Pump.fun Dumps $436M & Crashes Like a Bad Date-Memecoin Fade Continues

What’s more shocking than your last breakup? Pump.fun, the memecoin launchpad that just pulled out over $436 million since October, decided to turn crypto into a cash carnival. Because, apparently, nothing screams ‘fun’ like watching your meme market crumble faster than a cookie in milk. 🍪🚀

Since October 15, the Solana-powered party bus handed over $436 million in USDC to Kraken, the exchange everyone pretends to trust. Blockchain data platform Lookonchain confirmed that Pump.fun’s team was basically saying, “Thanks for the memories-now, I’m out.” ✌️

It all started a week after crypto’s version of a bad October-where $19 billion evaporated like your patience during holiday traffic-causing Pump.fun to get real good at the art of the cash grab. 💸

Meanwhile, Pump.fun’s monthly revenue took a nosedive, dropping below $40 million for the first time since July, settling at a measly $27.3 million in November-down more than half from September’s $58.9 million. Honestly, that’s like going from champagne to sparkling juice. 🥂🥤

CryptoMoon rang up Pump.fun for some juicy comment-only to be told the “relevant team” is working on a response “when they have the time.” Yeah, we all have that one friend who’s always ‘busy’ when it’s time to explain their reckless spending. 😅

Is Pump.fun’s revenue still sliding faster than a skating rink during a snowstorm?

Turns out, dumping hundreds of millions in stablecoins has sparked some investor panic, with folks nervously whispering about more sell-offs. Because nothing says trust like seeing your platform acting like a liquidation machine on TikTok. 🤖🛠️

Before the October crash, memecoin trading was already trending downward like your favorite TV show’s ratings, and things only got worse from there, according to Nicolai Sondergaard of Nansen. “Retail got burned, and they’re not exactly lining up for seconds,” he said.

“Pump.fun’s large sell-offs are basically their version of crying in public. Expect more of the same.”

Ping this info into your brain: Pump.fun still holds about $855 million in stablecoins and another $211 million in Solana tokens, per Arkham. So, no, they’re not broke-they’re just filling their vault for that next big dip. 🏦

Analysts reckon those $436 million weren’t exactly blown up in a fiery blaze-they’re more like the remnants of a strategic “see ya later” cash swipe, especially since some of those funds were initially raised at a tiny $0.004 per token, according to EmberCN.

Crypto investor SK sums it up best: “Pump.fun out here acting like a full-time liquidation machine while everyone else is busy buying dips that dip even more. It’s like they want the market to fail on purpose.” 🔥😂

2025-11-24 13:59

Is Pump.fun’s revenue still sliding faster than a skating rink during a snowstorm?

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