Pump.Fun has outpaced the Ethereum Foundation's budget, selling over $162M in $SOL this year, showcasing its market impact.
The new Pump Advanced trading terminal offers 0% fees for the first month, drawing traders to the innovative platform.
With over 2.5M tokens issued, Pump.Funâs accessible model is fueling a memecoin craze, attracting thousands of new users daily.
Pump.Fun has sold more $SOL this year than the entire budget of the Ethereum Foundation. This achievement underscores the growing influence of this platform. Furthermore, the platform sold 40,000 $SOL (approximately $6.68 million) just hours ago. To date, Pump.Fun has generated total revenue of 969,945 $SOL (about $162 million) and sold 503,343 $SOL (around $78.7 million) at an average price of $156.4.
https://twitter.com/WazzCrypto/status/1848543558111834316 Innovations and Future Plans
During a recent Twitter Spaces event, co-founder Sapijiju announced the release of a new trading terminal, Pump Advanced. This tool aims to compete with established platforms like Photon and Bull X.Â
Significantly, it will charge no fees for the first month, attracting traders to the service. Additionally, Sapijiju hinted at a potential token launch and an airdrop in the future. He emphasized that this airdrop might be more generous than those offered by competitors.
In the context of Solana, the network is set to unlock 524,030 SOL tokens this week, worth around $88.46 million. This follows a previous unlock in October, which released $81 million worth of SOL.
Consequently, the market anticipates whether this new supply will create short-term price pressure. Analysts project that while Solana may experience some price pressure initially, the asset could rebound soon due to strong trader demand.
Pump.Fun's Growth Trajectory
Since its launch in March, Pump.Fun has issued over 2.5 million tokens on the Solana blockchain. It has achieved a milestone of 1 million SOL in lifetime fees. Moreover, the number of active addresses on the platform has surged to 85,000, with 37,000 being newly created wallets. This growth indicates interest in token launches, particularly in the memecoin sector.
Pump.Funâs model allows users to create tokens for under $2. This low barrier to entry, combined with its efficient platform, makes Solana the go-to for memecoin creators. Recently, over 5,550 addresses issued 7,500 tokens within just 24 hours.Â
The post Pump.Fun Revolutionizes Trading with Fee-Free Terminal Amid Rising $SOL Sales appeared first on Crypto News Land.
