Amidst declining revenues, Pump.fun establishes a liquidity division to support memecoins | CoinDesk JAPAN

Amidst sluggish earnings, Pump.fun establishes a liquidity sector to support memecoins

  • Pump.fun established the Glass Full Foundation to provide liquidity to specific projects amidst declining revenues.
  • This foundation will inject liquidity into the ecosystem's tokens, but it has not clarified the sources of funding or selection criteria.
  • The daily earnings of Pump.fun have decreased from 7 million dollars in January to recently 200,000 dollars, as the competitor LetsBonk.fun is expanding its market share.

Pump.fun stated that the Glass Full Foundation will "inject significant liquidity into the ecosystem tokens to support our most passionate cult." However, the source of funding and the criteria for selecting recipients were not disclosed. According to a post on X (formerly Twitter), the initial injection has already taken place and further injections are planned.

introducing the Glass Full Foundation

the Glass Full Foundation aims to accelerate the most organic, vibrant, and promising communities in the pump fun ecosystem

GFF will inject SIGNIFICANT Liquidity into ecosystem tokens to support our most diehard cults

learn more 👇 pic.twitter.com/vPtXzjZqwZ

— pump.fun (@pumpdotfun) August 7, 2025

The top token in the Pump ecosystem is FART Coin, which has a market capitalization exceeding 1 billion dollars (approximately 145 billion yen, based on an exchange rate of 145 yen to 1 dollar) as of the 8th. The second largest token is Peanut the Squirrel, with a market capitalization exceeding 253 million dollars. It is worth noting that Peanut the Squirrel is named after a popular pet that was euthanized last year and faced significant backlash on social media.

The announcement from the Glass-Full Foundation came at a time when the daily revenue of Pump.fun had plummeted from over $7 million (about ¥1.015 billion) at the peak of the January memecoin boom to around $200,000 (about ¥29 million) this month. The figures are based on on-chain data.

The timing of this downturn coincides with the recent market share growth of LetsBonk.fun, a competing launchpad on the Solana blockchain associated with the Bonk community, which became the highest revenue and most active launchpad last month.

| Translation/Editing: Rina Hayashi | Image: Danny Nelson/CoinDesk |Original: Pump.fun Creates Liquidity Arm to Back memecoins Amid Revenue Slump

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)