Pump.fun has acquired crypto trading terminal Vyper, which will wind down its standalone product and integrate its infrastructure into the Solana-based memecoin launchpad’s ecosystem.
Vyper announced on Friday that core components of its platform will begin shutting down on Tuesday, with only limited functionality remaining available. Users were directed to Pump.fun’s Terminal—formerly known as Padre—to continue accessing trading tools.
The acquisition underscores Pump.fun’s broader push to consolidate more of the trading stack, spanning token launches, execution, and analytics, as memecoin activity cools following the speculative surge of late 2024 and early 2025. Financial terms of the deal were not disclosed, and Pump.fun did not respond to Cointelegraph’s request for comment before publication.
Expansion beyond token launches
The Vyper deal follows Pump.fun’s earlier moves into trading infrastructure. On Oct. 24, the company acquired trading terminal Padre to enhance liquidity and execution for tokens launched on its platform. Padre was later rebranded and now operates as Terminal.
In January, Pump.fun also launched an investment arm, Pump Fund, signaling what the company described as a shift away from an exclusively memecoin-focused model. Pump Fund debuted on Jan. 20 alongside a $3 million hackathon aimed at supporting early-stage projects, including those outside the crypto space.
Consolidation amid a cooling memecoin market
The expansion comes as memecoin activity has declined from its peak, when celebrities and several government figures launched their own tokens. While Pump.fun’s growth was fueled by intense speculation on Solana, revenues have since dropped as interest in memecoins faded.
According to DefiLlama data, Pump.fun’s monthly revenue peaked at more than $137 million in January 2025, before falling 77% over the following year to around $31 million in January 2026.
In December 2024, the combined market capitalization of memecoins tracked by CoinMarketCap exceeded $100 billion. As of the time of writing, the sector is valued at roughly $28 billion, representing a decline of about 72%.
