Solana’s memecoin factory is back in business. After months of steadily declining activity, the Pump.fun platform just recorded its highest daily token launch and graduation numbers in 80 days, driven almost entirely by the explosive arrival of a single token: $ANSEM.
The token, officially called “The Black Bull,” is a community-driven memecoin inspired by popular crypto influencer Ansem (@blknoiz06). It launched on Pump.fun in late June and proceeded to defy all reasonable expectations. The price surged approximately 19,878% over the course of seven days, hitting an all-time high near $0.121 on June 29.
From ghost town to gold rush
Over the three months prior, activity on the platform had cratered by roughly 80%. Daily graduations to decentralized exchanges were averaging a paltry 0.26%.
Within 24 hours of peak trading activity, volume on the token exceeded $80 million. The fully diluted valuation briefly crossed $120 million. The deployer wallet reportedly spent around $6,300 to launch the token. Ansem’s own wallet peaked at over $71 million in value.
