Pump.fun, a platform for the creation and distribution of
meme coins on the
Solana network, aims to revolutionize Solana's meme coin ecosystem. The platform has plans to raise
$1B via a token sale at a whopping
$4B valuation, according to recent reports. Despite rumors of a potential pump in token value, revenue for the protocol has notably dropped by
66%. The coin issuance of Pump.Fun and the potential impact of South Korea's new cryptocurrency policies were highlighted items in the weekly market review. However, it seems there are some criticisms of such meme coin trends, with questions raised regarding their viability and stability in the market. Many meme coins on Pump.fun are falling at a high rate, with less than
1% managing to survive. Despite this, Pump.Fun remains focused on its objective of becoming the
YouTube of Web3, a vision propelled by its impressive performance statistics. Amidst the chaos,
MEXC Launchpad has emphasized its commitment to quality over quantity. Nonetheless, Pump.fun still experienced a
63% drop in volume in February, leading many to question the sustainability of meme coins. The platform has also encountered legal issues with a law firm demanding the removal of over 200 meme coins utilizing its intellectual property.
FUN Coin News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Wed, 11 Jun 2025 12:04:34 GMT -
Rating -2
- Innovation 5
- Information 6
- Rumor -4
