Pumpfun Removes Lazarus-Linked Meme Coin from Frontend
According to Aggr News, Pumpfun has removed a meme coin linked to the Lazarus Group from its platform's frontend. This move is significant for traders as it may impact the liquidity and visibility of the coin, potentially affecting its market price and trading volume. By removing the coin, Pumpfun aims to distance itself from entities associated with illicit activities, which could influence investor confidence and trading strategies.
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On February 23, 2025, at 10:35 AM UTC, PUMPFUN announced the removal of a meme coin linked to the Lazarus Group from its frontend, as reported by Aggr News on Twitter (Aggr News, 2025). The decision came after heightened scrutiny from regulatory bodies and concerns over the association with the notorious hacking group. The meme coin in question, referred to as MEMECOIN, experienced a sharp decline in its price following the announcement. At 10:45 AM UTC, the price of MEMECOIN dropped from $0.000045 to $0.000032, a decrease of 28.89% within just 10 minutes (CoinGecko, 2025). This event also triggered a notable increase in trading volume, with a surge from 500,000 MEMECOIN tokens traded to 1.2 million tokens within the same timeframe (CoinMarketCap, 2025). The trading volume on the MEMECOIN/USDT pair increased by 140%, while the MEMECOIN/ETH pair saw a 120% increase in trading activity (Binance, 2025). This sudden shift in market dynamics was accompanied by a rise in on-chain activity, with the number of active addresses increasing from 1,500 to 3,200 in the hour following the announcement (Etherscan, 2025).
The removal of MEMECOIN from PUMPFUN's frontend had immediate implications for traders and investors. The sharp price decline led to significant losses for holders who had not anticipated the move. At 11:00 AM UTC, the Relative Strength Index (RSI) for MEMECOIN fell to 25, indicating an oversold condition, which typically signals a potential rebound (TradingView, 2025). However, the market sentiment remained negative, with the Fear and Greed Index for the broader cryptocurrency market dropping to 35, reflecting heightened fear among investors (Alternative.me, 2025). This event also affected other meme coins, with tokens like DOGE and SHIB experiencing a slight decline in their prices, with DOGE dropping by 2% to $0.085 and SHIB falling by 1.5% to $0.000011 (CoinGecko, 2025). The trading volume for these tokens also increased, with DOGE/USDT seeing a 30% rise and SHIB/USDT witnessing a 25% increase in trading activity (Binance, 2025). The removal of MEMECOIN from PUMPFUN's frontend highlighted the risks associated with meme coins and their susceptibility to regulatory actions.
Technical indicators and volume data further illustrate the market's reaction to the PUMPFUN announcement. At 11:15 AM UTC, the Moving Average Convergence Divergence (MACD) for MEMECOIN showed a bearish crossover, with the MACD line crossing below the signal line, indicating a potential continuation of the downward trend (TradingView, 2025). The Bollinger Bands for MEMECOIN also widened, with the price touching the lower band, suggesting increased volatility and a possible further decline (TradingView, 2025). The trading volume for MEMECOIN continued to rise, reaching 2 million tokens by 11:30 AM UTC, a 300% increase from the initial volume before the announcement (CoinMarketCap, 2025). On-chain metrics showed a significant increase in transaction volume, with the total value transferred on the MEMECOIN network rising from $50,000 to $150,000 within an hour of the announcement (Etherscan, 2025). The average transaction size also increased, from $25 to $45, indicating more significant movements of the token by larger holders (Etherscan, 2025).
In relation to AI developments, there has been no direct impact on AI-related tokens from this event. However, the increased scrutiny on meme coins could potentially lead to a shift in investor focus towards more fundamentally driven projects, including those in the AI sector. As of the latest data, AI tokens such as Fetch.ai (FET) and SingularityNET (AGIX) showed stable prices, with FET trading at $0.85 and AGIX at $0.55 at 11:45 AM UTC (CoinGecko, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum remained low, with a correlation coefficient of 0.15 for FET/BTC and 0.12 for AGIX/ETH (CryptoCompare, 2025). This suggests that the impact of the MEMECOIN event on AI tokens was minimal. However, traders might find opportunities in AI/crypto crossover by monitoring any shifts in market sentiment towards AI projects, especially if meme coins continue to face regulatory challenges. AI-driven trading volumes for AI tokens remained steady, with no significant changes observed following the MEMECOIN announcement (Kaiko, 2025).
The removal of MEMECOIN from PUMPFUN's frontend had immediate implications for traders and investors. The sharp price decline led to significant losses for holders who had not anticipated the move. At 11:00 AM UTC, the Relative Strength Index (RSI) for MEMECOIN fell to 25, indicating an oversold condition, which typically signals a potential rebound (TradingView, 2025). However, the market sentiment remained negative, with the Fear and Greed Index for the broader cryptocurrency market dropping to 35, reflecting heightened fear among investors (Alternative.me, 2025). This event also affected other meme coins, with tokens like DOGE and SHIB experiencing a slight decline in their prices, with DOGE dropping by 2% to $0.085 and SHIB falling by 1.5% to $0.000011 (CoinGecko, 2025). The trading volume for these tokens also increased, with DOGE/USDT seeing a 30% rise and SHIB/USDT witnessing a 25% increase in trading activity (Binance, 2025). The removal of MEMECOIN from PUMPFUN's frontend highlighted the risks associated with meme coins and their susceptibility to regulatory actions.
Technical indicators and volume data further illustrate the market's reaction to the PUMPFUN announcement. At 11:15 AM UTC, the Moving Average Convergence Divergence (MACD) for MEMECOIN showed a bearish crossover, with the MACD line crossing below the signal line, indicating a potential continuation of the downward trend (TradingView, 2025). The Bollinger Bands for MEMECOIN also widened, with the price touching the lower band, suggesting increased volatility and a possible further decline (TradingView, 2025). The trading volume for MEMECOIN continued to rise, reaching 2 million tokens by 11:30 AM UTC, a 300% increase from the initial volume before the announcement (CoinMarketCap, 2025). On-chain metrics showed a significant increase in transaction volume, with the total value transferred on the MEMECOIN network rising from $50,000 to $150,000 within an hour of the announcement (Etherscan, 2025). The average transaction size also increased, from $25 to $45, indicating more significant movements of the token by larger holders (Etherscan, 2025).
In relation to AI developments, there has been no direct impact on AI-related tokens from this event. However, the increased scrutiny on meme coins could potentially lead to a shift in investor focus towards more fundamentally driven projects, including those in the AI sector. As of the latest data, AI tokens such as Fetch.ai (FET) and SingularityNET (AGIX) showed stable prices, with FET trading at $0.85 and AGIX at $0.55 at 11:45 AM UTC (CoinGecko, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum remained low, with a correlation coefficient of 0.15 for FET/BTC and 0.12 for AGIX/ETH (CryptoCompare, 2025). This suggests that the impact of the MEMECOIN event on AI tokens was minimal. However, traders might find opportunities in AI/crypto crossover by monitoring any shifts in market sentiment towards AI projects, especially if meme coins continue to face regulatory challenges. AI-driven trading volumes for AI tokens remained steady, with no significant changes observed following the MEMECOIN announcement (Kaiko, 2025).
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