Pump.fun Enables Memecoin Pairs Against Tokenized Stocks on Solana
Pump.fun (PUMP)
Editor:
Eugene Serbin
news.bitcoin.com reports that Pump.fun now allows users to launch tokens paired directly with tokenized stocks, crypto majors, and metals on Solana. This update introduces Custom Pairs through xStocks and Sunrise, supporting 93 asset pairs and reviving regulatory questions for tokenized equities. Twenty new stock tokens issued by Backpack Securities are live, including shares from Boeing, Alibaba, Costco, Dell, IBM, Johnson & Johnson, Lockheed Martin, Reddit, Rivian, Shopify, and UPS.
These tokens are redeemable 1:1 for underlying shares and can be transferred to traditional brokerages. Creators can launch tokens against assets like NVDAx or TSLAx instead of using SOL or stablecoins as the quote asset. Trading fees can be paid out in the paired token, with half of all revenue flowing into a programmatic PUMP buyback-and-burn contract.
Creators may charge between 0.05% and 1% or offer a cashback model that returns fees to users. DeFi commentator Ignas warned that such models become fragile when speculation cools, noting that volume drops can cause payouts and buybacks to disappear. He cited Coinbase’s 2021 cycle where quarterly trading volume fell roughly 74% within a year, suggesting memecoin activity could decline even more sharply. This launch follows a public clash between AMC CEO Adam Aron and Robinhood CEO Vlad Tenev over tokenized equities on Robinhood Chain.
How the market reacted
Whalio's own Binance spot order flow for PUMP, measured when this story was written up on 10 September 2026. Not the outlet's figures.
PUMP is currently trading at $0.004090 with a 24-hour spot volume of $67,424,902. The 24-hour buy ratio stands at 49.9%, while the 1-hour ratio has dropped to 38.5%, indicating that short-term buying pressure is fading compared to the longer timeframe. The 4-hour buy ratio is 47.0%, showing a continued decline in buying intensity over the last few hours. Volume Delta reflects this trend, with a net outflow of -$253,132 in the last hour and -$349,897 over four hours. Over the past 24 hours, the Volume Delta is -$46,724, and the Cumulative Volume Delta (CVD) closed at -$2,974,252. Net buying occurred in only 7 of the last 24 hours, suggesting that sellers have dominated the recent flow.
The latest daily buy ratio of 50.6% sits at the 63rd percentile of the last 322 days, against a median of 49.3% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PUMP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.8%, making the current 24-hour ratio of 49.9% slightly below the weekly norm by 0.9 points. However, the 24-hour volume is 1.84 times the weekly average, indicating significantly higher activity than usual. While the price remained flat with an 8-day change of +0.0%, the total Volume Delta for the week was +$8,101,363. This week saw net buying on 4 of the 7 days, contrasting with the recent 24-hour period where net buying occurred in only 7 hours. The current session represents an unusual spike in volume despite a shift toward net selling pressure in the short term.