Key Highlights
- The update introduces new bonding curve mechanics and different market cap thresholds compared to SOL pairs.
- Pump.fun said the move is aimed at reducing the impact of SOL volatility on token launches.
- The platform stated that USDC-paired pools will maintain the same revenue-sharing and $PUMP buyback structure.
Pump.fun, a decentralized launchpad on Solana, has announced the introduction of USDC trading pairs.
According to an official announcement posted on X, Pump.fun mentioned, “Coin creators can now choose to launch tokens with USDC-paired liquidity pools, aiming to provide greater stability, improved token distribution, and higher ceilings.”
This upgrade has been made based on the challenges identified by the platform in the last few months, when SOL price volatility affected bonding curves. Pump.fun further claims that for pools that were denominated in terms of the SOL token, the starting market cap had been as low as ~$2K with bonding taking place around ~$30K.
Changes through new trading options
Under the new USDC option, launch will feature the following:
- Starting market cap of $4,000
- Bonding curve completion at $58,783
As per the report on Pump.Fun, the cost of obtaining supply increases in the initial phases by about 67% compared to SOL pairs. To illustrate, it costs about $12,161 to bond the USDC token against around $7,276 for SOL, while the first 30% of the supply is $1,682 versus around SOL’s $998.
The platform claims that the model has been created in order to have more market cap certainty & less reliance on SOL performance; the trenches will become a much more retail-friendly experience. The model will also ensure that investors are less exposed to volatility associated with the SOL.
There will be no change in the current business model as a result of introducing USDC pairs. According to pump.fun, 50% of the revenue obtained from both the USDC and SOL pairs will continue to be used for buybacks and burning of $PUMP tokens, consistent with other platform revenues.
Our team has reached out to Solana for its comment on the matter but has not gotten any reply at the time of writing this.
Account breach activity
Last month, Pump.fun faced an account breach, and the platform noted that its official Instagram account has been hacked by an external force. This has been stated in a note on X, which was issued from the official Instagram handle of @PumpfunEco.
As per the update shared, this hacking incident was triggered by some external factors. The platform also asked the user base not to rely on anything that has been put up on Instagram until the matter is sorted out and reassured users that the main platforms and networks remain secure and unaffected.
The update gets mixed community reactions
Early reactions from the community have been diverse, with some welcoming the improvements brought forth, including more stability and the possibility for better launches, while others have raised concerns regarding the lack of accessibility and the implications this may have on the utility of the SOL token.
The new update arrives at a time when Pump.fun is constantly refining its services as part of a maturing memecoin market. In any case, whether this is successful or not will largely depend on metrics such as adoption rate and launch quality.
