Community members of a popular microcap memecoin have unveiled fresh evidence that PumpSwap decentralized exchange is connected to their coin by the same name.
A Pumpswap community developer called Cookie uncovered links between a company which specializes in stealth launches and Pumpswap token. Daily Goat has previously reported on private indications that Pump.Fun co-founder Alon Cohen has made that the two are linked.
According to Cookie, an X account called @pumpsam1 was initially used for apiswap, which was a credit markets project crated by a London-based developer called Ivan Gorshkov. Gorshkov is involved now with HIRO tech, a web3 launchpad with market making features and another company that specializes in stealth launches called Coincides.
This link between Gorshkov, a crypto veteran with market making, stealth launch and expert development experience and SamA, the developer of Pumpswap token launched on Pump.Fun, clearly solidifies the relationship between Solana Blockchain’s largest DEX by volume and Pumpswap token, according to community members.
“The main connection for me was that the @pumpsam X account used to be called apiswap and so I started looking at apiswap and the two founders and what they are doing now, and this Ivan guy is now specializing in stealth launches!” Cookie told Daily Goat on a community group call.
“They wanted us to find that obviously, otherwise why would they rename that account?” he added.
On a conference call last year, Alon explicitly told the Pump.Fun community to look out for stealth launches. However, two months ago he reversed this position and said not to expect any stealth launches from Pump.Fun employees, confusing many memecoin traders.
Still, community members of PumpSwap token found that HIRO is linked up with some major names in crypto, too, increasing the possibility that big listings are on the horizons for Pumpswap.
“HIRO is a big, big, company that is working with all the big names in the crypto space – Binance, OKX, Bitmart and Raydium,” said Batman, one of Pumpswap community’s figureheads on the same call.
The findings come on the heels of murmerings by other sources to Daily Goat that Alon is about to drop a Tweet that confirms Pump.Fun’s involvement with Pumpswap token any day now.
According to a document published by Pumpswap community, the timeline is as follows:
October 2024: Ivan Gorshkov’s GitHub page stops updating
November 2024: @pumpsam1 posts on X with cryptic content
April 2025: Official PumpSwap X page goes live
“This pattern strongly suggests transition from dev work to project launchpad/promotion”, the document reads:
The new evidence is critical for microcap memecoin investors since if it is revealed that there is a link between the token and the PumpSwap decentralized exchange, the coin could rise from around $800,000 market cap where it trades today to hundreds of millions of dollars market cap in the same way Alon’s personal token went up at the start of the year when he confirmed its official status. Back then, Alon token surged from $1 million market cap to over $200 million market cap in the space of minutes before settling back to around $7 million market cap where it sits today.
Mr. Cohen has called for more community and grassroots input from token communities lately and supporters of Pumpswap suggest these latest findings which were uncovered by mutual sleuthing efforts support that sentiment.
A full presentation will be unveiled by the Pumpswap community Thursday this week.
The news follows a new push for #pumpmeta hashtag on X to encompass the latest projects to incorporate utility on Pump.Fun, of which PumpSwap would be one of the leaders if connected to the DEX by the same name.
Daily Goat reached out to the @pumpsam1 account for comment for this story but had not received any response at the time of going to press.