Pump.fun is shifting Solana memecoin trading toward stablecoin-based liquidity

▤ Summary

Pump.fun introduced USDC‑denominated trading pairs for new token launches, allowing creators to choose USDC-paired liquidity pools instead of SOL-denominated bonding curves. The platform says the change addresses SOL volatility that had depressed starting market caps and bonding thresholds, and now targets a roughly $4k starting market cap with bonding near $58,783. The update makes early-stage supply more expensive to acquire (about 67% more) and aims to reduce chaotic launch behavior while improving retail accessibility. The shift could reorient Solana memecoin speculation toward stablecoin liquidity, weakening some direct trading dependence on SOL and increasing USDC's role in the on-chain economy.

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