⇗ 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,...
In the realm of memecoins, Pump.fun has been gaining significant attention, thanks to its prowess as a Solana-based Meme Coin Factory. Reputed for enabling memecoin creation, it faced a suspected exploit, leading to a slump in Solana price. Despite the setback, the platform managed to generate an impressive revenue surpassing $50M and aims to cross the $100M milestone. Interestingly, Pump.fun proposed a unique offer, vowing to disburse $80 as a reward for tokens that complete the bonding curve.
Cryptocurrency enthusiasts were drawn to Pump.fun as it outpaced several platforms in daily revenue, including Ethereum, and retook the lead over Tron's SunPump. Subsequent to Solana's success with its meme coin launch platform, competitors arose, including Ethervista and Moonshot, to provide an alternative for launching Solana memecoins. It provoked debates over choosing a better platform between Pump.fun, Tron's SunPump, and Ethereum's Ethervista.
Meanwhile, meme coins by GameStop have invaded Solana as Pump.fun set new records. The platform's regulator, the former SEC official David Hirsch, clarified that he would not join Pump.fun. Amid these developments, Pump.fun's latest update incentivized successful meme coin launches offering 0.5 SOL.
FUN Coin News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Tue, 08 Oct 2024 09:05:16 GMT - Rating 6 - Innovation -1 - Information 5 - Rumor -2