Pump.fun

Memecoin

Record

<p>Pump.fun, one of the star platforms in the crypto universe on Solana, just emptied its wallets to the tune of 900 million dollars in stablecoin, without a word. This massive withdrawal shakes an already fragile crypto market. We give you all the details in the following paragraphs.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Pump.fun withdrew 900 million dollars in stablecoins, fueling distrust in the crypto ecosystem.</li>
   <li>The crypto project’s disengagement embodies the exhaustion of the memecoin market and investor distrust.</li>
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<h2 id="h-pump-fun-a-crypto-platform-in-full-withdrawal-mode">Pump.fun, a crypto platform in full withdrawal mode</h2>
<p>Since mid-October, onchain transactions reveal crypto transfers of&nbsp;:</p>
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 <li><strong>405 million dollars to Kraken&nbsp;;</strong></li>
 <li><strong>466 million dollars to Circle.</strong></li>
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<p>Some crypto analysts confirm it: this liquidity comes from a private sale of the $PUMP token, conducted in June during a 720 million dollar fundraising. At that time, insiders held 55% of the total supply. Today, the price of the crypto asset collapses below its initial level: <strong>$0.0026, compared to $0.004</strong>.</p>
<p>The team’s silence increases distrust. Until now, they have published neither a statement nor an official message. Users, already cooled by the protocol’s performance, thus denounce a disguised abandonment.</p>
<p>The <a href="https://defillama.com/protocol/pump?tvl=false&amp;events=false&amp;revenue=true" rel="noopener noreferrer nofollow">figures</a> confirm the trend:</p>
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 <li>revenues cut in half;</li>
 <li>exchange volume in decline;</li>
 <li>drop in memecoin trading.</li>
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<h2 id="h-signs-of-a-widespread-disenchantment">Signs of a widespread disenchantment</h2>
<p>Retail no longer follows. Promises of crypto <a href="https://www.cointribune.com/en/tag/airdrop-en/" rel="noopener noreferrer nofollow">airdrops</a>, viral campaigns and the community illusion are no longer enough to mask opaque governance. The <strong>“Mayhem” mode</strong>, meant to stimulate launches via AI, was a flop. Onchain activity declines and legal actions pile up.</p>
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<p>The Pump.fun case symbolizes <strong>the exhaustion of a crypto model</strong>: too focused on speculation and too little built on solid foundations. Crypto trading does not forgive opacity. A decentralized platform that wanted to be disruptive ends up looking like an exit counter.</p>
<p>As euphoria fades, the crypto sector rediscovers its fragilities. Precisely, the <a href="https://www.cointribune.com/en/crypto-80-less-revenue-for-pump-fun-traders-are-worried/" rel="noopener noreferrer nofollow">disengagement of Pump.fun</a> could mark a turning point: a return to sobriety. The crypto ecosystem has no shortage of tools, but it must regain trust, unless other players take advantage of this gap to rebuild a more sustainable model.</p>

Pump.fun Makes a Record $436M Withdrawal as the Memecoin Era Comes to an End

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