Pump.fun, a Solana-based meme coin platform, announced it acquired the trading terminal Vyper. The deal is viewed as a strategic expansion beyond token issuance to include trade execution and analytics. Pump.fun said it would discontinue key features of Vyper’s service starting on the 10th and redirect users to its integrated Terminal platform. The Terminal was relaunched from Padre, the trading platform it acquired in October last year.
The precise purchase price was not disclosed. Pump.fun did not respond to press inquiries.
Market dynamics have cooled since meme coins surged late in 2024. Pump.fun’s revenue peaked in January 2025 at about $137 million and fell to about $31 million by January 2026, a 77% drop. In January 2026, Pump.fun established the Pump Fund, a $3 million investment arm, and launched a hackathon to back early-stage projects, including some not directly crypto-related. These acquisitions are framed as strengthening trading throughput and analytics, enabling an ecosystem that unifies token issuance, trading, and performance analysis on a single platform.
Industry observers say the move signals a shift from hype-driven meme-coin activity to platform-level competition, with core robustness and revenue foundations likely determining winners in a cooling market. With a focus on core robustness and revenue foundations, Pump.fun aims to survive the cooler market by building durable value. The success of this strategy will depend on its ability to sustain reliable trading infrastructure and analytics capabilities.
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