Wu said that, according to SolanaFloor, the Solana token issuance platform Pump fun will enable USDC pairing for newly issued tokens starting May 21, with existing SOL paired tokens unaffected. Since launching in January 2024, the Pump fun token graduation mechanism is estimated to have locked at least 5.07 million SOL (about $430 million) in liquidity pools, and this adjustment may impact SOL ecosystem fund flows. Previously, most of Pump fun's trading fees were denominated in SOL, requiring the platform to convert part of its income into stablecoins, which sparked controversy over "extracting value from the Solana ecosystem." This adjustment comes shortly after Solana Foundation Chair Lily Liu stated that "memecoin does not define Solana."

SOL2.23%
PUMP6.51%
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