Pump.fun Sparks CTO Token Frenzy as TROLL Hits Record High

Memecoin mania reaches new heights as Pump.fun's spotlight on CTO tokens sends TROLL soaring.

How high can the hype go? The platform's latest push has traders FOMO-ing into what might be crypto's most volatile casino chip.

Meanwhile, Wall Street 'experts' still can't tell the difference between a blockchain and a spreadsheet.

TROLL rallies to all-time high

After the recognition of TROLL as a CTO token, the asset started its rally from $0.02. Within days, TROLL increased its mindshare by over 234%, based on Messari’s tracking. TROLL has been building positions since May, with some inflows of smart money, but only had its breakout in the past week. 

TROLL has the advantage of a KuCoin listing, though most of the activity is still happening on the native PumpSwap DEX, as well as Meteora. The token is liquid enough, with the top trader realizing $1.3M in gains. 

However, TROLL is not being crashed to zero, as one of the top whales still bought NEAR the top. 

TROLL is now the third-largest token in the Pump.fun ecosystem, almost catching up with Peanut the Squirrel (PNUT). The token still has a $220M market capitalization, relatively low for memes. A new turnover is happening in the Pump.fun token ecosystem, introducing a new list of tokens with the potential to rise in the charts. 

Pump.fun burns PUMP tokens to boost price

Pump.fun has not sent out SOL to exchanges in a few weeks, instead accumulating the fees for a buyback and reward program. 

To date, Pump.fun has repurchased PUMP for 139,759 SOL, valued at over $23M. In the past few weeks, this helped PUMP inch up from its lows of $0.002 to $0.0034, following a boost from Bybit trading activity. 

For now, PUMP is still being sold by whales, as it retains a long list of early backers. Some early buyers are even selling at a loss to recoup some liquidity. 

Pump.fun aims to rebuild its reputation as the leading platform, as it recently recovered its top spot in terms of new tokens created. In the past 24 hours, Pump.fun deployed 15,031 tokens, while LetsBonk.fun stalled at 12,236 tokens. Other contenders are launching a few hundred tokens, with Bags Tokens achieving 2,569 token launches.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot