According to Saeed Azimi, Tehran correspondent for France 24, Iran's politicians are considering blocking the Strait of Hormuz in response to US military strikes, a move that could drive oil prices higher and exacerbate stagflation in oil-importing nations like the US. Concurrently, DEXTools.io data indicates the Digital Oil memecoin (OIL) surged over 400% against USD on Raydium, a Solana-based decentralized exchange, following an endorsement by Peter Schiff, as reported on X.

According to Milk Road (@MilkRoadDaily), rumors of an imminent Pumpdotfun token launch have been circulating in the crypto community as of June 4, 2025. These reports highlight increased trader interest in the platform, with on-chain activity and social engagement metrics showing significant spikes in anticipation of a possible token drop (Source: Milk Road, Twitter, June 4, 2025). Traders are closely monitoring Solana-based DEXs and liquidity pools for early signs of listing, as rapid price volatility is expected upon confirmation. The speculation around Pumpdotfun is fueling broader meme coin sector momentum, potentially impacting trading strategies for high-volatility assets and spotlighting Solana ecosystem projects. (Source: Milk Road, Twitter, June 4, 2025)

According to Ai 姨, PumpSwap recorded a 24-hour trading volume of $668,000, ranking 7th among Solana DEXs. This volume is only 0.2% of Raydium's, 0.04% of Uniswap's, and 0.03% of PancakeSwap's volume. The Total Value Locked (TVL) stands at $21.49 million, representing 1.87% of Raydium's, 0.54% of Uniswap's, and 1.28% of PancakeSwap's TVL.