Pump.Fun and Telegram bots accounted for nearly $50 million of revenue in June.

A Twitter user claiming to be the former Pump.fun employee who stole $1.9M from the platform says the project is planning an airdrop.

Pump.fun has redeployed the contracts, and trading is now live with 0% fees for the next seven days.

The Solana-based memecoin platform has become a favored venue for token launches in recent weeks.

The memecoin launchpad raked in $3.3 million over the past seven days, putting it in second place behind Ethereum.