- Pump.fun teases a new token launch and airdrop, sparking excitement in the crypto community.
- Pump.fun launched Pump Advanced, a new trading terminal aimed at competing with tools like Photon and Bull X.
Pump.fun, a Solana-based memecoin launch platform, has reignited excitement by teasing the release of a new token and a potential airdrop. In an official post on its X account (formerly Twitter), Pump.fun hinted at the airdrop, stating, “The top isn’t in until this drops.” This suggests that the platform believes the market’s peak or best performance has not yet been reached and will only happen once this new token is launched.
top isn't in until this drops pic.twitter.com/xlZwfp89op
— pump.fun (@pumpdotfun) October 21, 2024
On Saturday, the memecoin marketplace introduced its latest feature, Pump Advanced, during a Twitter Spaces session along with an airdrop launch. This new trading terminal is created to compete with other tools like Photon and Bull X, with features such as mini charts, top token holder stats, and social activity tracking. Further, Pump Advanced has 0% fees for the first month to attract new users and offers logins via the Privy wallet solution.
How Has Pump.fun Performed in the Memecoin Market?
Since launching in January, the platform has gained fame for its wild memecoin trends, from celebrity-inspired tokens to famed memes. Till now, Pump.fun has deployed over 2.5 million unique tokens and generated 965,003 SOL ($147 million) in fees. Additionally, it has attracted more than 28,000 new users on Oct 21 alone.
Moreover, the Pump.fun fee account sold 40,000 SOL ($6.68M) around 10 hours ago, as per Lookonchain data. The memecoin marketplace sold a total of 503,343 SOL from its total revenue of 969,945 SOL tokens. Despite these sales, Pump.fun still holds a balance of 283,328 SOL, indicating it remains a significant player in the Solana ecosystem.
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