Pump.fun Launches Glass Full Foundation to Stabilize Liquidity Amid 97% Revenue Drop

Pump.fun, a Solana-based memecoin launchpad, has unveiled the Glass Full Foundation in a bid to stabilize liquidity within its ecosystem as its daily revenue has dropped by 97% from a peak of over $7 million in January to approximately $200,000 by early April [1]. The foundation aims to provide liquidity to select tokens, including Fartcoin, which remains the largest token in the Pump.fun ecosystem with a valuation exceeding $1 billion, and Peanut the Squirrel, valued at $253 million [1]. The move reflects a strategic response to declining user engagement and heightened competition from rival platforms such as LetsBonk.fun, which has recently gained traction in the market [1].

According to Pump.fun’s announcement, the Glass Full Foundation will “inject significant liquidity into ecosystem tokens to support our most diehard cults,” though the company has not disclosed the source of funding or specific criteria for selecting projects to support [1]. Initial liquidity deployments have already begun, with further injections planned in the coming period. The initiative is designed to stabilize trading activity and reduce price volatility for tokens within the Pump.fun ecosystem during a period of market uncertainty [1].

The platform’s financial decline coincides with the rise of LetsBonk.fun, a competing launchpad tied to the Bonk community. In recent weeks, LetsBonk.fun has captured significant market share, becoming the highest-grossing and most active launchpad in terms of token issuance last month [1]. This shift underscores the volatile and community-driven nature of the memecoin market, where user sentiment and engagement can quickly determine a platform’s success or decline [1].

On-chain data highlights the sharp drop in Pump.fun’s revenue, illustrating the cyclical nature of the cryptocurrency market and the challenges platforms face in maintaining steady income streams [1]. Memecoin launchpads, such as Pump.fun, typically generate revenue through trading fees and token creation costs, making liquidity and user participation critical to financial sustainability [1]. The launch of the Glass Full Foundation suggests a recognition of these challenges and a strategic attempt to retain key projects within its ecosystem [1].

The foundation’s focus on high-value tokens may signal an effort to attract larger investors and traders who are less sensitive to market fluctuations and more likely to provide long-term support. However, with a significant portion of the market now shifting to competitors, the success of this initiative will depend on its ability to restore confidence and attract new users during a period of heightened competition [1].

Source: [1] Pump.fun Creates Liquidity Foundation as Revenue Plummets From $7 Million Peak (https://coinmarketcap.com/community/articles/6895de82fbf0d76ec0d0a75c/)