This new peak underscores the growing retail interest and enthusiasm surrounding Solana-based memecoins such as WIF and BONK.
Pump.fun’s extraordinary performance last month is a clear indicator of the surging popularity of memecoins.
Pump.fun Hits Record $28.7M Monthly Income
This record comes just two weeks after Pump.fun surpassed Ethereum in 24-hour revenue on July 29. During this period, Pump.fun generated $864,000, outpacing Ethereum’s $550,000. This achievement not only demonstrates Pump.fun’s growing influence but also reflects the broader trend of retail investors gravitating toward Solana-based assets.
Source: X
The success of Pump.fun can be largely attributed to the increasing interest in memecoins, particularly those minted on the Solana blockchain. Solana, known for its fast and low-cost transactions, has become a hotbed for innovative and trending memecoins. This environment has fostered the rise of popular tokens, contributing to the platform’s significant income figures. Here are some new features:
Source: X
Moreover, celebrity involvement has played a crucial role in driving the memecoin frenzy. Recently, high-profile figures such as Caitlyn Jenner, Iggy Azalea, and Rich The Kid have launched their tokens on Pump.fun, further boosting the platform’s visibility and appeal.
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