pump

ElizaOS founder Shaw stated that he previously referred to the code published in the GitHub repository lalalune/pumpfun-source as open source, but that statement is inaccurate. The relevant code does not belong to him, and he has never had the right to publish, license this code, or authorize anyone to use it. The "Copyright (c) 2026 Shaw" and similar licenses in the repository are not genuine licenses and do not grant anyone related rights. Shaw stated that his previous remarks or these licenses should not be regarded as permission to use, copy, fork, modify, develop based on, or distribute the code, nor should anyone distribute or attempt to reverse engineer the pump.fun code, as the relevant code is protected by copyright.

On-chain data research account Sparsity released a study on November 10, stating that in the past 30 days, pump.fun accounted for 92% of the total launch volume of all Meme launch platforms and 84% of the trading volume of launch platforms. The study noted that 95% of pump.fun's protocol revenue comes from trades when tokens are still on the joint curve or have a market cap of less than $250,000. A fee of 1.25% is charged on each transaction on the joint curve, with 0.95% going to pump.fun and 0.30% to the creators, resulting in a round-trip cost of 2.5% before price changes.The study indicated that approximately three-quarters of the aforementioned revenue comes from tokens that have been listed for less than 1 hour, and 87% comes from tokens that have been listed for less than 1 day. A total of 15 top tokens with a peak market cap of $1.4 billion paid about $1.5 million to pump.fun, while tokens on the joint curve or with a market cap of less than $250,000 paid $506 million. The research also stated that the top 25 deployers collectively launched 761,000 tokens, with a graduation rate of less than 1%, and received $128 million; the wallet that launched the most issued 171,195 tokens, averaging about $200 per token.The study reported that since August, call rewards have paid $29.6 million to 51,115 wallets, with 10 wallets receiving 16%, and the median being $13. In the fourth quarter of 2024, out of 3.16 million launches, 207 reached a market cap of $10 million, while in the third quarter of 2026, out of 3.05 million launches, 24 reached that level. The study stated that out of a total of 24.4 million launches on pump.fun, currently, 312 have a market cap above $100,000, which is about 1 in every 78,000. The article was written by Kioto.

The Solana ecosystem meme coin issuance platform Pump.fun announced that its perpetual contract product built on Hyperliquid has added a cross margin feature, along with the launch of TWAP execution and manual margin adjustments.Previously, Pump.fun launched its perpetual contract service on October 28 using an isolated margin model, and this update adds a cross margin option based on the original isolated model.

The co-founder of the meme token issuance platform Pump.fun, Alon, stated that the platform has adjusted the Callout Rewards program, adding an experimental reward algorithm called Diamond, aimed at incentivizing users to recommend high market cap tokens and attract perpetual contract and non-Solana chain ecosystem users.Diamond will provide reward multipliers for Callouts (token recommendations) of high market cap tokens and increase rewards for asset categories such as perpetual contracts, EVM, and other non-Solana chain tokens. The original algorithm will continue to operate and will be renamed Degen, with both algorithms to be further adjusted in the future.

According to on-chain analyst Yu Jin's monitoring, the meme launch platform Pump.fun transferred 76,111 SOL in transaction fee income to the exchange Kraken half an hour ago, worth approximately 6.85 million USD.Since the beginning of 2024, Pump.fun has accumulated a total of approximately 5.627 million SOL in transaction fee income, with an average price of about 158.7 USD.

On-chain analyst Nooman posted on platform X, indicating that the trend of meme coin trading platforms transitioning to perpetual contract business is accelerating. On Thursday, the number of daily active traders for FOMO and Pump.fun's perpetual contracts saw significant growth.Among them, FOMO's perpetual contract daily active traders approached 4,000, with a single-day trading volume reaching 334 million USD; Pump.fun's perpetual contract daily active traders approached 1,200, setting a historical high, with a single-day trading volume reaching 25.3 million USD.

According to a post by Alon (@a1lon9), co-founder of Pumpfun, the development company behind Pumpfun, Baton Corporation, is hiring for three business development (BD) positions: perpetual contract BD, prediction market BD, and trading terminal BD.Alon stated that to expand the social network of the Pumpfun application, it is necessary to attract excellent traders from various markets, including on-chain speculative trading, perpetual contracts, and prediction markets. Applicants must have at least 2 years of experience leading BD at a crypto platform and have significant business results. The positions are preferred to be based in New York, but exceptionally qualified candidates may be considered for remote work.

The meme issuance platform Pump.fun announced that the NEAR token has now landed on the Pumpfun App. Users can trade NEAR ecosystem tokens within the app without the need for cross-chain bridging.

The meme coin issuance platform Pump.fun posted on platform X that its limited-time 4x referral bonus event has ended, and the platform will continue to distribute 100% of its platform revenue. The referrer reward has been adjusted to 1.5 times, allowing referrers to receive 37.5% of the fees paid by the referred users.The remaining 62.5% of the revenue will be used for the Callout reward pool and in-app incentives. Pump.fun stated that the total rewards distributed so far have reached 30 million dollars.

According to a publicly disclosed lawyer's letter, the entity behind Pump.fun, Bracket Company Inc., sent a cease-and-desist letter to Eliza Labs founder Shaw Walters (X account @shawmakesmagic) on October 29, 2026, through the law firm Brown Rudnick. Pump.fun accuses Walters of unauthorized copying, reverse engineering, and planning to publicly release its source code, violating U.S. copyright law and platform service terms.The lawyer's letter states that Walters posted a series of messages on the X platform between October 27 and 28, claiming to have reverse-engineered 97.6% of the source code of the Pump.fun contract set, with 80% matching the original contract byte for byte, and plans to add the front-end and back-end code to the code repository, offering project tokens $PMUP as a reward to contributors. Pump.fun demands that Walters immediately cease such activities, refrain from publicly releasing the source code, and clearly states that such reverse engineering constitutes illegal behavior.

The Solana-based token issuance platform Pump.fun announced on X that it has partnered with the on-chain perpetual contract protocol Hyperliquid to launch perpetual contract features within the Pump.fun application.Pump.fun stated that users can directly use their USDC balance within the app to go long or short on cryptocurrencies, stocks, and commodities without the need for cross-chain bridging. This feature is powered by Hyperliquid's on-chain perpetual contract engine for trading.

Pump.fun announced on October 28 that it will launch Elysium trading in its app on November 9, adding support for this network focused on Hyperliquid to its multi-chain trading business. Pump.fun posted on its official X account stating "Pumpfun App x @Enter_Elysium," and added "Trading starts November 9," with Kinetiq also announcing Pump.fun's entry into Elysium.Elysium is a Layer 2 built by Kinetiq based on Arbitrum Orbit, with transaction settlements occurring in the Hyperliquid smart contract environment HyperEVM, and network fees paid in HYPE. Its mainnet is scheduled to launch on November 9, 2026, coinciding with Pump.fun's trading start date; the chain will be rolled out in phases, with native HyperCore market data access and fast order submission paths expected to be provided in an upgrade approximately four weeks after the mainnet launch. The announcement only mentioned the Pump.fun app and did not disclose plans to migrate the company's Solana Meme coin issuance platform or its liquidity to Elysium.This plan is independent of another Hyperliquid integration announced earlier on the same day. Pump.fun stated that perpetual contract trading is now live within the app, allowing users to go long or short on cryptocurrencies, stocks, and commodities using USDC balances without cross-chain transactions; the service charges a fee of 0.05% per transaction, reduced to 0.04% with a referral code, plus standard Hyperliquid fees. The Elysium announcement did not specify its funding channels and trading fee terms.

According to the RootData Launchpad rankings, Pump.Fun launched 52,847 memes in the last 24 hours, an increase of 12.59% compared to the 7-day average. Among them, 174 memes successfully graduated, an increase of 19.76% compared to the 7-day average.In terms of transaction fees in the last 24 hours, Pump.Fun maintained a lead with $1.96 million. Pons' transaction fees were $332,300, an increase of 5.35% compared to the previous day's $315,400. Stonk's transaction fees in the last 24 hours were $200,600, a decrease of 26.46% compared to the previous day's $272,800.

Pump.fun application now supports the TON chain. Users can directly purchase tokens on the TON chain using their USDC balance.The official statement claims that this application is the fastest cross-chain social application with the lowest fees, but no comparative data has been provided.

According to Onchain Lens monitoring, a Solana trader who has realized a profit of 8.23 million dollars has deposited 100 million PUMP into Binance again, worth approximately 414 thousand dollars.In the past 6 days, this trader has deposited 300 million PUMP into Binance, worth approximately 1.31 million dollars, possibly for selling.

According to a report by CryptoSlate, on-chain data company Bitquery analyzed 3,170 wallets that reported profits of at least $100,000 on the token issuance platform Pumpfun from October 2025 to August 2026, involving a total profit of approximately $752.5 million. Among them, only 26% were checked through regular market transactions, 51% involved the sale of tokens transferred from other addresses, 13% exhibited potential collaborative trading patterns, and another 10% could not be clearly classified.The report stated that the tokens transferred in do not generate buy transactions that can be replicated by trading systems, so the profits displayed by the wallets may not be realizable by copy traders. The study has not measured the actual earnings of copy traders, and the token transfers themselves are insufficient to prove the existence of manipulation.

The founder of ai16z, Shaw, stated that 90% of the reverse engineering work on all contracts of Pump.fun has been completed and is expected to be finished tonight, adding, "Open source everything, or it will be forced to open source."

Pump.fun announced that its application now supports the purchase of Monad tokens. Users can complete transactions directly using their USDC balance without the need for manual cross-chain operations or switching wallets.

According to community reports, on October 23, crypto influencer kimchi posted an image containing a QR code, which points to the meme coin kimchi. Relevant information indicates that the kimchi address holds over 50% of the token, and it is different from the previously mentioned "speedrun 30 million dollars" token. The co-founder of the meme coin issuance platform pump.fun, alon, subsequently retweeted the post.The new kimchi token briefly surged to a market value of about 10 million dollars. Afterward, alon canceled the retweet, kimchi deleted the post, and removed the mention of pump.fun from his personal profile, leading to a rapid decline in the token's value, which was then about 190,000 dollars. According to GMGN market data, the previous Kimchi token also accelerated its decline that morning, with a market value of about 12.81 million dollars at that time.These actions have sparked dissatisfaction within the community, with some crypto investors accusing kimchi and alon of potentially illegal behavior. Kimchi has frequently flaunted wealth on social media and claimed to have profited significantly from investing in the TRUMP token. Recently, alon stated that Kimchi is the first person to truly bridge the gap between the crypto industry and pop culture, and is the first case of a trader becoming a public figure.