Events

Pump.fun will overhaul its creator fee model, shifting incentives away from mass low-risk memecoin launches toward promoting active trading and broader fee-sharing among users, which coincided with about a 10–11% rise in its native token, PUMP.

Pump.fun is facing renewed scrutiny after on-chain data showed it transferred another $75 million in USDC to Kraken, bringing total deposits since Nov. 15 to $480 million. The moves come amid a 38% drop in PUMP price and mounting allegations of ICO treasury sell-offs and price manipulation.

Investors have raised concerns after on-chain analytics flagged about $436M in USDC flows tied to memecoin launchpad Pump.fun. Co-founder Sapijiju says the transfers were normal treasury rebalancing related to the PUMP ICO, not a large-scale cash-out or exit.

Pump.fun, a major Solana meme‑coin launch platform, has come under renewed scrutiny after on‑chain records showed more than $436 million in USDC routed through Kraken and Circle since mid‑October. Large withdrawals, slowed official responses and a 24% drop in PUMP’s price have intensified concerns about the project’s finances.

Pump.fun acquired the multichain trading terminal Padre to enhance multi-chain trading capabilities, improve token liquidity, and expand its user base after Solana's memecoin market decline. This acquisition led to a 13% rise in the PUMP token, supported by increased whale buying and long positions.