⇗ Fun Coin Stands Out Amid Pump.fun's Memecoin Maneuvers
Pump.fun , a platform dealing with memecoins, has emerged as a notable entity in the cryptocurrency market. Recently, the platform launched a...
There has been a surge of news related to Fun Coin, also known as Pump.fun, a prominent player in the meme coin market. It's notable for its unique token launch platform and has recently introduced a Decentralized Exchange (DEX) reaching a whopping $1 billion trading volume a week post its launch. However, reports are suggesting a decline in token launches and volume drop of 63% due to multiple high-profile memecoin scams. Despite that, Pump.fun made records in single-day revenue following a specific coin launch.
Analytically, Pump.fun’s actions contributed to the delay of altcoin season by diverting Capital. This has earned it strong criticism and legal issues, with two class-action lawsuits filed against it. Conversely, its rivalry with another platform, Raydium, resulted in releasing a fresh LaunchLab to spur Solana's (SOL) revival. Pump.fun’s controversy includes an X account hack, urging users to avoid interaction. Yet, it has introduced a pioneer approach towards meme coins despite witnessing an 80% drop. With new player Odin.fun introducing challenges, FUN coin continues its innovations. It launched a mobile app and allowed video tokenization for users.
The platform is under scrutiny with accusations of harmful content on their live stream feature. Despite all these, FUN's revenue approaches $400 million, amidst a $40 billion drop in meme coin market cap.
FUN Coin News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Tue, 25 Mar 2025 12:14:08 GMT - Rating -2 - Innovation -1 - Information 7 - Rumor -2