Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to the company growing too quickly. Solana-based memecoin launchpad Pump.fun reportedly fired employees two months before they were due to receive PUMP tokens worth millions of dollars. According to a Friday Sandmark report, at least one Pump.fun worker was due to receive PUMP tokens worth in the seven-figure range. The news outlet reported that Pump.fun co-founder Noah Tweedale said the company “grew too quickly,” resulting in layoffs of an undisclosed number of employees. The employees were reportedly fired in April, just two months before they were due to start receiving the company’s tokens based on agreements signed in 2025. The agreements, according to documents viewed by Sandmark, said that Pump.fun would unlock a quarter of the employees’ allocated tokens in one year, scheduled for June 2026. Read more
Pump.fun launched a new bounty platform where users started funding bizarre memecoin marketing stunts, including forehead tattoos, skydiving as a mascot and setting a vehicle on fire. Solana-based memecoin launchpad Pump.fun introduced a new open bounty platform where users have posted crypto rewards for bizarre promotional tasks, such as tattooing the ticker symbols of memecoins, quitting their current job live on camera or skydiving into a World Cup match. Pump.fun introduced the new platform on Thursday, positioning it as an open marketplace to “complete bounties for ANY task and leverage the power of humans & money across the globe.” The submissions are reviewed by Pump.fun while funds are in escrow. If accepted, the bounty is paid out to the submitter. Pump.fun said that bounties that “may be deemed as spam by X are not allowed” in its Terms and Conditions document. Read more
Pump.fun pulled in $124.7 million in Q1 2026, making it Solana’s largest revenue generator even as memecoin activity cooled, while the network’s RWA market cap crossed $2 billion. Pump.fun remained Solana’s largest revenue generator in the first quarter of 2026, pulling in $124.7 million, more than a third of the network’s $342.2 million in total app revenue, despite cooling memecoin activity. The memecoin launchpad's revenue rose 17% quarter over quarter, a sign that its core business remains resilient, Messari said in its Solana Q1 report. Launchpads generated $144 million in Q1, roughly 42% of Solana’s total app revenue. A standout within the sector was Bags, whose quarterly revenue surged 1,347% to $11.5 million, fueled by a wave of AI-themed memecoins in January. The surge proved short-lived, with monthly revenue dropping 85% by February. Read more
The update allows one fee redirect per token, after which settings are permanently locked to prevent repeated post-launch changes. Memecoin launchpad Pump.fun introduced a new restriction on creator fee settings, limiting token deployers to a single post-launch change in how fees are distributed on the platform. In a post on X, Pump.fun co-founder Alon Cohen said the update aims to reduce “griefing” — where creators alter fee recipients after a token gains traction — and other forms of manipulation tied to fee redirection, where token creators can alter who receives fees after a coin gains traction. Under the change, each token will have one opportunity to redirect creator fees to a different wallet, after which the configuration becomes permanently locked. Read more
The rewards model follows months of criticism that too few Pump.fun traders were breaking even on the platform, let alone profiting. Solana-based memecoin launchpad Pump.fun has rolled out a new feature that shifts rewards toward memecoin traders rather than its deployers — a tweak to its fee model that once generated over $15 million in a single day at its peak. In a post to X on Tuesday, Pump.fun said the platform’s memecoin creators can now decide whether a token “truly deserves” Creator Fees, or whether it’s best to redirect rewards to traders engaging with the token through “Cashback Coins.” Pump.fun’s original model features Creator Fees, giving token creators 0.3% of all fees generated by the tokens they launch. Read more
The deal adds analytics and execution tools to Pump.fun’s ecosystem as Vyper winds down its standalone product and migrates users to Terminal. Pump.fun has acquired crypto trading terminal Vyper, which will wind down its standalone product and migrate its infrastructure into the Solana memecoin launchpad’s ecosystem. On Friday, Vyper said core parts of its product will begin shutting down on Tuesday, while limited functions will remain accessible. Users were directed to Pump.fun’s Terminal (formerly Padre) to continue using the tools. The move reflects a broader strategy by Pump.fun to consolidate more of the trading workflow, from token launches to execution and analytics, as memecoin activity cools from the speculative frenzy of late 2024 and early 2025. Read more