Hyperstition #53 — July 31, 2025
Streamer coins rebound, Orca's new launchpad stalls, and more.
Creator coins rally as PUMP reclaims $1B
TBC, rasmr and gnzystrm clocked double-digit gains on July 30-31.
Coins tied to Pump.fun livestreamers rallied as the Solana launchpad’s native Pump (PUMP) token reclaimed a $1 billion market cap Thursday after trading below that threshold for most of the week.
Top streamer-linked tokens including Trencher Broadcasting Company (TBC), Rasmr (rasmr), and gainszy stream (GNZYSTRM) clocked double digit gains over the past 24 hours, according to DexScreener.
The TBC token has been the strongest performer, notching a roughly 50% increase in market cap.
In the past month, the AI-generated video news blog has been publicly embraced by Pump.fun and its TBC token has been listed on CoinMarketCap.
The rebound follows several days of muted sentiment tied to Pump.fun’s lack of clarity on the timing and structure of its planned airdrop and revenue-sharing program.
On July 23, the PUMP token sold off sharply after co-founder Alon declined to specify an airdrop timetable, adding that “the airdrop is not going to be taking place in the immediate future.”
However, on July 30, Pump.fun directed over 98% of its protocol revenue to buybacks, according to
.
The renewed buybacks coincided with an outpouring of bullish commentary from top streamers.
During his July 29 livestream, Gainzy said “in terms of streaming platforms, to me, Pump already has the best one.”
Orca’s new Wavebreak launchpad already beached
Orca’s Wavebreak launchpad has failed to attract users since going live July 29, with its debut token now trading below $100,000 and no new coins gaining significant traction on the platform.
Designed to mitigate bot activity via CAPTCHA-gated minting and frontend-only trading, Wavebreak was positioned as a more retail-friendly alternative to Pump.fun and LetsBONK.
But within 48 hours of launch, its first token — Up Only Rocket (ROCKET) — had retraced from a peak near $3 million to under $100,000.
Other would-be flagship coins — such as Orcasm (ORCASM) — also trade well below $1 million.
In the past 24 hours, Wavebreak has seen only around 200 new mints and has captured less than 1% of market share amount coin launchpads, per Dune Analytics.
As of now, Pump.fun and LetsBONK continue to command the vast majority of launchpad volume on Solana.