PUMP, the native token of Pump.fun, surged 25% over the past 24 hours, outperforming most top-100 cryptocurrencies by market capitalization, even as its associated platform and the Solana Foundation face mounting legal and reputational challenges.

The rally comes amid broader weakness across the cryptocurrency market and renewed scrutiny of memecoin launch practices on Solana.

Legal pressure weighs on Pump.fun and Solana

Pump.fun and the Solana Foundation are facing a class action lawsuit alleging insider trading and questionable token launch practices, according to market data.

The lawsuit has introduced legal uncertainty for both entities and intensified scrutiny of Pump.fun, Solana’s leading memecoin launchpad.

Solana’s native token has experienced notable volatility in recent weeks, with price declines coinciding with the negative news flow surrounding Pump.fun.

Since launching in January 2024, Pump.fun has facilitated millions of token creations and generated substantial fee revenue, according to on-chain data.

However, market observers note that token launches on the platform have declined as legal challenges and unfavorable media coverage have escalated.

Pump.fun’s reputation shifted following a February 2025 report from analytics firm Solidus Labs titled “The 2025 Rug Pull Report: Rug Pulls and Pump-and-Dumps on Solana.”

The report found that the majority of tokens launched on Pump.fun, along with liquidity pools on Raydium, exhibited characteristics consistent with pump-and-dump schemes or rug pulls.

According to the report, the platform and related protocols extracted billions of dollars from investors during 2025, driven by a high rate of fraudulent token launches.

Solana’s price has pulled back from recent highs before stabilizing near key support levels.

Technical analysts report elevated volatility, with upside moves encountering resistance.

Despite the price weakness, on-chain indicators for Solana remain relatively strong, with developer activity, transaction volumes, and wallet engagement holding up compared with other Layer-1 blockchains.

Analysts suggest Solana’s recent price action has been driven more by narrative concerns than underlying fundamentals.

PUMP outperforms as buybacks support price

In contrast to Solana’s recent decline, the PUMP token has continued to rally.

The token’s 25% overnight gain extends a broader uptrend that has lifted prices roughly 60% over the past month and about 160% from lows near $0.0011 reached in October 2025.

Market participants have attributed some of the recent strength in PUMP, as well as other high-beta tokens such as HYPE, to capital rotation into riskier assets.

For Pump.fun, however, analysts point to project-specific factors as key drivers.

The platform has repurchased more than 20% of its total token supply over the past three months, tightening circulating supply without immediate dilution.

No token unlocks are scheduled until July, reinforcing the scarcity narrative.

Revenue generation has also remained robust.

Daily revenue continues to exceed $1 million and reached $2.16 million on Monday, highlighting the platform’s operational strength despite ongoing legal concerns.

Pump price prediction

Investor sentiment has been further supported by Pump.fun’s recent announcement of a dedicated investment arm aimed at funding ecosystem growth, alongside the launch of a $3 million hackathon designed to attract developers and enhance long-term utility.

While the broader cryptocurrency market remains under pressure, with Bitcoin struggling to hold above $90,000, Pump.fun’s token has shown relative outperformance.

Recent gains have reversed a prior downtrend, with a confirmed break above $0.003 shifting attention to resistance near $0.005.

Technical indicators suggest momentum could build if the token closes January above key support around $0.0025, potentially opening the way for a first-quarter move toward $0.007 or higher.

The post PUMP token jumps 25% even as Pump.fun, Solana face class action lawsuit appeared first on CoinJournal.

PUMP token jumps 25% even as Pump.fun, Solana face class action lawsuit

Source: https://coinjournal.net/news/pump-token-jumps-25-even-as-pump-fun-solana-face-class-action-lawsuit/

Pump.fun, dogwifhat and Pepe plummeted as memecoins crashed amid fresh turbulence for cryptocurrencies.

Memecoins have come under sharp pressure as Bitcoin’s momentum cools following its surge to fresh highs above $117,000 last week.

The benchmark cryptocurrency has since slipped back toward $112,000, a retreat that has dampened broader market sentiment and triggered profit-taking across altcoins.

Memecoins are some of the big underperformers in the past 24 hours.

PUMP, WIF, and PEPE prices dump 10% or more

While Dogecoin, Shiba Inu and Bonk are among the top losers, the downturn has been particularly acute for PUMP and WIF.

Pump.fun (PUMP) reached an all-time high of $0.01214 in July.

However, with profit taking and overall downturn, the token has fallen to lows of $0.0060 following the bearish flip around $0.0089 on Sept. 14.

With a price decline of over 16% in the past 24 hours, Pump.fun mirrors the losses of Pi Network and Conflux among the 100 largest coins by market cap.

The PUMP price is down 25% in the past week, while panic selling has increased trading volume up 24% to over $598 million.

Dogwifhat (WIF), the Solana-based meme, has fared no better.

WIF has tumbled to $0.8010, down 11% in the past 24 hours.

Meanwhile, its trading volume has spiked 102% to over $256 million amid the broader altcoin weakness.

Whale sell-offs have aided bears, with the price 83% off its all-time high of $4.85.

Pepe (PEPE), the Ethereum frog-themed memecoin, also continues its slide into bearish territory.

The memecoin is consolidating near $0.0000097 after plummeting 10% over the past day.

Large sellers have pushed daily volume up by 133% to $889 million.

What’s next for memecoins?

Is the crypto market crashing a sign of more pain ahead of Uptober? Analysts say this is likely.

Bitcoin down. Altcoins down more.

Nature is healing.

— The Wolf Of All Streets (@scottmelker) September 22, 2025

In the short term, the memecoin rout is symptomatic of a larger crypto market contraction, where total capitalisation has dipped below $4 trillion amid Bitcoin and Ethereum’s price crash.

A confluence of several factors is at play as stocks also shed gains on Monday.

Headwinds impacting the risk asset markets include macroeconomic factors such as Fed policy, trade and inflation dynamics.

The upcoming data release on Friday will be key, as will be the anticipated ETF approvals in the coming weeks.

A market where BTC again rallies will open up a path for memecoins amid crypto’s cyclical outlook.

The post Pump.fun, dogwifhat and Pepe plummet as top memecoins crash appeared first on CoinJournal.

Pump.fun, dogwifhat and Pepe plummet as top memecoins crash

Source: https://coinjournal.net/news/pump-fun-dogwifhat-and-pepe-plummet-as-top-memecoins-crash/

Pump.fun’s native token, PUMP, has been in the spotlight over the past month, delivering triple-digit gains while drawing fresh attention from retail traders and exchanges alike.

Despite a recent dip, fundamental and technical indicators suggest that the token may not be done with its rally just yet.

Several exchanges have listed the PUMP token recently

Over the past months, major exchanges have expanded access to PUMP, a move that has boosted liquidity and visibility.

In July, MEXC listed PUMP/USDT and PUMP/USDC in the Innovation Zone with a convert feature, opening up one of the deepest retail-driven order books in Asia.

On Thursday, last week, Binance.US introduced spot trading for the PUMP/USD pair, giving American traders direct exposure for the first time.

In addition, MEXC has promised to list a Pump.fun token every Monday.

Regional exchange Coins.ph has also joined in, offering PUMP/PHP on its Convert feature to capture demand from Southeast Asia’s growing Solana user base.

$PUMP (@pumpdotfun) is the new token listing on https://t.co/ehQWvZk9FW! $PUMP is the native token of https://t.co/XbDiaLZCIm, a Solana meme-coin launchpad. It fuels rewards, fee perks & platform growth, and is driven by hype and community energy.

Trade PUMP/PHP on… pic.twitter.com/gy7JJ6LQEq

— Coins.ph (@coinsph) September 15, 2025

These listings signal that exchanges see sustained interest in Pump.fun despite questions over the token’s long-term stability.

The impact of these listings has been immediate. Trading volumes crossed $1.2 billion in 24 hours, with liquidity spreads tightening and new buyers entering the market.

PUMP token buybacks provide stability

Another key factor supporting PUMP’s price is the aggressive buyback program run by the Pump.fun platform.

Since August, the team has allocated roughly 35% of its fee revenue to purchasing tokens on the open market.

Data shows that around $33 million worth of PUMP has been bought back, with daily purchases averaging $1 million to $1.3 million.

These buybacks reduce circulating supply and inject confidence during volatile sessions.

Critics, however, argue that the buyback strategy functions more like market-making than organic demand, particularly since many of the purchases have been made at a premium to earlier trading levels.

Even so, the program has helped prevent sharper corrections and reassured retail traders that the team is willing to defend the token during dips.

$5.5 billion class-action lawsuit and platform rivalry

While the fundamentals appear strong, PUMP is not free of risks.

A $5.5 billion class-action lawsuit filed in July accuses Pump.fun of operating as an unlicensed casino and links the platform to more than $700 million in retail losses.

The case remains unresolved, but its timing coincided with PUMP’s price peak, raising concerns that legal proceedings could trigger risk-off sentiment among larger investors.

Competition has also intensified, with LetsBONK.fun overtaking Pump.fun in daily Solana memecoin launches and capturing more than half of August’s revenue in the segment.

This shift threatens Pump.fun’s fee-driven model, which underpins the buyback strategy and provides value to PUMP holders.

But for now, Pump.fun still maintains dominance in token listings, but sustained erosion of market share could weigh on growth.

ICO whales exit

Adding to the headwinds is selling pressure from early investors.

Reportedly, roughly 60% of ICO participants have exited their positions, with some whales offloading close to $40 million worth of tokens since July.

The initial sale price of $0.004 has become a psychological resistance level, and with more than half of the circulating supply still in the hands of ICO buyers, the risk of additional sell-offs looms over the market.

This dynamic has created persistent overhead resistance and raises questions about how much further buybacks can offset distribution from large holders.

The PUMP price outlook

Despite these challenges, the token’s recent performance has been impressive.

PUMP’s price has surged more than 125% over the past month and more than 60% in the past week, reaching an all-time high of $0.008819 before retreating slightly.

The token currently trades near $0.0078, down around 3.4% in 24 hours as traders lock in profits.

Key technical levels show solid support between $0.00613 and $0.00605, while resistance sits in the $0.00739 to $0.00797 band.

A breakout above the resistance zone could trigger another leg higher, with bulls eyeing $0.00846 as the next target.

Conversely, a break below support would bring the $0.0064 range into play, with potential panic selling if $0.007 fails to hold.

The post Pump.fun fundamental analysis points to more gains for PUMP price despite current pullback appeared first on CoinJournal.

Pump.fun fundamental analysis points to more gains for PUMP price despite current pullback

Source: https://coinjournal.net/news/pump-fun-fundamental-analysis-points-to-more-gains-for-pump-price-despite-current-pullback/

The PUMP token has returned to the spotlight, gaining momentum after a wave of aggressive buybacks by Pump.fun, the Solana-based memecoin launchpad.

Pump.fun’s latest moves have shifted market sentiment, with traders showing renewed confidence in the project’s ability to sustain its position at the heart of Solana’s retail-driven activity.

Buybacks fuel price recovery

Pump.fun has spent heavily on buybacks in August, with more than $62 million worth of PUMP tokens repurchased since the start of the month.

Between August 20 and 26 alone, the platform allocated $10.66 million — equivalent to more than 99% of its revenue that week — towards token repurchases.

Over a two-week stretch earlier in the month, Pump.fun spent an additional $19.26 million to scoop up nearly three billion tokens, trimming the circulating supply by almost 1%.

These buybacks have offset more than 4.2% of PUMP’s total circulating supply to date.

Each repurchase reduces selling pressure and reassures investors that the platform is backing its native asset with revenue generated from its surging activity.

This approach has already lifted PUMP’s price by more than 30% in the past month, helping the token recover from its late July lows.

PUMP market cap rebounds beyond $1 billion

The impact of these moves has been visible in market capitalisation figures.

After tumbling sharply in mid-July, PUMP has climbed back above the billion-dollar mark, reaching around $1.29 billion as of the latest CoinGecko data.

The fully diluted valuation now sits above $3.6 billion, reflecting the scale of long-term potential if buybacks and adoption continue at pace.

Trading activity has also strengthened. In the past 24 hours, PUMP recorded volumes exceeding $335 million, highlighting robust liquidity in a period where broader Solana decentralised exchanges have seen declining participation.

This rebounds positions Pump.fun as one of the most active and profitable applications on Solana, rivalling well-established DeFi players.

Pump.fun dominance draws traders back

Pump.fun’s resurgence is not only tied to buybacks but also to a significant recovery in its market share.

At the start of August, the launchpad accounted for just over 11% of Solana coins.

Within weeks, that share had surged above 90% before stabilising around 62% of sector revenue.

Daily active users on Pump.fun have jumped above 38,000, leaving rivals like LetsBonk with only a fraction of the activity.

This resurgence has been amplified by the success of tokens like $TROLL, which soared 250% in August and reinforced the speculative energy fueling Pump.fun’s ecosystem.

The sheer number of tokens created, more than 293,000 in just two weeks, underscores how the platform has captured the imagination of retail traders seeking quick exposure to memecoin plays.

Outlook remains cautious despite bullish momentum

From a technical perspective, the PUMP token has broken above its short-term moving averages, with indicators such as the Relative Strength Index (RSI) and MACD being bullish.

In addition, the current price of $0.003625 is pressing against the $0.00375 resistance level, a key threshold that traders are watching closely.

A clear break past the resistance at $0.00375 could open the door to a return above $0.004, levels last seen before July’s selloff.

However, there are questions about the sustainability of the aggressive buybacks that cast a shadow on the long-term outlook for PUMP.

Notably, more than half of the circulating supply is still concentrated in early holders, and sudden exchange inflows could spark renewed volatility.

The post PUMP token price gains momentum amid aggressive buybacks by Pump.fun appeared first on CoinJournal.

PUMP token price gains momentum amid aggressive buybacks by Pump.fun

Source: https://coinjournal.net/news/pump-token-price-gains-momentum-amid-aggressive-buybacks-by-pump-fun/

Pump.fun’s native token, PUMP, is making headlines again after a remarkable rebound driven by massive whale accumulation, aggressive buybacks, and a bold shift in platform strategy.

Over the past week, PUMP token has surged by 30%, to around $0.00338 at press time, with a daily trading volume exceeding $390 million.

This sharp rise has placed it among the top-performing tokens despite a mostly stagnant broader market.

Whales and buybacks driving the sharp turnaround

After suffering a significant drop post-ICO, PUMP coin is now clawing its way back with renewed strength.

Traders who were previously cautious are now taking notice, especially as whales enter the scene in a big way.

This week, blockchain activity revealed that a major wallet scooped up over 1.06 billion PUMP tokens, amounting to $3.3 million.

This same wallet also opened a leveraged long position with nearly 600 million tokens, signaling a strong belief in the token’s upward potential.

Whale 0x9324 just went big on $PUMP!

In the past 4 hours, he bought 1.06B $PUMP($3.28M) spot and opened a 3x long position with 594M $PUMP($1.83M).https://t.co/Ks1FzP0mwh pic.twitter.com/CFwZN2uVMj

— Lookonchain (@lookonchain) August 5, 2025

In parallel, Pump.fun itself is pouring resources back into its ecosystem.

According to on-chain data, the platform has bought back PUMP tokens worth over 144,800 SOL to date.

What’s remarkable is that this amount exceeds the platform’s revenue during that period, suggesting a reinvestment rate of more than 102%.

This aggressive buyback has fueled both price action and sentiment.

Pump.fun’s focus on community tokens

While market forces are driving price, strategic changes at Pump.fun are shaping its future.

The platform is moving away from simply generating thousands of meme tokens and toward supporting curated, community-led projects.

At the center of this pivot is a new category called CTO tokens, or Community Takeover Tokens.

These projects receive special recognition, better visibility, and in some cases, a share of platform revenues.

This level of support has enabled some previously underperforming tokens to make a comeback and, in some cases, reach all-time highs.

The most notable example is TROLL, a meme coin that exploded in value after receiving CTO status.

Starting from just $0.02, TROLL rallied to $0.17 following Pump.fun’s endorsement.

TROLL is now the third-largest token on the platform, with a $220 million market cap, closing in on PNUT.

Whale interest in TROLL is also notable, with one top trader reportedly locking in $1.3 million in gains.

Pump.fun founder teases major ecosystem reveal

Alon Cohen, co-founder of Pump.fun, hinted at an upcoming announcement that could further reward community participation.

In a recent post, Cohen promised a “huge announcement coming for organic community coins in the Pump.fun ecosystem this week.”

Though specifics remain unclear, speculation is swirling that the update could introduce incentives tied to trading volume or community engagement.

Given the platform’s recent performance and growing interest from large holders, such an update could further amplify activity.

Notably, Pump.fun has already recovered its dominance in new token launches. Within 24 hours, it created over 15,000 tokens, outpacing rivals like LetsBonk.fun and Bags Tokens.

However, the focus now is clearly on depth over breadth, as the platform prioritizes sustainable, community-fueled growth.

Watching for the next PUMP token breakout

As of now, PUMP token is still far below its all-time high of $0.01214, which it reached just three weeks ago.

However, with increasing buy pressure, visible whale activity, and an evolving ecosystem, many analysts are predicting a potential retest of previous highs.

Influencers like Ran Neuner have already weighed in, stating confidently that “$PUMP is going back above $0.006. Simple.”

Despite early backers continuing to sell, sometimes even at a loss, the current trend suggests that a new wave of buyers is entering the market with conviction.

The shift to supporting community tokens, paired with aggressive buybacks and upcoming incentives, could make this more than just a temporary pump.

As traders wait for the promised announcement, the combination of strong fundamentals, rising interest, and active platform management positions PUMP token as one of the most closely watched tokens in the current cycle.

The post PUMP token skyrockets as Pump.fun buys in and backs community favorites appeared first on CoinJournal.

PUMP token skyrockets as Pump.fun buys in and backs community favorites

Source: https://coinjournal.net/news/pump-token-skyrockets-as-pump-fun-buys-in-and-backs-community-favorites/

Solana-based memecoin launchpad Pump.fun has delayed its public token auction once again, amid rising legal uncertainty and platform moderation concerns.

The planned raise, originally targeting $1 billion at a $4 billion valuation, has reportedly been pushed to mid-July.

This marks the latest in a series of postponements that have disrupted the platform’s roadmap since planning for the launch began in 2024.

Pump.fun had initially announced a June 25 auction date, but the latest delay follows a pattern of mounting challenges.

While no official reason was cited for this week’s postponement, the timing aligns closely with growing legal pressure in several jurisdictions, including an active class action lawsuit in the US and warnings of intellectual property violations.

Social media suspensions have added to the disruption, casting uncertainty over the project’s near-term prospects.

$1 billion raise under threat as lawsuits escalate

At the heart of Pump.fun’s troubles is a class action suit filed by Burwick Law on 15 January.

The legal complaint accuses the platform of securities law violations and manipulating token prices for its own gain.

According to the filing, investors suffered significant losses due to what the plaintiffs describe as artificially inflated valuations designed to benefit the launchpad’s internal operations.

The platform, which allows users to mint and promote memecoins on Solana, is also under fire for enabling projects that allegedly misuse copyrighted names and branding.

In February, Burwick Law joined hands with Wolf Popper LLP to issue a cease-and-desist letter targeting Pump.fun.

The letter highlights repeated IP infringements by user-created tokens, which often borrow logos and branding from existing companies and public figures.

Although Pump.fun has not responded to the lawsuit publicly, the legal cloud is raising questions over its planned billion-dollar raise.

The repeated delays and lack of transparency have made it difficult for institutional and retail investors to gauge the platform’s legal standing, further complicating the valuation ahead of any token issuance.

X account suspension adds to mounting setbacks

On 16 June, social media platform X suspended the official accounts of both Pump.fun and its founder.

Though the ban lasted only a few days before the accounts were reinstated, it fuelled speculation about enforcement actions linked to ongoing legal scrutiny.

Neither Pump.fun nor X disclosed the reason for the takedown.

This isn’t the first time crypto platforms have been hit with such suspensions.

Other decentralised projects and crypto tools have also faced temporary bans in recent months, often without a public explanation.

However, the timing of Pump.fun’s ban — just days before its auction update — has drawn particular attention within the crypto community.

Despite the reinstatement, the suspension disrupted the launchpad’s communications during a critical period.

With the public auction already delayed, the temporary loss of its primary outreach channel may have undermined user trust further.

Public auction now expected mid-July, but uncertainty remains

Crypto journalist Colin Wu, who broke the news on X, stated that the new target date for Pump.fun’s token sale is now set for mid-July.

No firm date has been confirmed by the team.

The project had originally aimed to raise $1 billion from the token event, which would value the platform at $4 billion — a bold figure given the legal risks and operational headwinds it currently faces.

Pump.fun’s rise to prominence was driven by a wave of speculative activity around meme tokens on the Solana blockchain.

However, the combination of litigation, brand misuse allegations, and social media bans could put its long-term viability at risk if not addressed before the token launch.

The post Pump.fun token auction delayed again amid legal pressure, social media ban appeared first on CoinJournal.

Pump.fun token auction delayed again amid legal pressure, social media ban

Source: https://coinjournal.net/news/pump-fun-token-auction-delayed-again-amid-1-billion-raise-legal-pressure/

Pump.fun, the Solana-based meme coin launchpad, is facing scrutiny as new data reveals that more than half of participating wallets have suffered losses.

According to a Dune Analytics report cited by BeInCrypto, at least 60% of wallet addresses that interacted with Pump.fun over the past six months ended up posting losses.

The findings come just ahead of Pump.fun’s highly anticipated $1 billion PUMP token launch.

While the event has fueled significant buzz, it has also coincided with fresh selling pressure on Solana (SOL), the ecosystem’s base chain.

Millions lost, few gain as profit disparity widens

Of the 4.257 million wallets that traded more than 10 tokens on Pump.fun, 2.4 million (56.6%) registered cumulative losses between $0 and $1,000.

Nearly 1,700 addresses lost more than $100,000, and 46 wallets suffered losses in excess of $1 million.

By comparison, only about 5,000 addresses made over $100,000 in gains, and a mere 311 wallets reported profits above $1 million.

A breakdown of May 2025 profit-and-loss data shared by crypto analyst Miles Deutscher on X revealed that over 51% of wallets lost more than $500.

Just five wallets (0.0015%) earned between $50,000 and $100,000, underscoring the sharp imbalance in wealth generation across the platform.

Most profitable wallets gained only modestly, with 916,500 wallets earning between $0 and $1,000, further challenging claims of accessible wealth creation.

Trading bots, scams, and retail risk dominate platform activity

Pump.fun was initially positioned as an easy-to-use platform where anyone could launch a meme token on Solana for less than $2.

However, recent data casts doubt on its fairness and transparency.

Solidus Labs research cited in the same report found that 98% of tokens launched on Pump.fun showed signs of fraudulent activity or lacked real liquidity. Just 1.4% of tokens had active, verifiable markets.

With so few functioning tokens, analysts question whether Pump.fun is advancing DeFi adoption or simply enabling low-cost scams under the guise of community-driven decentralisation.

Pump.fun’s past regulatory issues have also resurfaced. The site was banned in the UK in 2024, and it is currently facing a lawsuit filed in January 2025.

The legal case, still ongoing, has amplified caution among both institutional and retail investors, particularly as the platform prepares for its high-profile token launch.

Solana hit by selloff ahead of $1B token sale

As the PUMP token prepares to go live, market participants are already reacting.

The launch aims to raise $1 billion through a community-distributed token model. However, the growing anticipation is triggering rotation away from Solana’s native token.

Traders are reallocating capital to speculate on the PUMP launch, causing downward pressure on SOL in recent weeks.

Deutscher noted in a separate post that this capital shift reflects how investors previously used SOL as a proxy for Pump.fun’s fee generation.

Now, with a direct token offering in place, SOL is no longer necessary as an intermediary asset.

This shift could weaken Solana’s near-term liquidity profile and complicate the network’s broader decentralised finance strategy.

Despite being a breakout player during the early 2025 meme coin rally, Pump.fun’s trajectory is now marked by significant risk.

The narrative of financial democratisation is undercut by hard data, which shows that 312,191 wallets — or 95.6% — either broke even or lost money.

Whether the PUMP token can reverse sentiment remains unclear, especially with regulatory and reputational clouds looming overhead.

The post Over 60% of Pump.fun wallets lost money: report appeared first on CoinJournal.

Over 60% of Pump.fun wallets lost money: report

Source: https://coinjournal.net/news/over-60-of-pump-fun-wallets-lost-money-report/