Memecoin

A wallet linked to an alleged theft of US government-seized crypto launched a Solana memecoin on Pump.fun that later crashed 97%, raising tokenomics red flags.

The Nietzschean Penguin (PENGUIN) memecoin had a market capitalization of about $387,000 before the US White House published its post.

Pump Fund will kick off with a hackathon and back up to 12 projects at $250,000 each at a $10 million valuation.

Memecoin trading volume briefly spiked to $5.6 billion on Monday, with analysts suggesting speculative momentum for memecoins may have now cooled.

The Solana-based NYC Token briefly surged before plunging shortly after launch, with Eric Adams saying proceeds would fund education initiatives.

Memecoin launchpads such as pump.fun flooded the market in 2025 with millions of “low effort” coins, leading to a record number of crypto token failures.

Pump.fun is introducing a new creator fee sharing system that lets teams and CTO admins split fees across up to 10 wallets, transfer coin ownership and revoke update authority.

Memecoins fell 65% over 2025 as risk-taking behavior dropped among traders, but the tokens are seeing gains as positive sentiment returns to crypto.