Latest news with #Pumpfun
Gizmodo
14-07-2025
- Business
- Gizmodo
The Casino Social Media PlatformThat Wants to ‘Kill' Facebook and TikTok
a viral crypto launchpad built on Solana, says it wants to 'kill Facebook, TikTok, and Twitch.' If that sounds like meme-fueled madness, it might be, but it also just pulled off one of the most astonishing fundraising feats in recent memory, raking in an eye watering $600 million in 12 minutes through a public token sale. That's a number even Meta would envy. The July 12 offering marked the debut of $PUMP, the platform's official token. offered 15% of its 1 trillion token supply to the public at $0.004 per token across crypto exchanges like Kraken, KuCoin, and Bitget. The sale was supposed to run for three days. It sold out in 12 minutes. Launched in January 2024, lets anyone create and trade tokens in seconds. Think of these tokens as unique digital assets, almost like custom digital money or shares in a very niche online community. Many of these are 'memecoins,' cryptocurrencies that gain value primarily from internet hype and community buzz rather than traditional business models. called itself a 'decentralized social casino' where memes and market speculation collide. So far, it has launched more than 11 million tokens and generated over $750 million in protocol revenue, making it one of the fastest-growing crypto projects ever. Think of it like Reddit meets Robinhood meets a Vegas slot machine. Users create tokens, hype them up, and hope the internet catches on. Creators get attention. Traders get volatility. Everyone chases the next pump. Now, with $PUMP, the company wants to take things even further. but that was just the beginning we're building pump fun to replace existing social platforms with one that gives instead of takes whether you're a trader, creator, startup founder, or anyone else, pump fun will allow you to tap into a global network of instant money & attention — (@pumpdotfun) July 9, 2025According to the team, the $PUMP token is designed to be the fuel for a new kind of internet, one that rewards creators and users directly, not the platforms. Its roadmap includes incentives like fee rebates, token buybacks, and sharing revenue with token holders. But the core pitch is simple: Replace your social network with a trading protocol. 'We're building to replace existing social platforms with one that gives instead of takes,' the company wrote. 'Whether you're a trader, creator, startup founder, or anyone else, will allow you to tap into a global network of instant money and attention.' To be clear, is not a social media app in the traditional sense. It's a token casino with a meme strategy. But in 2025, that might be close enough. Memecoins are no longer a joke. They're a strategy. Platforms like and its competitors (such as LetsBONK) are transforming crypto from a financial product into a cultural product. They're moving fast, breaking things, and skipping the app store entirely. In the Web3 world, tokens are content. Hype is marketing. And attention is capital. And if you're wondering how it all scales, it already has. The $600 million raise puts in a league of its own. Even major crypto exchanges like Bybit couldn't keep up, citing API overload during the sale. Trading for $PUMP has since launched on Bitget and other crypto exchanges. If this all sounds too good to be true, regulators seem to agree. The token sale excluded U.S. and U.K. residents due to legal concerns. Meanwhile, competitors like LetsBONK are gaining ground fast. And there's no guarantee that promised incentives will materialize. But if money is attention and memes are the message, may have already cracked the code for the next generation of digital platforms. The social internet might not be dead. It might just be tokenized.
Associated Press
24-06-2025
- Business
- Associated Press
SolanaPortal Unveils High-Performance APIs to Accelerate Solana Ecosystem Trading
SolanaPortal introduces a suite of powerful APIs—Pumpfun, Raydium, Meteora, Jupiter, and Moonshot—designed to streamline decentralized finance (DeFi) trading on the Solana blockchain. These APIs empower developers to build fast, cost-efficient, and scalable decentralized applications (dApps) while benefiting from Solana's low-fee, high-speed network. Pakistan, June 24, 2025 -- SolanaPortal, a cutting-edge provider of decentralized exchange (DEX) APIs, has officially launched its suite of APIs: Pumpfun, Raydium, Meteora, Jupiter, and Moonshot. These APIs are specifically designed to enable seamless, high-performance trading experiences for developers building on the Solana blockchain. By providing easy-to-use and highly efficient interfaces, SolanaPortal aims to simplify integration and foster growth within the DeFi space. Solana has gained considerable attention in recent years due to its scalability and speed, making it a leading choice for blockchain-based applications. However, the complexities of managing liquidity and facilitating cross-platform trades have been a challenge for developers. SolanaPortal's new API solutions provide a seamless way to integrate DEX functionalities, offering both flexibility and ease of use. API Features: SolanaPortal's suite of APIs includes: SolanaPortal APIs deliver performance and flexibility: The APIs provided by SolanaPortal stand out for their performance, flexibility, and developer-friendly features. SolanaPortal addresses common challenges developers face, including managing high-speed transactions, liquidity aggregation, and data visualization. Real-World Applications and Use Cases SolanaPortal's APIs have found real-world applications in various industries, from token trading to decentralized finance (DeFi) protocols. With over 1,000 developers and companies using its APIs globally, SolanaPortal is helping drive the next wave of innovation in the Solana ecosystem. SolanaPortal's APIs are designed for a wide range of use cases, including: Future of DeFi on Solana Solana has rapidly become one of the most attractive blockchains for decentralized finance (DeFi) due to its scalability, speed, and low fees. With SolanaPortal's APIs, developers now have access to a suite of tools that can facilitate seamless trading, liquidity aggregation, and cross-chain interoperability. As the DeFi sector grows, SolanaPortal is well-positioned to be at the forefront of this revolution, offering tools that are both cutting-edge and accessible. About SolanaPortal SolanaPortal is a leading provider of decentralized finance (DeFi) APIs for the Solana blockchain. The platform offers high-performance APIs for trading, liquidity aggregation, and cross-chain functionality. With a focus on scalability, low fees, and developer-friendly integration, SolanaPortal is helping build the future of decentralized finance on the Solana blockchain. For more information, visit: About the company: SolanaPortal is a leading provider of decentralized finance (DeFi) APIs for the Solana blockchain. Contact Info: Name: Saleem Raza Email: Send Email Organization: SolanaPortal Website: Release ID: 89163050 In case of identifying any errors, concerns, or inconsistencies within the content shared in this press release that necessitate action or if you require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team is committed to addressing your concerns within 8 hours by taking necessary actions diligently to rectify any identified issues or supporting you with the removal process. Delivering accurate and reliable information remains our top priority.
