Pump.fun Drops Another $20M Bomb on Kraken—Because Crypto Never Sleeps
Memecoin launchpad Pump.fun just wired a fresh $20 million to Kraken—another liquidity injection that’ll either fuel the next bull run or vanish into the crypto casino’s bottomless pit. Who’s counting?
Another day, another eight-figure deposit. The platform’s latest move screams confidence—or sheer audacity—as it doubles down on exchange liquidity while traders brace for the next volatility rollercoaster.
Wall Street’s still sipping its overpriced coffee, but in crypto? $20M moves before breakfast. Stay tuned for the inevitable ‘wen Lambo’ tweets.
Pump.fun still retains most of its revenues, potentially breaking the earnings record of 2024 for realized gains. | Source: DeFi Llama
One of the activity drivers was the expectation of an airdrop or some kind of recognition for the activity. Pump.fun managed to cash out what amounts to a sizeable ICO. Only in the past couple of months the platform shared its fees, paying out around $700K to liquidity providers and selected token creators.
Pump.fun produces fewer cult tokens
Despite this, only under 2% of Pump.fun traders make above $1,000, with most serving as exit liquidity. Pump.fun did create a handful of cult tokens, as its initial usage was to create cultural movements and shift away from VC-backed tokens.
As of June 2025, cult tokens from Pump.fun are valued at around $4.27B, led by FARTCOIN. New cult tokens are coming less regularly, with HOUSE being the hottest asset created recently. It is still rare for Pump.fun tokens to make it big, with only a handful listed on major exchanges.
The graduation rate of Pump.fun tokens are near historical lows, with only 0.81% of new memes moving to DEX trading and even fewer gaining significant valuations. Only one token is valued at over $1B, and only six retain a market cap above $100M, while previously reaching a $500M valuation was easy for even relatively new assets.
The platform still launches around 30K tokens daily, with fewer social media trends. Instead, there are signs of increased bot sniping and rapid shifting between meme themes. There are also fears that the launch of a native Pump.fun token may take some of the liquidity from memes.
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