Latest news with #Pumpfun
Yahoo
08-08-2025
- Business
- Yahoo
Trollface Creator Says Crypto ‘Diminishes' Art, Rules Out Legal Action on $200M Meme Coin
Creator of the vintage internet meme Trollface told Decrypt that he has 'no interest' in getting involved in the surging Solana meme coin based on his creation, as crypto's capitalistic nature interferes with artistic expression. That said, he ruled out pressing legal action against the token despite his apparent promotion of a separate Troll token earlier this year… and then again on Tuesday. Carlos Ramirez, known as Whynne online, told Decrypt in his first interview in 10 years that he is 'constantly' being approached with offerings of token supply for Trollface-related meme coins, but called it a 'cursed proposition' as he wouldn't be able to sell the supply without crashing the token. 'The money means nothing to me if I can't sell it, but if I sell it, I crash the coin. And frankly, I do not want to be responsible for other people's financial ruin,' Ramirez told Decrypt. When Decrypt explained that the Troll token deployer has earned more than $64,000 in Solana tokens via the creator revenue sharing feature on Ramirez pushed back on engaging with the community even further. 'I'd prefer to never interact with such people. I know them too well. They aren't interested in creating anything of value,' Ramirez told Decrypt. 'It's nothing personal. I just want to create art. I'm all for crypto as a technology for financial freedom and getting away from government reach. But the idea of crypto art just diminishes the art aspect. Too much profit motive for the expression to be genuine.' 'I made it clear many times before that I wanted nothing to do with it, and they don't listen,' he added. 'I didn't ask them to mint like 30 different Troll tokens on Bags. People just want to make money on my name.' The Troll meme coin has skyrocketed more than 1,050% in value over the past two weeks, from a market capitalization of $16.12 million to more than $184 million. It is now the 32nd largest meme coin in the world, per CoinGecko, ahead of the likes of Moo Deng, Aura, and Melania Trump's official token. In its wake, tons of copycat and related tokens have spawned across multiple launchpads, including Bags, which allows deployers to share trading fees to a user on X, formerly Twitter. 'If people want to divert royalties to an address only I can access, that's fine,' Ramirez said. 'Like, I can't really stop them. I'll take whatever they throw at me, but if they think it means I owe them something, then they're mistaken.' In April, when the meme coin first rose from nowhere to touch a $42 million market cap, Ramirez attempted to jump on the crypto wave. He promoted a rival Troll token on X, branded as the project backed by the official artist, which hit a $14 million market cap. Those posts have since been deleted, and the token faded into obscurity. When Decrypt asked if that token came as the result of a hack, Ramirez replied, 'You could say that. But I don't really want to speak on it. I have no relationship with any Trollcoin developers.' Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered Decrypt then pushed him to answer whether he was or wasn't hacked. In response, he said, 'If I said I was, would it matter? People already have their own story. Let them believe whatever they want. I'm not really interested in setting the record straight.' 'I'm just not interested in any kind of involvement. On basically any level,' the artist told Decrypt. Just a day later, he promoted another rival Troll meme coin on his social media. This time, the token was created via the rising launchpad Bags. Considering what he had said in the past, it's likely he did so because the Bags token was sharing fees with his X account. By contrast, the platform on which the major token was created, shares trading fees with the token deployer, which would require the artist to be more directly involved with the project to redeem. Ramirez did not respond to Decrypt's request for comment on the matter. The post caused the token to spike to a $900,000 market cap before crashing 97% to $27,833, all within an hour. In his last interview with Kotaku, Ramirez revealed that he registered Trollface in the U.S. Copyright Office in 2011. From then until the article's publication in 2015, he estimated that he made over $100,000 in licensing fees, settlements, and other payouts associated with trollface. By 2015, Ramirez said that the checks had started to get smaller as the meme's hype died out. 'Carlos Ramirez is the owner and creator of Trollface, from publication in 2008, and he went beyond by filing for a U.S. copyright registration in 2010,' Eliana Torres, an intellectual property attorney, told Decrypt. 'That registration gives him the full set of legal rights of reproduction, licensing, and enforcement. And the fact that it went viral doesn't change that.' 'If such a crypto project uses Trollface in its branding, token art, or marketing without a license, Carlos has a strong basis to claim copyright infringement,' Torres added. 'He can demand takedowns, sue for damages, and seek an injunction. And because the copyright is registered, he can go after statutory damages and attorneys' fees too.' Despite his legal capability to press legal action, Ramirez ruled out such a scenario to Decrypt. 'I'm not going to do anything,' Ramirez told Decrypt. 'I endorse nothing and I will interfere with nothing. They can do what they want,' the artist said, before promoting the rival meme coin on his social media. Nirav Murthy, co-founder and co-CEO of IP-focused blockchain Camp Network, confirmed to Decrypt that the artist could still change his mind and pursue legal action. The Troll meme coin team did not respond to Decrypt's request for comment. 'Truthfully, I just don't care about trollface like that,' Ramirez added. Bitcoin Regains Perch Above $115,000 as Crypto Markets Rebound Instead, the artist said that he wants to focus on other original characters he is working on. After all, Trollface was spawned on a sleepless night while in college, doodling on MS Paint. But he refused to reveal any details about it, out of fear that it would be turned into a meme coin. 'I have other original characters and ideas that I'd like to bring to life. And I know that if I talk about them at any length before I release them into the wild, they'll get minted and cheapened as crypto assets before I have any say in it,' Ramirez told Decrypt. 'So I prefer to keep quiet about what I do. It will come out when it's ready.' That said, he told Decrypt that he is working on a video game and has been for a while. Ramirez said that the game will fall into an entirely new genre and that his name won't ever be tied to it. 'When it comes out you won't know I had anything to do with it. And I intend to keep it that way as long as I can,' Ramirez said. 'I'm not talking about it with anyone but I'm sure one of my friends will spill the beans eventually. It isn't close to being done, so I wouldn't think about it too much.' Sign in to access your portfolio
Yahoo
25-07-2025
- Business
- Yahoo
Pump.fun ICO raises $500m in minutes after quiet token allocation scale-back
An initial coin offering, raising $500 million in the time it takes to brew a pot of coffee. You'd think we were back in 2017. token sale sold out in just 12 minutes on Saturday, capping off one of the fastest and largest raises in recent crypto memory. But while the ICO was a technical success, the sale quietly wrapped with 25 billion fewer tokens sold than originally planned. The project had previously said 150 billion PUMP tokens, out of a 330 billion total ICO allocation, would be offered to the public at $0.004 each. That implied a $600 million raise. But the live dashboard confirm just 125 billion tokens were sold, pulling in $500 million — about 83% of the originally stated public allocation. No announcement or explanation was given for the reduction. Chaos, controversy, competition In the past year alone, has generated over $720 million in fees from thousands of rapid-fire token launches, while critics say it profits from speculative churn and leaves retail users holding the bag. Its livestream feature, designed to let creators promote their memecoins in real time, became a magnet for chaos. Users performed stunts, threatened pets, and even staged suicide attempts in a bid to pump their tokens' value. ICO also comes as the memecoin market enters a cooling phase. Since peaking at $127 billion in December, the segment has slumped to $56 billion. The platform has also started losing ground to rising competitor LetsBonk, a newer memecoin generator that now hosts twice as many daily token launches. Still, is pressing ahead with its vision. 'Our plan is to kill Facebook, TikTok, and Twitch. On Solana,' the team wrote earlier this week. Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gizmodo
14-07-2025
- Business
- Gizmodo
The Casino Social Media PlatformThat Wants to ‘Kill' Facebook and TikTok
a viral crypto launchpad built on Solana, says it wants to 'kill Facebook, TikTok, and Twitch.' If that sounds like meme-fueled madness, it might be, but it also just pulled off one of the most astonishing fundraising feats in recent memory, raking in an eye watering $600 million in 12 minutes through a public token sale. That's a number even Meta would envy. The July 12 offering marked the debut of $PUMP, the platform's official token. offered 15% of its 1 trillion token supply to the public at $0.004 per token across crypto exchanges like Kraken, KuCoin, and Bitget. The sale was supposed to run for three days. It sold out in 12 minutes. Launched in January 2024, lets anyone create and trade tokens in seconds. Think of these tokens as unique digital assets, almost like custom digital money or shares in a very niche online community. Many of these are 'memecoins,' cryptocurrencies that gain value primarily from internet hype and community buzz rather than traditional business models. called itself a 'decentralized social casino' where memes and market speculation collide. So far, it has launched more than 11 million tokens and generated over $750 million in protocol revenue, making it one of the fastest-growing crypto projects ever. Think of it like Reddit meets Robinhood meets a Vegas slot machine. Users create tokens, hype them up, and hope the internet catches on. Creators get attention. Traders get volatility. Everyone chases the next pump. Now, with $PUMP, the company wants to take things even further. but that was just the beginning we're building pump fun to replace existing social platforms with one that gives instead of takes whether you're a trader, creator, startup founder, or anyone else, pump fun will allow you to tap into a global network of instant money & attention — (@pumpdotfun) July 9, 2025According to the team, the $PUMP token is designed to be the fuel for a new kind of internet, one that rewards creators and users directly, not the platforms. Its roadmap includes incentives like fee rebates, token buybacks, and sharing revenue with token holders. But the core pitch is simple: Replace your social network with a trading protocol. 'We're building to replace existing social platforms with one that gives instead of takes,' the company wrote. 'Whether you're a trader, creator, startup founder, or anyone else, will allow you to tap into a global network of instant money and attention.' To be clear, is not a social media app in the traditional sense. It's a token casino with a meme strategy. But in 2025, that might be close enough. Memecoins are no longer a joke. They're a strategy. Platforms like and its competitors (such as LetsBONK) are transforming crypto from a financial product into a cultural product. They're moving fast, breaking things, and skipping the app store entirely. In the Web3 world, tokens are content. Hype is marketing. And attention is capital. And if you're wondering how it all scales, it already has. The $600 million raise puts in a league of its own. Even major crypto exchanges like Bybit couldn't keep up, citing API overload during the sale. Trading for $PUMP has since launched on Bitget and other crypto exchanges. If this all sounds too good to be true, regulators seem to agree. The token sale excluded U.S. and U.K. residents due to legal concerns. Meanwhile, competitors like LetsBONK are gaining ground fast. And there's no guarantee that promised incentives will materialize. But if money is attention and memes are the message, may have already cracked the code for the next generation of digital platforms. The social internet might not be dead. It might just be tokenized.
Associated Press
24-06-2025
- Business
- Associated Press
SolanaPortal Unveils High-Performance APIs to Accelerate Solana Ecosystem Trading
SolanaPortal introduces a suite of powerful APIs—Pumpfun, Raydium, Meteora, Jupiter, and Moonshot—designed to streamline decentralized finance (DeFi) trading on the Solana blockchain. These APIs empower developers to build fast, cost-efficient, and scalable decentralized applications (dApps) while benefiting from Solana's low-fee, high-speed network. Pakistan, June 24, 2025 -- SolanaPortal, a cutting-edge provider of decentralized exchange (DEX) APIs, has officially launched its suite of APIs: Pumpfun, Raydium, Meteora, Jupiter, and Moonshot. These APIs are specifically designed to enable seamless, high-performance trading experiences for developers building on the Solana blockchain. By providing easy-to-use and highly efficient interfaces, SolanaPortal aims to simplify integration and foster growth within the DeFi space. Solana has gained considerable attention in recent years due to its scalability and speed, making it a leading choice for blockchain-based applications. However, the complexities of managing liquidity and facilitating cross-platform trades have been a challenge for developers. SolanaPortal's new API solutions provide a seamless way to integrate DEX functionalities, offering both flexibility and ease of use. API Features: SolanaPortal's suite of APIs includes: SolanaPortal APIs deliver performance and flexibility: The APIs provided by SolanaPortal stand out for their performance, flexibility, and developer-friendly features. SolanaPortal addresses common challenges developers face, including managing high-speed transactions, liquidity aggregation, and data visualization. Real-World Applications and Use Cases SolanaPortal's APIs have found real-world applications in various industries, from token trading to decentralized finance (DeFi) protocols. With over 1,000 developers and companies using its APIs globally, SolanaPortal is helping drive the next wave of innovation in the Solana ecosystem. SolanaPortal's APIs are designed for a wide range of use cases, including: Future of DeFi on Solana Solana has rapidly become one of the most attractive blockchains for decentralized finance (DeFi) due to its scalability, speed, and low fees. With SolanaPortal's APIs, developers now have access to a suite of tools that can facilitate seamless trading, liquidity aggregation, and cross-chain interoperability. As the DeFi sector grows, SolanaPortal is well-positioned to be at the forefront of this revolution, offering tools that are both cutting-edge and accessible. About SolanaPortal SolanaPortal is a leading provider of decentralized finance (DeFi) APIs for the Solana blockchain. The platform offers high-performance APIs for trading, liquidity aggregation, and cross-chain functionality. With a focus on scalability, low fees, and developer-friendly integration, SolanaPortal is helping build the future of decentralized finance on the Solana blockchain. For more information, visit: About the company: SolanaPortal is a leading provider of decentralized finance (DeFi) APIs for the Solana blockchain. Contact Info: Name: Saleem Raza Email: Send Email Organization: SolanaPortal Website: Release ID: 89163050 In case of identifying any errors, concerns, or inconsistencies within the content shared in this press release that necessitate action or if you require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team is committed to addressing your concerns within 8 hours by taking necessary actions diligently to rectify any identified issues or supporting you with the removal process. Delivering accurate and reliable information remains our top priority.
