
pumpfun just launched a 2-week trading competition with $2.5m in prizes. i looked at the impact it had on the platform's activity on day 1. short answer: no impact. > launches on oct 26: 46,863. the week before averaged 47,440 a day. > after the start (14:14 utc): 26,456 launches. last monday, same hours: 28,004. > pumpfun fees: $1.97m. week average: $1.92m. last monday: $2.34m. > pumpswap fees: $3.08m. week average: $3.10m. activity bounced back from a dead weekend to a normal monday. that's it. day 1 is usually the one with the most activity. if it keeps going like this, pumpfun just threw $2.5m out the window.
