NiftyNoon: Is it Time to PUMP? ⛽💰🤔
Memecoin launchpad Pump.fun confirms its $600 million token sale, barring US, UK, and EU users and sparking debate amid declining volumes (July 10, 2025)
Nifty Thought:
Pump.fun, the viral Solana-based memecoin launchpad, has officially confirmed its highly anticipated $PUMP token sale, set to begin on July 12. The platform aims to raise a massive $600 million by offering 150 billion tokens—15% of the total supply—at a fixed price of $0.004 each, implying a $4 billion valuation. The sale will be hosted on several major exchanges, including Bybit, Kraken, and Gate.io. However, citing regulatory compliance, the platform has barred users from the United States, United Kingdom, and the European Union from participating in the public offering. In a move that may appease some community members, Pump.fun also announced that an airdrop is "coming soon".
The announcement arrives at a pivotal moment for the platform. While Pump.fun saw explosive growth and generated nearly $715 million in revenue since its January launch, its daily volumes have recently plummeted by as much as 80% from their peak. Newer competitors like LetsBonk have even started to capture significant market share, recently outpacing Pump.fun's daily revenue. The decision to conduct such a large token sale on top of its substantial earnings has drawn mixed reactions, with some calling it "bad optics," especially when a large-scale airdrop was widely expected. Despite the criticism, a token launch of this scale could inject significant excitement and liquidity into the Solana ecosystem, and the team has laid out ambitious goals to "Kill Facebook, TikTok, and Twitch. On Solana" with the funds raised.
Highlighted News:
💊 $PUMP is launching through an Initial Coin Offering on Saturday, July 12th:
https://x.com/pumpdotfun/status/1942947267436056740?s=46
📈 Bitcoin Hits a New All Time High Above $112,000:
https://x.com/BitcoinMagazine/status/1943036341517721969
🦅 The proposal to make $WLFI tradable is now live for voting:
https://x.com/worldlibertyfi/status/1943002747642732659
🟩 Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025:
https://x.com/sandeepnailwal/status/1942622020354654524
Project and Community News:
TradFi analysts realizing the right way to value ETH is as the store of value asset of an emerging economy. Brand new ETH report from @fidelity: https://x.com/ryansadams/status/1942742550982373816?s=46
The tokenized Real-World Asset (RWA) market just broke an all-time high, surpassing $25 BILLION for the first time ever: https://x.com/Securitize/status/1942937334216823151
BTCS Inc. is raising its funding target to $225 million to accelerate its Ethereum accumulation strategy: https://x.com/charles_btcs/status/1942901597488447922?s=46
President Trump is now calling for the first 300+ basis point interest rate cut in US history: https://x.com/kobeissiletter/status/1942967114232373755?s=61
According to Bloomberg, Donald Trump Jr. bought 350,000 shares of Thumzup Media through a $6 million private placement: https://x.com/WuBlockchain/status/1943005366729740426
@solstrategies_ reached a new all-time high in delegated stake, hitting 3,831,299 SOL: https://x.com/solstrategies_/status/1942990718575800440
@SECGov has acknowledged filing for Canary Spot $PENGU ETF, a solana-based memecoin: https://x.com/SolanaFloor/status/1943040900965503218
Today, the Treasury's Office of Foreign Assets Control is taking action to stop individuals and entities that are enabling the Democratic People's Republic of Korea (DPRK) IT worker schemes: https://x.com/USTreasury/status/1942645699491029372
Attorney @JohnEDeaton1 has filed a securities fraud class action against @linqto
founder and ex-CEO William Sarris on behalf of thousands of retail investors: https://x.com/eleanorterrett/status/1942973013386830323?s=61
Monad Foundation has acquired @portal_hq: https://x.com/monad_xyz/status/1942933687978365289
Billion $ SPAC crypto treasury deal from $MBAV trades down 6% on the day: https://x.com/djohnson_cpa/status/1942699856172310638?s=46
@Streamex and BioSig Technologies Inc. announce definitive agreements for $1,100,000,000 ($1.1B USD) in growth financing: https://x.com/streamex/status/1942362127894810726?s=46
TRON committed to buying $100M of $TRUMP: https://x.com/justinsuntron/status/1943005196xwPqAa1Zlr-KOaU-armwg&s=33
Circle partnering with OKX to deepen @USDC liquidity and expand access to 60M+ users worldwide: https://x.com/circle/status/1942871356967903290?s=46
Ripple CEO Brad Garlinghouse Testifies Before Senate: https://x.com/coindesk/status/1942946096793493962?s=46
A new chapter of @base starts next week: https://x.com/coinbase/status/1942920925034467497?s=46
Wasabi Mode is now live on @KosherCapital: https://x.com/wasabi_protocol/status/1942970055966273748
GMX V1 has been exploited: https://x.com/GMX_IO/status/1942958365862236300
Binance Futures will launch the USDⓈ-M $PUMP perpetual contract pre-market trading: https://x.com/BinanceFutures/status/194295329919360659
Quick Stats:
👾 Blur ETH Daily Volume: 644.44 ETH (▲ 106.29%)
🌊 OpenSea ETH Daily Volume: 640.84 ETH (▲ 45.06%)
🟠 BTC : $110,882.06 (▲ 1.28%)
🔷 ETH: $2,772.25 (▲ 4.37%)
🟣 Solana: $157.34 (▲ 1.94%)
🟪 Polygon: $0.21 (▲ 3.57%)
Top NFT Sales:
Otherdeed Expanded #7: 100.00 ETH
CryptoPunks #6526: 47.00 ETH
CryptoPunks #5887: 42.66 ETH
NFT Daily Winners:
🐧 Pudgy Penguins: 9.55 ETH (▲ 6.28%)
👩🏻 Milady Maker: 2.25 ETH (▲ 4.10%)
🚬 CryptoPunks: 42.00 ETH (► 0.00%)
👾 Tensorians: 2.62 SOL (► 0.00%)
🏳🌈 Chromie Squiggles: 3.75 ETH (► 0.00%)
🍭 Mocaverse: 1.20 ETH (► 0.00%)
NFT Daily Losers:
😡 Mad Lads: 40.62 SOL (▼ 0.01%)
🐵 NodeMonkes: 0.03 BTC (▼ 1.11%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 2.89%)
🦧 Bored Ape Yacht Club: 10.18 ETH (▼ 3.03%)
⛩ Azuki: 1.62 ETH (▼ 3.46%)
🧙♂️ Taproot Wizards: 0.15 BTC (▼ 4.78%)
🧦 Bitcoin Puppets: 0.03 BTC (▼ 4.88%)
🏴☠ Captainz: 0.31 ETH (▼ 6.11%)
🐱 Quantum Cats: 0.03 BTC (▼ 10.43%)
Notes:
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