Pump.fun, a memecoin juggernaut on the Solana blockchain, has been the subject of various news recently. While it hit a record revenue of $78M in November, it also faced backlash due to harmful content on its livestream feature and saw revenue fall after a livestream ban. Only 15 out of 1.7 million launched meme coins, or tokens, succeed in this volatile market and 98.6% fail even to launch. Traders are reportedly turning from Solana's Pump.fun to Tron’s SunPump Meme Coin Launchpad due to numerous unsuccessful launches.
Pump.fun, however, is enabling the creation of memecoins for their upcoming airdrop and has even introduced a reward of $80 for tokens that complete the bonding curve. Amid all the drama,
Swipe.fun is aiming to simplify memecoin trading on Solana. The influx of tokens on Pump.fun has caused some traders to express dissatisfaction with how it affects their chances of success. Overall, the memecoin market has witnessed a surge recently, with Pump.fun regaining traction after initial setbacks.
Despite criticism, Pump.fun has successfully unveiled a pro-trading terminal and new token launch plans. However, several meme coins launched at Pump.fun have struggled to surpass a $1 million market cap. Memecoin factories like Pump.fun are remunerating creators of successful meme coins, demonstrating a shift in reward structures.
FUN Coin News Analytics from Mon, 08 Apr 2024 07:00:00 GMT to Wed, 01 Jan 2025 19:19:41 GMT -
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