Pump.fun Teases Token and 'Lucrative' Solana Airdrop Amid Record Week

Meme coin launchpad Pump.fun is planning on launching a token and possibly holding an airdrop for users, the team revealed amid the protocol’s most successful week ever. The teases came during the Twitter Spaces announcement of its new trading terminal called Pump Advanced, set to rival tools like Photon and Bull X.

Pump.fun has been responsible for the creation of over 2.5 million Solana tokens since its launch in January, bringing in $140 million in fees. It has also housed some of the craziest meme coin trends of the year from the celebrity meta to livestreaming dangerous stunts. On Saturday, Pump.fun announced a trading bot during a Twitter Spaces.

Pump Advanced claims to be better optimized for Pump.fun than rival trading bots, as it was built in-house. And for the first month, it will not be charging fees as it attempts to draw in a crowd of degen traders.

Following the announcement on Twitter Spaces, the team welcomed questions from the 11,000-person crowd of listeners. This was when Sapijiju, one of the project’s pseudonymous co-founders, revealed information about an upcoming token launch and possible airdrop.

“We are definitely planning on launching a token at some point in the future. I'm not going to say when, that's all to come,” Sapijiju said. “Our airdrop, no guarantees here, will probably be a lot more lucrative than anyone else in the space.”

There has been no timeline or further details provided about the token launch or airdrop. That said, as Pump.fun is a Solana app, it’s likely that the token will be on the same network.

VanEck Adds Staking Rewards to Solana Investment Product in Europe

VanEck Europe’s exchange-traded note (ETN) for Solana underwent a key transformation Monday, offering Solana staking rewards for investors across the European Union. Listed on the Euronext Amsterdam stock exchange in the Netherlands, the $74 million product will now accrue Solana rewards that are reinvested daily, the firm said. Dubbed the VanEck Solana ETN, the change represents a new form of passive income for the fund’s investors. Every day, Solana staking rewards will be reflected in the ETN...

Last week, Pump.fun’s trading volume hit a record high, topping $1.1 billion. Furthermore, the protocol was used to launch a record number of daily tokens on Saturday with 31,600 in total.

Pump.fun allows any user to launch a token through the platform in a matter of minutes, after filling out a simple form. Originally the protocol charged $7 worth of SOL to create a token, but removed this barrier in August, adding a 0.5 SOL ($80) reward for the developers of successful tokens that meet a certain market cap benchmark.

Crypto Trader Turns $5K Into $1.5 Million With Lucky Bet on GOAT Meme Coin

In less than a week, a trader who bought $5,500 of a Solana meme coin has seen their position surge to a value of over $1.5 million—and they’ve already cashed out $1.1 million of that. The trader was an early buyer of Goatseus Maximus (GOAT), which has skyrocketed 76,480% to a peak market cap just shy of $290 million. Created via Pump.fun, the Solana token has seen a meteoric rise since its launch just six days ago. GOAT was conceived by “Truth Terminal,” a Twitter-based AI chatbot that uses Met...

Following this shift, Pump.fun has been responsible for some of the biggest meme coins created this year, including AI-conceived Goatseus Maximus (GOAT) and the viral Web2 meme, Moo Deng (MOODENG).

Throughout August and September, the Tron-based SunPump posed a short-lived existential threat to the Solana protocol. During this period, Pump.fun deployed only 5,000 to 10,000 tokens a day, according to Dune data, but has since recovered—with record results.

Edited by Andrew Hayward