Pump . fun, a memecoin creation platform on Solana, has become the first application in the Solana ecosystem to achieve over 1 billion USD in revenue since its launch in 2024.
During the peak of the memecoin craze, this platform accounted for up to 62% of daily transactions on Solana. However, approximately 98.5% of the tokens created on Pump . fun ultimately failed.
Pump . fun currently uses nearly all of its revenue to buy back PUMP tokens, having purchased around 323 million USD, equivalent to nearly 29% of the circulating supply. #solana $SOL #pump $PUMP
During the peak of the memecoin craze, this platform accounted for up to 62% of daily transactions on Solana. However, approximately 98.5% of the tokens created on Pump . fun ultimately failed.
Pump . fun currently uses nearly all of its revenue to buy back PUMP tokens, having purchased around 323 million USD, equivalent to nearly 29% of the circulating supply. #solana $SOL #pump $PUMP