Discover a new way to launch and trade memecoins with Pump.fun!
If youโre a crypto enthusiast looking for a novel platform to create and trade memecoins, Pump.fun could be the answer. With $5.2 million in revenue over 38 days and $528,000 in fees generated in a single day, Pump.fun has been gaining traction in the crypto community. This platform initially catered to Solana tokens in January and later expanded to include support for the Blast network on Ethereum Layer 2 in February. Hereโs everything you need to know about Pump.fun and how it works:
How Pump.fun operates๐
- Deploy names, tickers, and JPG images to instantly start trading on a bonding curve.
- Users can purchase tokens on the bonding curve and sell them at any time.
Understanding bonding curves๐
- Bonding curves determine token prices based on supply levels.
- Prices usually rise as more tokens are bought.
When a tokenโs market capitalization hits $69,000 on Solanaโs Raydium DEX or $420,000 on Blastโs Thruster DEX, liquidity is deposited and burned. BaoBaoSol was the first token to transition from the bonding curve to a liquidity pool on Raydium, showing the potential for memetic traction with Pump.fun.
One user, Sato, claimed to have launched 182 pumpdotfun coins, with 37 making it to Raydium and earnings of $642,000, showcasing the platformโs potential. Pump.fun offers an alternative to traditional token launches, avoiding the complexities and risks associated with presales and conventional liquidity seeding.
Hot Take: Embrace the future of memecoin creation and trading with Pump.fun!๐ฅ
Ready to revolutionize your memecoin experience? With Pump.fun, you can dive into the exciting world of memecoin creation and trading without the hassles of traditional launches. Explore the possibilities with Pump.fun and unleash your creativity in the crypto space today!
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.