Pump.fun churns out weekly fees with the gusto of a nouveau riche at a casino, raking in $10.2 million, yet its token slumps like a deflated balloon at a child’s party. 😂
Summary
- PUMP token is waltzing downward despite all that frenzied trading activity – how delightfully predictable. 💃
- The freshly hatched DEX is gobbling up 50% of the fees, proving that in crypto, even babies can be cash cows. 🍼
- Early token unlocks are deluging the supply, turning the market into a veritable flood of despair. 🌊
Pump.fun (PUMP) persists in its downward spiral, even as DeFi buzzes around it like moths to a flame. From July 14 to July 20, this Solana-based memecoin launchpad pocketed $10.2 million in fees, but the token has shriveled to half its former glory – a true tragedy of errors. 😏
$PUMP is trading below its ICO price, wallowing at $3.6B, while weekly fees are slinking downward but still clinging to a ‘respectable’ $10.2M. Pump’s cunning DEX launch snags about 50% of fees – oh, the ingenuity! From the 0.3% swap fee, 0.05% lines the team’s pockets, and 25% of that trickles back to $PUMP. What a lark! — Ignas | DeFi (@DefiIgnas) July 22, 2025
The $10.2 million haul includes fees from both the memecoin launchpad and the upstart DEX, each pulling their weight equally. As @defiIgnas notes with perhaps undue enthusiasm, this vaults Pump.fun to 17th place in the crypto fee Olympics – impressive, if you’re into that sort of thing. Notably, 25% of DEX fees go to burning tokens, supposedly making them scarcer than hen’s teeth, but the price drop suggests otherwise, plunging faster than a socialite’s reputation. 🤦♂️
Early token unlocks hurt PUMP’s price
Since its debut on July 12, the Pump token has nosedived 47.91%, from $0.00716 to a paltry $0.003691 – a fall that’s almost comical if it weren’t so pitiable. The culprit? Insider selling, with the team and private investors cashing out like thieves in the night. 😈
The public sale, open to the masses, only dished out 15% of the tokens, while a whopping 18% went to private investors – all unlocked instantly after the ICO, naturally. This left whales in control of more than half the supply, and they wasted no time dumping their holdings. Reports indicate two savvy investors already flipped 25.5 billion PUMP tokens for a cool $39.6 million profit – bravo, darlings, bravo. 🤑
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2025-07-23 16:26