PUMP Token Ignites Market Frenzy as Pump.fun Launches Price Discovery on Aevo Pre-Markets

Pump.fun''s native token PUMP is making waves as it debuts on Aevo''s pre-market trading—because what''s crypto without a little speculative chaos?

Price discovery kicks off

The memecoin playground turns serious as traders scramble to peg PUMP''s value before full exchange listings. No official numbers yet, but the order books won''t lie for long.

DeFi''s latest stress test

Aevo''s derivatives infrastructure gets a trial by fire handling PUMP''s volatility. Meanwhile, degens are already leveraging positions—some things never change in crypto''s casino economy.

Just remember: in a market where ''fundamentals'' means viral tweets, price discovery is really just collective guesswork with extra steps.

Users show early interest in token

While highly volatile, the launch gave some insights into the potential valuation of Pump.fun. In pre-market trading with around $65K in volumes initially, PUMP ROSE above $4.40. The current valuation is close to the intended fully diluted value of $4B for all PUMP tokens during the actual launch.

The token was a long-awaited addition to the meme launch ecosystem, though it comes with a reasonable amount of caution. There is still no deadline for the token, although Pump.fun recently announced it plans to raise up to $1B. The platform also cashed out a significant amount of SOL, so there is no clear need for financing, but a token sale may fuel further expansion. 

The pre-market valuation, though still achieved with low trading volumes, suggests there may be much bigger demand for Pump.fun’s token. At the intended valuation, it WOULD aim to be one of the biggest token sales in 2025.

Initially, Pump.fun hinted at an airdrop, but has given up on a token. The chief fear is that the launch of PUMP would remove liquidity from smaller meme assets and distort the market.

The new token launch has not been officially announced, but hints from crypto KOLs are showing signs that the event may happen soon.

Multiple copycat tokens have been launched, but there is still no official PUMP token market outside pre-market futures.

Pump.fun activity accelerates

Pump.fun recovered from its previous slumps, once again rising to over 20K active addresses launching new tokens. Streaming is becoming more active, and the platform still carries multiple trends based on social media, news, or mashups between previous meme trends. 

The platform achieves over 100K daily active addresses, with typical daily activity of up to 30K new tokens. Much fewer tokens graduate, but the competition among new assets is still offering the potential to buy the day’s winning token. 

The native PumpSwap exchange is also increasing its market share, taking up to 21% of meme token trading on Solana. 

The DEX carried over $2.3B in weekly volumes, showing there is still demand for solana memes and enough creators to drive new trends. Pump.fun has also added more detailed tracking on tokens making significant moves, allowing traders to join the more liquid and active pairs.

The movers feature on the Pump.fun app changes the game from sniping and investing in any and all new tokens, instead pinpointing the ones with more active trading. 

Pump.fun retains around $2M in daily fees, still in the top 10 of fee-producing apps on Solana. The platform is still down from its peak daily fees of over $13M, though it has still achieved a higher baseline on all metrics.

For now, Pump.fun remains the main platform for token launches, while aiming to increase its organic traffic and limit bot activity.

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