According to PANews, more than one million meme coins have been created on the Pump.fun platform since its launch in January. The platform, which operates on the Solana and Blast blockchains, has become a popular site for retail investors to create and trade meme coins. In just six months, Pump.fun has generated an estimated revenue of over $50 million.
The platform's design was inspired by the minimalist style of 4chan, targeting users already familiar with the site. Recently, Pump.fun has also attracted the attention of celebrities, including rapper Iggy Azalea, who launched a token named MOTHER on the platform. Additionally, Pump.fun has been influenced by SocialFi platforms like Friend.tech, which are seen as the cryptocurrency sector's response to major social media giants.