Pump.fun has acquired cryptocurrency trading terminal Vyper, which will end its standalone product and migrate its infrastructure to memecoin startup Solana’s ecosystem.
Vyper on Friday he said Core parts of the product will begin disabling on Tuesday, with confined features remaining available. Users were directed to the Pump.fun (formerly Padre) terminal to continue using the tools.
The move reflects Pump.fun’s broader strategy to consolidate more trading processes, from token launch to execution and analytics, as memecoin activity cools after the speculative frenzy of tardy 2024 and early 2025.
The companies did not disclose the financial terms of the transaction. Pump.fun did not respond to Cointelegraph’s inquiry prior to publication.
Expansion beyond token launch
Pump.fun’s acquisition of Vyper follows earlier moves in the trading infrastructure. On October 24, Pump.fun acquired Padre trading terminal to strengthen liquidity and improve the execution of tokens launched on its platform. Padre was later renamed and now operates as Terminal.
In January, Pump.fun also launched an investment arm called Pump Fund, which the company described as a shift away from focusing solely on memecoins.
On January 20, the Pump Fund debuted during a $3 million hackathon aimed at supporting early-stage projects, including those not directly related to cryptocurrencies.
Related: MEV trade returns to court as part of Pump.fun class action lawsuit
Consolidation in the face of a cooling memecoin market
The expansion comes as memecoin activity has fallen from its peak, with celebrities and several government leaders launching their own tokens. Pump.fun’s growth was fueled by intense speculative activity on Solana, but revenue has since declined as memecoin’s popularity has declined.
Data from DefiLlama can be seen that Pump.fun’s monthly revenue peaked at over $137 million in January 2025. The following year, that number dropped by 77%, and in January 2026, the platform generated approximately $31 million.
As of December 2024, the estimated market capitalization of memecoins tracked by CoinMarketCap exceeded $100 billion. At the time of writing, the sector was valued at around $28 billion, down around 72%.
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