Pump fun Memecoins Achieve 900% Gains, Ecosystem Surges
Pump fun– In November, Pump.fun, the Solana (SOL)-based memecoin generation and trading platform, reached a record-breaking $93 million in monthly revenue, according to DefiLlama data. This marks a 207% increase over October’s revenue of $30.5 million, which had previously been an all-time high. Pump.fun’s cumulative revenue now stands at $240 million, highlighting a significant upward trajectory.
Revenue Surge Reverses Two-Month Decline
The platform’s strong performance in October and November comes after a two-month revenue decline during August and September, when revenues dropped by an average of 29% per month. This rebound suggests renewed investor interest and growing activity on the platform.
As of now, over 4.2 million memecoins have been deployed via Pump.fun, according to Dune Analytics data.
Memecoin Market Capitalization and Token Performance
According to CoinGecko, the market capitalization of tokens launched through Pump.fun is currently $6.63 billion, although it has seen a slight 2.9% dip over the past 24 hours. Despite this short-term drop, several tokens within the Pump.fun ecosystem have displayed impressive growth.
For instance:
- Peanut the Squirrel, a popular memecoin, has risen 10% in the last 24 hours, with an astounding 900% increase over the past month.
- Moondeng surged by 99% in the past day and has gained more than 285% in the last 30 days.
Leading the charge in monthly gains is Act I: The AI Prophecy, which saw a phenomenal 3,500% increase in value over the past month, according to CoinGecko.
New Developments: Advanced Trading Terminal and Token Launch
As the platform continues to see rising revenues, Pump.fun has recently announced the launch of a new advanced trading terminal called “Pump Advanced.” The trading terminal is designed for experienced users and offers a range of features such as charts, top holder stats, advanced filters, and live-updating threads.
Alongside this, Pump.fun teased an upcoming token launch and plans to unveil more features in mid-October. The announcement promises to attract a broader audience to the platform.
Non-Custodial Wallet Integration for Power Users
The Pump Advanced trading terminal also introduces a feature that enables users to utilize non-custodial wallets by logging in through the Privy authentication platform. This enhances security and provides more flexibility for heavy users of the platform.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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