Pump.fun Plans to Raise $600M in Public Sale of PUMP Token: Is LetsBONK’s Success a Concern to Worry About?

Monicah W

X Suspends Pump.fun, Founder Alon Cohen, and Other Memecoin Accounts

The post Pump.fun Plans to Raise $600M in Public Sale of PUMP Token: Is LetsBONK’s Success a Concern to Worry About? appeared first on Coinpedia Fintech News

After months of preparation, Pump.fun, a Solana (SOL)-based launchpad for memecoin, will conduct its initial coin offering (ICO) between July 12 and 15 through the Gate.io cryptocurrency exchange. Pump.fun public token sale will involve 150 billion tokens at an initial selling price of about $0.004.

According to the announcement, the PUMP token will have a maximum supply of 1 trillion tokens, thus a fully diluted valuation of about $4 billion. 

Pump.fun Faces Market Threat 

The Pump.fun platform has registered magnificent results in daily revenue in the past year, fueled by the high demand for Solana-based memecoins. As Coinpedia has reported in the past, Pump.fun developers have deposited hundreds of millions of dollars worth of Solana to different cryptocurrency exchanges.

However, the company’s revenues have been shrinking day by day following the significant traction of LetsBONK.fun platform. 

According to market data provided by Defillama, LetsBONK.fun recorded a daily revenue of more than $1 million compared to Pump.fun’s $533k in the same period. The palpable success rate of LetsBONK.fun is heavily influenced by the Bonk (BONK) memecoin, which is the largest meme project on the Solana network.

With the legal challenges facing the Pump.fun platform, including lawsuits accusing the platform of enabling pump and dump schemes. Furthermore, the Pump.fun platform has a huge number of bots creating tokens every minute, but hardly are the tokens created developed to grow a community.

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Despite a 15% Upswing, Bearish Clouds Continue to Hover Over the Chainlink (LINK) Price Rally—Here’s Why!

Chinalink Poised for a 20% Upswing This Weekend—Will LINK Price Make It to $50 in 2024

The post Despite a 15% Upswing, Bearish Clouds Continue to Hover Over the Chainlink (LINK) Price Rally—Here’s Why! appeared first on Coinpedia Fintech News

Ever since Trump’s tariff war was reinstigated, the crypto markets have shaken a bit. The star token Bitcoin price faced massive upward pressure, dragging the levels below $79,000. Besides, the Chainlink price also plunged from the local highs at $17 to $13, while the bulls quickly triggered a strong rebound. This may suggest a rise from a bearish influence, but in the wider perspective, bearish clouds continue to hover over the LINK price rally as the token has yet to enter the demand zone. 

Does this suggest Chainlink may validate a fakeout? Will the LINK price drop below $10? 

The LINK price gained immense attention ever since it broke out from the prolonged consolidation in 2023. Since then, the price has maintained a healthy ascending trend and marked interim highs above $30. However, the bullish dominance over the rally faded, causing the price to plunge close to $13. Currently, the price has triggered a rebound from the lows, but a couple of factors suggest the price is still under massive bearish pressure.  

Data from Santiment suggests the whales have halted accumulating LINK, which raises concerns over the next price action. 

The above chart shows that the supply held by the top LINK addresses has halted accumulating the tokens since mid-December. Before this, the whales had been constantly accumulating the tokens and a sudden halt in the accumulation suggests the decrease in the confidence of the whales. Currently, the top 5 wallets are holding nearly 18.15% of the entire supply, worth nearly $2.93 billion. Meanwhile, it may also be considered as the whales stacking the tokens, aiming to prepare for a big move. 

Will LINK Price Rise Above $20 or Drop Below $10?

The LINK price has been forming constant lower highs and lows, indicating the rising strength of the bears. Although the bulls have triggered a bullish rebound, the price continues to remain under bearish influence until the token does not clear a pivotal resistance zone. The price rose above $16.5 in the early trading hours but quickly faced a 5% pullback, suggesting a strong presence of the bears. 

The price has triggered a strong rebound but is expected to trade within a consolidated zone. The DMI is preparing for a bullish crossover, but the ADX is preparing for a bearish divergence. Besides, the RSI remains elevated, hinting towards the growing strength of the rally. On the other hand, the volume remains restricted below the average levels, hinting towards a drop in the volatility. Therefore, the Chainlink (LINK) price is believed to accumulate within a narrow range for a while and may trigger a bullish rebound once the buying pressure increases. 

Although the bullish potential remains lower, the LINK price is not subjected to dropping to $10 as the market sentiments have not turned completely bearish. Therefore, after choppy behaviour, the Chainlink price is believed to trigger a huge breakout to $20. 

The post Despite a 15% Upswing, Bearish Clouds Continue to Hover Over the Chainlink (LINK) Price Rally—Here’s Why! appeared first on Coinpedia Fintech News
Ever since Trump’s tariff war was reinstigated, the crypto markets have shaken a bit. The star token Bitcoin price faced massive upward pressure, dragging the levels below $79,000. Besides, the Chainlink price also plunged from the local highs at $17 to $13, while the bulls quickly triggered a strong rebound. This may suggest a rise …

Base’s Jesse Pollak Rallies Support to Back On-Chain Creator Coin Index

Base creator Jesse Pollak is calling on crypto funds to seize a “no-brainer” opportunity to take a $5 million+ long position in a diversified index of on-chain creator coins.

The interest comes amid growing interest in the on-chain economy at both institutional and political levels.

On-Chain Creator Coins as a New Investment Frontier

Jesse Pollak’s remarks, shared on X (Twitter), kicked off a discussion about the financial infrastructure needed to back what some see as the next frontier of crypto, the on-chain creator economy.

“Who is going to be the first fund to take a scaled (e.g. $5m+) long hold position in an index of on-chain creators? Seems like a relatively no-brainer opportunity to win as the on-chain creator economy grows,” Pollak wrote.

The post drew immediate engagement, with OctaneAI CEO Matt Schlicht asking about the prospective starting point for such an initiative.

The idea echoes traditional venture allocation frameworks such as US treasuries going on-chain and the S&P 500 doing the same on Avalanche via Centrifuge.

However, in Pollak’s case, the application is to individual content creators who tokenize their output or influence via on-chain assets.

According to the Base chain executive, each creator should have a primary token that ties to their content coins.

“One creator coin that is paired with every piece of content coin,” he explained, in response to questions about the structure.

The comments align with Pollak’s vision of turning Base into the foundational layer for on-chain culture and content.

BeInCrypto reported that Base’s vision is to expand the on-chain creator ecosystem, fostering virality and creativity. It also aims to lower the barrier for non-crypto users to engage with blockchain technology.

BeInCrypto also reported Jesse Pollak’s view on content coins, citing the potential to empower creators without reliance on speculative communities.

Meanwhile, indexing creator coins could signal a new investment category in crypto, going beyond protocol tokens and toward individuals or communities with influence.

Nevertheless, while creator coins are not new, large-scale investment and valuation infrastructure remain underdeveloped.

Pollak’s push may be an early effort to change that. His approach borrows from venture capital and meme coin mechanics. However, it targets long-term exposure to a growing sector.

It also mirrors the early days of NFT indexing, but with creators as the anchor rather than digital art or collectibles.

With content coin experiments already live on Base and a wave of new creators testing token-based economies, funds that move early may help shape and capitalize on the emerging on-chain attention economy.

The post Base’s Jesse Pollak Rallies Support to Back On-Chain Creator Coin Index appeared first on BeInCrypto.

White House to Release Crypto Policy Report on July 30, XRP and Bitcoin in Focus

White House to Release Crypto Policy Report

The post White House to Release Crypto Policy Report on July 30, XRP and Bitcoin in Focus appeared first on Coinpedia Fintech News

The mood in the markets is cautious as investors brace for a packed week. The crypto world is watching closely as the White House is set to release its first major crypto policy report on July 30. 

This is a big moment for the US crypto industry, as the report comes after a 180-day review under Executive Order 14178. It replaces older Biden-era rules and aims to bring a fresh and clearer approach under the Trump administration. The new rules could change how crypto is seen in the US and even influence other countries. 

On the same day, the Federal Open Market Committee (FOMC) is expected to maintain its current interest rate range of 4.25%–4.50% on Wednesday. Any signs of a softer stance could spark another rally in cryptocurrencies and stocks. 

A new rulebook for crypto

The report will focus on giving clear guidelines to crypto companies and investors. It will create a new structure for how US agencies like the Fed and FDIC handle crypto oversight. This means the days of confusion between the SEC and CFTC might be over. These changes follow the GENIUS Act, which was recently signed by Donald Trump. The goal is to create rules that don’t block innovation but still protect users.

Stablecoins are getting major attention in the report. New rules may include licenses for stablecoin issuers, access to Federal Reserve payment systems, and stronger backing requirements for tokens pegged to the dollar. This move could push global adoption if the US treats stablecoins as real financial tools. On the flip side, the report might also call for a ban on central bank digital currencies, showing strong support for private crypto use.

Bitcoin may become a national asset

The most exciting part is the talk about a US Strategic Bitcoin Reserve. The government may officially use the nearly 200,000 BTC it has seized to build this reserve. If this happens, Bitcoin could be treated like gold and seen as a key part of the US financial system. There’s also buzz about a national stockpile of other digital assets like XRP, which could change the game for altcoins.

Crypto Impact

This report could be a huge boost for the crypto market. Clearer rules will help companies grow and make it safer for regular people to invest. If Bitcoin becomes a strategic asset, it could trigger a big rally. And with other countries likely to follow the US lead, this could be the start of a whole new phase for crypto worldwide.

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The post White House to Release Crypto Policy Report on July 30, XRP and Bitcoin in Focus appeared first on Coinpedia Fintech News
The mood in the markets is cautious as investors brace for a packed week. The crypto world is watching closely as the White House is set to release its first major crypto policy report on July 30.  This is a big moment for the US crypto industry, as the report comes after a 180-day review …