Pump.fun flooded 🌊

"Nobody is having fun anymore," said one meme coin trader as Pump.fun is flooded by 10,000 tokens.

Author

Stephen Graves
August 13, 2024

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📝 What you need to know

Meme coin factory Pump.fun was flooded with 10,000 new tokens in a three-hour period following the launch of the “Pump.fun Olympics,” timed to coincide with Donald Trump’s appearance on Twitter Spaces with Elon Musk.

But not everyone was happy. “Nobody is having fun anymore,” one trader posted on Twitter, with just 250 tokens out of 23,000 launched in a 24-hour period qualifying for a listing on Solana DEX Raydium.

Elsewhere, Pump.fun attacker Jarett Dunn could face more than seven years in jail after pleading guilty to siphoning $2 million worth of Solana from the platform. Predictably, meme coins referencing Dunn’s exploits have already sprung up.

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After siphoning $2 million worth of Solana from Pump.fun back in May, Jarett Dunn could face more than seven years in prison.

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