Memecoin Move from Celebrities: Huge Growth in Solana.
By launching tens of thousands of memecoins on Solana every day, Pumpfun revenue has grown to over $30 million.The Memecoin trend is quite strong. Perhaps what's most exciting is that celebrities are jumping back on the crypto bandwagon. Many celebrities have become interested in crypto again, just like in 2021 and 2022, when the bull market was at its peak. The topic that attracted celebrities to the cryptocurrency market again was memecoins. Memecoins, which have been wreaking havoc on the industry for a while, have virtually absorbed the money flow in the market.Caitlyn Jenner recently burst onto the scene and launched her own token on Pump.fun, promoting it on both her X and Instagram. Many people thought the accounts had been hacked, but she posted a video seemingly confirming that she was behind the post.Jenner later also launched the token on Ethereum and used the fees collected from there to support Trump. Rapper Iggy Azalea also independently launched the MOTHER token on Solana.Although it seems that only Jenner used Pump.fun for her Solana memecoin, interest in the platform is increasing day by day. Despite being hacked less than two weeks ago, Pump.fun managed to recover and had its highest revenue day on May 30, bringing in $1.48 million. If the bull season in Memecoins continues, the volume in Pump.fun may increase exponentially. However, crypto investors must be careful when trading.
