PUMP Jumps 10% Following Coinbase’s Listing Announcement on Solana Network

In a significant development, PUMP, the native token of Pump.fun, has recorded a notable 10% increase today. The surge comes following Coinbase’s announcement of its listing on the Solana network. The token’s addition indicates its potential to become a more widely traded cryptocurrency. 

Coinbase will add support for https://t.co/B5KkYkcKEp (PUMP) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase @CoinbaseExch in the regions where trading is supported.

— Coinbase Assets 🛡️ (@CoinbaseAssets) July 15, 2025

Coinbase’s decision to list PUMP aligns with its broader strategy to diversify its crypto offerings to include memecoins. It also aims to attract a wider user base. According to the exchange, the asset’s trading is scheduled to begin on or after 9 AM ET today if liquidity conditions are met. 

PUMP Soars 10%

Once enough PUMP has been deposited onto the platform, Coinbase will begin enabling trading of the PUMP‑USD pair in phases. Rather than launching everything all at once, the exchange aims to enable trading in stages based on available supply, liquidity levels, and overall market readiness. Notably, the exchange warned against sending the asset over other networks as it could lead to a loss of funds. 

Moreover, Coinbase highlighted that support for the token may be restricted in some jurisdictions. To aid users in making informed trading decisions, the platform added an Experimental asset label to PUMP. 

According to Coinbase, this feature is usually added to new assets to encourage customers to exercise caution when trading the tokens. This listing on the Solana network is anticipated to enhance liquidity and broaden the token’s accessibility to a wider audience. 

Following the announcement, PUMP’s price rose by 10% to trade around $0.0059 with a market cap of over $2 billion. However, the token has shed some of its gains at the time of writing. A further look at market data shows that there has been a remarkable surge in PUMP trading volume.

According to data from Coingecko, the token is currently sitting at over $1 billion over the past 24 hours. This metric reflects a 4,895.80% increase, signalling strong investor interest. 

PUMP Captures Market Interest 

Pump.fun, the platform behind the PUMP token, has emerged as a prominent launchpad for memecoins on the Solana blockchain. Since its inception in January 2024, it has facilitated the creation of millions of memecoins. This achievement makes it one of the fastest-growing platforms in the crypto space.

The platform recently concluded its initial coin offering (ICO), which was met with overwhelming enthusiasm. The sought-after ICO was completed in 12 minutes, raising $500 million from the sale of 125 billion tokens. This rapid fundraising effort resulted in a fully diluted valuation of $4 billion for Pump.fun. 

Furthermore, the token has seen increased interest from major investors, often referred to as “whales.” According to Onchain Lens, three large wallets collectively spent over $7 million to buy PUMP at a discounted price. The first whale spent $2.96 million to buy 542.96 million worth of PUMP.  The other two purchased 362.59 million PUMP for $2.1 million and 355.51 million tokens for $2 million respectively. 

Moreover, Nansen data shared that the top 100 wallets accumulated 918 billion PUMP in the past seven days. This high-scale whale activity indicates the token has captured market interest and big investors are bullish on the asset. In a related development, a trader lost more than $75,000 worth of PUMP by accidentally burning the tokens. The error occurred when he was attempting to dispose of scam coins from his wallet.

The post PUMP Jumps 10% Following Coinbase’s Listing Announcement on Solana Network appeared first on Cointab.