Pump.fun has acquired crypto trading terminal Vyper and will wind down Vyper’s standalone product while migrating its infrastructure into Pump.fun’s Solana memecoin launchpad ecosystem. Vyper said core parts of its product will begin shutting down on Tuesday, with limited functions remaining available. Users were directed to Pump.fun’s Terminal (formerly Padre) to continue using the tools.
The deal is part of Pump.fun’s broader strategy to consolidate more of the trading workflow — from token launches to execution and analytics — as memecoin activity cools from the speculative frenzy of late 2024 and early 2025. The companies did not disclose financial terms. Pump.fun did not respond to a Cointelegraph request for comment before publication.
This acquisition follows earlier moves into trading infrastructure. On Oct. 24, Pump.fun acquired trading terminal Padre to strengthen liquidity and improve execution for tokens launched on its platform; Padre was later rebranded as Terminal. In January, Pump.fun launched an investment arm called Pump Fund, signaling a pivot away from a pure memecoin focus. Pump Fund debuted alongside a $3 million hackathon aimed at backing early-stage projects, including some outside crypto.
The expansion comes amid a pronounced cooling of the memecoin market. Pump.fun’s growth was driven by intense speculative activity on Solana, but revenue has fallen as memecoin popularity weakened. DefiLlama data shows Pump.fun’s monthly revenue peaked at more than $137 million in January 2025, then declined about 77% over the following year to roughly $31 million in January 2026.
Memecoin market capitalization also contracted sharply: in December 2024, memecoins tracked by CoinMarketCap surpassed $100 billion; at the time of this article the sector was valued at about $28 billion, a decline of roughly 72%.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
