According to PANews, the meme coin issuing platform on Solana, pump.fun, has reached a record revenue of $1.99 million in the past 24 hours. This surpasses the previous highest daily record of $1.48 million set on May 30th. The data was provided by DefiLlama, a reliable source for decentralized finance (DeFi) metrics.
Solana has been gaining traction in the cryptocurrency market due to its high-speed and low-cost transactions. The success of pump.fun is a testament to the growing popularity and acceptance of meme coins in the crypto market. Meme coins, despite their often humorous or non-serious themes, have become a significant part of the digital currency landscape.
However, it's important to note that while these figures are impressive, they also highlight the volatile nature of the cryptocurrency market. Investors should always conduct thorough research and exercise caution when investing in meme coins or any other form of cryptocurrency.