Pump.fun, a platform dealing with memecoins, has emerged as a notable entity in the cryptocurrency market. Recently, the platform launched a lending service for memecoin purchases and even their own decentralized exchange (DEX). However, this period has also seen significant selling activity, with the platform offloading 65k Solana tokens. Despite encountering setbacks with memecoins, the co-founder of Pump.fun highlighted their resilience, regaining strength with PumpSwap and exploring revenue-sharing approaches despite market declines. Meanwhile,
Odin.fun is set to compete with them as Bitcoin's first memecoin launchpad. Amid these developments, the
Fun Coin has received attention as a viable investment opportunity. Turning to legal matters, a lawsuit filed by a law firm has commanded Pump.fun to remove over 200 memecoins exploiting their intellectual property. The continued interest in memecoins has helped Pump.fun achieve a remarkable revenue milestone of $15.38 Million. Unfortunately, security issues have marred this achievement with their X account being hacked, urging users to stay vigilant. Despite these challenges, Pump.fun has been able to maintain its leading position in the memecoin market, setting a new record with a $1B trading volume within a week of its DEX launch. The platform's trials persist as they faced another lawsuit, souring their risen revenues. Lastly, the platform has stunned the market by announcing a mobile application to bolster its memecoin trading.
FUN Coin News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Wed, 02 Apr 2025 18:23:44 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -2
