Tag: Pump.fun

Raydium Sinks 24% as Pump.fun Unveils Competing AMM

Raydium (RAY) crashed 24% as Pump.fun announced a rival AMM, sparking competition fears, despite its TVL hitting an all-time high.



Raydium (RAY), the biggest decentralized exchange (DEX) on Solana, was just dealt a bitter blow, plummeting 24% to $3.23 in 24 hours. The news that Pump.fun, one of the favorite memecoin websites, is going to launch its own Automated Market Maker (AMM) on Solana has people speculating about the future of Raydium’s reign.

Although the price dropped, RAY’s market cap is still $941.34 million, and its trading volume jumped 204% to $202.05 million. But technicals are not favorable. The token has been trapped in an ascending broadening wedge, which has a tendency to indicate more issues.

Just a few weeks ago, Raydium was riding high, fueled by Bitcoin’s massive surge. But after hitting a rejection point of $8.67 in January, RAY’s been in a downtrend, sliding down to $4.31 before this latest dip.

The shocker? Raydium’s Total Value Locked (TVL) is actually good. It hit an all-time high of $2.589 billion today, up from just $128 million in January. So while the price might have fallen, investors are still putting money into the platform.

With Pump.fun’s AMM gaining traction, Raydium’s future rests on investor sentiment and how well it will be able to deal with growing competition.

Also Read: Cardano (ADA) Slips Below $0.80 – Is a Steeper Decline Ahead?

Pump.fun Sees Surge of Fake Beer Biceps Memecoins Amid Ongoing Controversy

After drama on India’s Got Latent, fake Beer Biceps and Samay Raina memecoins popped up on Pump.fun, pumping fast before crashing. Traders jumped on the hype, just like they did with Elon Musk’s “Harry Bolz” and Saif Ali Khan’s controversy. In crypto, virality = quick cash grabs.



The internet loves drama, and crypto traders love profiting off it. After the India’s Got Latent controversy involving YouTuber Ranveer Allahbadia (Beer Biceps) and comedian Samay Raina, memecoins using their names flooded Pump.fun.

Two of the biggest ones, BEERBICEPS and Justice for Ranveer Allahbadia (JFRA), saw quick pumps—BEERBICEPS spiked 35% before crashing back to its launch price, while JFRA jumped 22% before fizzling out. Both had tiny market caps of around $5,500, meaning they were just quick speculative plays.

Samay Raina wasn’t spared either—tokens in his name also appeared, hitting a market cap of just $5,625. The whole thing started when India’s Got Latent aired roast segments featuring Ranveer and Samay, leading to a police complaint. As soon as the news dropped, crypto traders seized the moment, launching memecoins to cash in on the virality.

This isn’t new—when Elon Musk changed his X name to “Harry Bolz,” a flood of Harry Bolz memecoins hit the market. After news of Saif Ali Khan’s attack, fake tokens in his name appeared too. In the crypto world, every viral moment is just another pump-and-dump opportunity.

Also Read: Pi Coin Market Cap Crashes to $0 on CoinMarketCap – Glitch or Disaster?

Law Firms Take Legal Action Against Pump.fun for Misusing Memecoins and Logos

Two major U.S. law firms are suing Pump.fun for allowing shady memecoins that misuse their names, logos, and employees’ images.


Two of the most prominent law firms in the United States, Burwick Law and Wolf Popper LLP, are taking action against Pump.fun, a wild memecoin platform on Solana. They fired off a cease-and-desist letter demanding the removal of more than 200 tokens allegedly ripping off their names, logos-even employees’ faces.

One token, humorously named “Dog Shit Going NoWhere” (DOGSHIT2), is receiving serious heat over allegedly copying the firms’ names and creating legal and financial chaos. The lawyers say these aren’t just joke coins; they are part of a bigger scam to confuse investors, tamper with litigation, and threaten people.

This drama dates back to Jan 30, this year, when the firms sued Pump.fun for pushing risky, unregistered securities and running pump-and-dump schemes. They claim the platform, run by UK-based Baton Corporation, made nearly $500M from sketchy tactics.

Pump.fun, which just hit $3.3B in trading volume thanks to Trump-themed memecoins, hasn’t responded yet. But if they don’t clean up, legal trouble could wreck them. The lawyers warn that any more IP violations will bring more lawsuits, hinting this could turn into a long, ugly legal battle.

Also Read: Ohio Wants a Bitcoin Stash—New Bill Pushes for Crypto Reserve

Pump.fun Sells $25M in SOL as Solana’s Price Soars

Pump.fun has just sold 105K SOL, which is $25.14M after Solana price surged to $241.66. They have been cashing out their fees for months, sparking numerous debates. Its divided though, some say its fair while others worry it’s messing with SOL’s price stability. So far, they’ve sold out nearly $160M worth.

Pump.fun is basically a memecoin launchpad platform that helps launch and promote meme-based cryptocurrencies. It makes revenue earnings through fees from token transactions and has accumulated a large amount of Solana (SOL) tokens. However, them selling too much of SOL tokens have led to a problem.

Just recently it has sold another 105,000 SOL tokens which is valued at $25.14 million. This has been a major catalyst in intensifying pressure on Solana’s price. A blockchain analytics platform named Lookonchain revealed the transaction to the general public, noting that the tokens were transferred to Kraken in a single move.

Read about : Mantra (OM) Rally Loses Steam as Whales Start Selling

Pump.fun Sellings

Pump.fun has bagged huge profits as they sold huge chunks in the latest surge of Solana’s SOL. It had recently spiked from $135 to $241.66. This is no new news though, they’ve done this before, like when SOL hit $200 earlier this month. Since launching, they’ve racked up 1.3M SOL, selling $157M worth for costs. Some think it’s fair, but others worry it could mess with SOL’s price.

Read more: Crypto Podcaster Cobie Burns Majority of ‘UPONLY’ SOL Tokens in Bold Move

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