Hyperstition #34 — June 18, 2025
Livestream coins sweep Pump.fun, war meta takes backseat, and more.
Livestream coins sweep Pump.fun
Tokens tied to Pump.fun livestreams are surging, led by BASEDD and rasmr.
Pump.fun has been investing in content creation to fend off rival launchpads.
A new wave of livestream-linked tokens has gained traction on Pump.fun, as creators use coin launches to access the platform’s streaming tools.
The trend has pushed several tokens to multi-million dollar valuations and reaffirmed Pump.fun’s lead in Solana’s memecoin market.
It reflects Pump.fun’s renewed focus on supporting content creation. The platform reinstated livestreaming in April and launched a $1 million “Content Ideathon” to fund new shows.
Top livestream coins
Top performers include Based House (BASEDD), a token tied to a livestreamed influencer house where participants are voted in or out based on token market cap.
Launched on June 17, BASEDD surged from bonding to roughly $10 million market capitalization. It has since retraced to less than $4 million, according to DexScreener.
Rasmr (rasmr), another livestream-linked coin, peaked at $16 million before falling to around $6 million. Its more gradual ascent attracted approximately 2,800 holders as of Tuesday.
Rasmr, a crypto researcher with around 100,000 X followers, recently moved his livestream to Pump.fun from Twitch, a popular platform for live video broadcasts.
Older livestream tokens are also gaining momentum.
Gainzy stream (gnzystrm), launched in early May, traded near a $9 million cap on Tuesday. Its creator has won attention for livestreaming about crypto from Israel amid ongoing Iranian bombings.
Trencher Broadcasting Company (TBC), an AI-generated news service launched last week, peaked at $1.6 million and was trading near $700,000 as of July 18.
The livestream meta has eclipsed the Israel–Iran conflict narrative that led market activity last week.
Only a few geopolitical tokens are still trending on DexScreener, including Just a peace guy (PEACEGUY), which peaked near $1.5 million and now trades under $1 million.
Fending off competitors
Pump.fun’s push into content creation is partly a user retention strategy.
Since launching in 2024, Pump.fun has dominated Solana memecoin activity. But in the first half of 2025, newer platforms like Raydium’s LaunchLab and Believe.app began to gain ground by offering fee-sharing models and creator incentives.
The competition has brought Pump.fun’s market share down to around 90% as of June 18, according to Dune Analytics.
By The Numbers
