The top US-based crypto exchange by trading volume is helping pump up a popular Solana (SOL)-based memecoin platform with its latest listing.

According to a new announcement from Coinbase, pump.fun (PUMP) is the latest altcoin to be added to the exchange’s suite of digital assets.

“Pump.fun (PUMP) is now live on Coinbase.com and in the Coinbase iOS and Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

Pump.fun has gained popularity as a platform that allows users to create and trade original memecoins without the burden of coding. So far, pump.fun claims to have launched over 11 million tokens and generated $700 million in revenue since its launch in 2024. The platform aims to reward early buyers of new coins and allow the memecoins to “graduate” to decentralized exchange (DEX) trading after certain milestones are surpassed.

Just last week, pump.fun completed one of the fastest-selling initial coin offerings (ICOs) to date.

“The PUMP public sale has now ended. We are delighted to reveal that the PUMP public sale was able to sell out in only 12 minutes. We would like to thank our entire community for participating! The PUMP tokens will now enter the distribution phase.”

All the tokens that were sold through the Pump.fun website and participating crypto exchanges will be transferred 48 to 72 hours after the sale. The tokens will become tradable and transferable once the protocol announces that the process is completed.

In an earlier statement, Pump.fun said that 33% of PUMP’s maximum supply of 1 trillion will be sold in the ICO, 24% is reserved for community and ecosystem initiatives, 20% is allocated for the team, 13% for the existing investors, 2.4% for the ecosystem fund, 2% for the foundation, 3% for livestreaming and 2.6% for liquidity and exchanges.

Following the announcement of the Coinbase listing, pump.fun is worth $0.00568 at time of writing, up 4.5% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Sujha Sundararajan

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Sujha Sundararajan

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Sujha has been recognised as Women In Crypto 2024 by BeInCrypto for her leadership in crypto journalism.

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Last updated: 

June 13, 2025

Solana non-fungible token (NFT) marketplace Solsniper announced Friday that it is shutting down its 3.5 years of operation, including delisting NFTs and removing bids.

The platform will close on June 13, 2025, at 12 PM PST, the post on X, noted.

“We will be automatically delisting everyone’s NFTs from Sniper Marketplace, removing bids, and refunding bid/order balances to your wallets.”

The NFT team said that it will retain rewards leaderboard data for use in future incentive programs. “We don’t plan to stop building anytime soon,” it said.

Solsniper first started as an analytics tool for NFT traders, later expanding to a mobile app, an NFT aggregator, and an NFT marketplace.

Only NFT Products Are Shutting Down: Solsniper Clarifies

In a follow-up post, the platform CEO and founder clarified to users that the platform isn’t wholly shutting down.

“In case anyone was confused. We are NOT shutting down as a company, simply shutting down all of our NFT-related products,” he wrote.

Solsniper noted that it failed to “sustainably run” the NFT marketplace, assuring users that any refund would return to their wallet.

Besides, the CEO further touted that Solsniper has already launched a Telegram trading bot, web trading terminal, and AI trading assistant for memecoins.

The shutdown is unlikely to shake Solana’s core, but cause a short-term NFT trading volume dip, since power users scramble for alternatives.

NFT Trading Volumes Decline

In April, two major NFT marketplaces – Bybit and X2Y2 – announced that they are shutting down, citing a decline in NFT interests and trading volume. Bybit said that it is shutting down in an effort “to streamline our offerings.”

Shortly before closing, Bybit suffered a major security breach, losing nearly $1.5 billion to North Korean hackers. Previous NFT marketplace exits caused short-lived dips but didn’t dent overall growth.

Meanwhile, DappRadar data suggested that the trading volumes of NFTs tumbled 63% since December 2024.

“While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year,” DappRadar analyst Sara Gherghelas, said.