Golden Finance reported that according to data collated by Subin An, a data analyst at crypto venture capital firm Hashed, more than 1 million Meme coins have been created on Pump.fun, a crypto project based on the Solana and Blast blockchains, since its launch in January. Pump.fun has become increasingly popular as the preferred place for retail investors to create and trade Meme coins, bringing in an estimated revenue of more than $50 million in just six months. According to Alon, the design of the website was inspired by the minimalist style of 4chan, as Pump.fun's initial target market was people who were already using 4chan. Recently, Pump.fun has also attracted the attention of celebrities including rapper Iggy Azalea, who launched a token called MOTHER on Pump.fun. Alon said that Pump.fun has also been influenced by SocialFi platforms such as Friend.tech, which are seen as the cryptocurrency field's response to X and other social media giants.
