⇗ The Ups and Downs of FUN Coin in the Meme Coin Market Mania
Pump.fun , a dominant platform in the meme coin market, is gaining significant traction with surging revenue, surpassing $30.5 million in October,...
There has been a surge in activity in the cryptocurrency market recently, particularly with Meme Coins. Notably, the value prediction for FUNToken extends up to 2030. Platforms like Solana’s Pump.Fun have amassed millions of tokens, although few have strong value. It also witnesses a downturn as $41M SOL tokens are sold. Interestingly, Pump.fun facilitates easy creation of Meme Coins while its daily revenue has surpassed the next 24 protocols combined. However, its high rate of coin production has been faced with criticism.
Meanwhile, Tron's SunPump has emerged as Pump.Fun's key competitor amidst shifting trader focus. Following an exploit allegedly by a former employee causing the loss of 2,000 SOL, Pump.fun has nonetheless recorded $30 million in revenue. The Meme Coin marketplace has seen new hopefuls like Billy achieving significant market caps, while numerous coins have failed to even launch. However, amid these exciting developments, traders should bear in mind the inherent risks and volatility in the cryptocurrency market.
FUN Coin News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Sat, 21 Sep 2024 06:52:28 GMT - Rating 5 - Innovation 2 - Information 6 - Rumor -3