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PUMP, the token for the Pump Fun memecoin platform, has crashed approximately 60% to $0.0036, less than the initial coin offering (ICO) price of $0.004 and more than 50% down from the peak of $0.009, according to data from CoinMarketCap. This token had its ICO launched on July 12 and had its trading launch on July 15. This fall has occurred while Pump Fun is still deciding what “utility mechanisms” this token might eventually have. Chart from CoinMarketCap . Read more: Pump Fun ICO raises $600M as PUMP traders dodge sale restrictions Additionally, Pump Fun usage has failed to recapture early highs, with “Adam_Tehc” highlighting on X that daily token launches for the platform have fallen below 10,000 per day. At points in the past, Pump Fun saw over 60,000 tokens launched per day . Part of the short-lived attention of memecoin traders has been drawn to other platforms like Bonk Fun, perhaps in hope of future airdrops or token incentive...

Crypto exchange Gate.io has abruptly removed the token sale page for Pump.fun’s PUMP token, just days before the public sale was slated to go live on July 12. The surprise move wiped all details of the $600 million offering from the platform. According to the now-deleted page, 150 billion PUMP tokens priced at $0.004 each were set to be sold, making up 15% of the meme coin’s total 1 trillion supply. The sudden takedown has left would-be investors uncertain whether the sale is still moving forward. Gate.io said the removal followed negotiations with Pump.fun. Neither party has confirmed a new date or whether the token launch will proceed in any form. The $PUMP Token Sale Leaked on Gate – Then Suddenly Disappeared No official word yet from pump. fun Token sale metrics as per Gate. io👇 💊 Valuation: $4B 💊 Presale: $600M 💊 Supply: 1Trillion tokens Early leak or cancelled deal? 👀 pic.twitter.com/llZFCdpmGb — Zia ul Haque...

RAY surged 10% after Raydium launched LaunchLab, a new meme coin creation platform aimed at challenging the dominance of Solana’s Pump.fun. The platform’s debut follows Pump.fun’s split with Raydium last month, when it launched its own DEX, PumpSwap, cutting into the revenue of the prominent SOL-based automated market maker (AMM). Top 24-hour performers (Source: CoinMarketCap ) The LaunchLab launch helped make RAY the top gainer among major cryptos on CoinMarketCap after the token’s surge in the past 24 hours took its weekly gain past 36%. It traded at $2.31 as of 1:10 a.m. EST.   Raydium Says New Tokens Can Be Launched For Free Raydium said that its platform will provide meme coin creators with customizable bonding curves and no migration fees. Tokens that raise 85 Solana will also transition to Raydium’s AMM instantly. The firm added that new tokens can be launched for free. Creators also have the ability to opt-in to earn 10% of trading ...

The Solana price has surged past the bullish $241 target as volume on the network’s decentralized exchanges (DEXs) skyrockets amid a seemingly unstoppable meme coin mania. Layer 1 blockchain Solana’s price can reach $500 by year’s end as its speed and efficiency advantages over competitors like Ethereum continue to impact market positioning. If Solana can hold the break above the crucial $241 level, then the next target for bulls is $291, which is well into price discovery territory – the SOL all-time high is $259. It would be a steep climb to hit $500 by the end of the year, but even a shallower ascent would easily capture $350-$400 price range targets.  DEX daily volume on Raydium is more than double that of Ethereum-based Uniswap ($3.93 billion vs $1.45 billion), according to the latest DefiLlama data.    Solana Meme Coins Explode As Pump.Fun Market Cap Surpasses $8 Billion Behind the ...