TON Ecosystem Token Purchase Feature, Supporting Direct USDC Payments
Pump.fun has announced that its app now supports purchasing TON ecosystem tokens. Users can complete transactions directly using their USDC balance, without the need to manually bridge cross-chain or switch wallets.
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.
Pump.fun Launches on X Layer, Supporting Trading with a Unified USDC Balance
According to official statements from Pump.fun, the Pump.fun app now officially supports X Layer. Users can trade all tokens on X Layer using a single USDC balance, without needing to manually bridge or switch wallets.
Pump.fun Users' Loss Rate Reportedly as High as 97%, FOMO at 96.5%
Odaily reports: A user loss rate ranking of trading platforms shared by X user SEVEN (@Seven_Nguyen666) shows that Pump.fun tops the list with 97% of users at a loss, followed by FOMO at 96.5%, GMGN at 93%, and both Polymarket and Kalshi at 92.5%.For other platforms, Papertrade has 91% of users at a loss, Maestro 89%, Axiom 87%, Hyperliquid 86%, Lighter 85%, Binance Futures 80%, and Robinhood Chain 73%.SEVEN noted that Pump.fun has drawn attention for its high loss rate, but Binance Futures did not top the list. It should be noted that the ranking did not disclose the original data source, statistical period, or profit-and-loss calculation method, and the relevant data has not been independently verified.