Blast

Solana

Memecoin

Million

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/memecoin-trading-platform-pump-fun-reports-remarkable-5-2-million-revenue" rel="noopener noreferrer nofollow">Memecoin Trading Platform “Pump fun” Reports Remarkable $5.2 Million Revenue</a><br></p>
<p style="text-align: justify">The newly inaugurated memecoin trading platform, Pump fun, has recorded substantial earnings of $5.2 million within its first 38 days, having racked up $528,000 on the previous day alone. Pump fun, which began within the <a href="https://en.bitcoinhaber.net/solana-soars-a-crypto-star-rising-in-2023" rel="noopener noreferrer nofollow">Solana</a> blockchain ecosystem, has now extended its offerings to include projects on the <a href="https://en.bitcoinhaber.net/bitcoin-etf-approval-and-ethereums-potential-surge" rel="noopener noreferrer nofollow">Ethereum</a> Layer-2 network known as Blast.</p>
<h2 id="expansion-of-memecoin-trading">Expansion of Memecoin Trading</h2>
<p style="text-align: justify">The platform has garnered attention in the cryptocurrency community by allowing users to seamlessly create and trade new tokens. For as little as $2, any individual can launch a token and initiate trading in under 60 seconds. Pump fun also claims to protect against fraudulent activities such as rug pulls by securing the crypto assets on its platform. Notably, it ensures a transparent token launch process without pre-sales or reserved allocations for team members.</p>
<p style="text-align: justify">The process of token trading involves selecting a name, ticker, and image, after which immediate trading commences on a bonding curve. This curve is integral to the pricing mechanism, with token prices generally climbing as more are purchased. Upon achieving market value milestones, significant amounts of liquidity are injected and burned at the respective decentralized exchanges—Raydium for Solana-based tokens and Thruster DEX for those in the Blast ecosystem.</p>
<h2 id="token-launch-success-stories">Token Launch Success Stories</h2>
<p style="text-align: justify">The first token to successfully migrate from the bonding curve to Raydium’s liquidity pool was BaoBaoSol, marking a milestone for the platform. Users have embraced this innovation, creating tokens named with the hopes of them catching on. One user, Sato, shared their experience, having launched 182 tokens and successfully transitioning 37 to Raydium, netting a profit of $642,000.</p>
<h2 id="helpful-points">Helpful Points</h2>
<ul>
 <li>Pump fun simplifies token creation and trading, offering a user-friendly alternative to traditional token launch methods.</li>
 <li>The platform provides <a href="https://en.bitcoinhaber.net/investors-beware-high-alert-on-cybersecurity-breaches-and-misleading-announcements" rel="noopener noreferrer nofollow">security</a> measures to prevent common cryptocurrency scams.</li>
 <li>Reachable market value goals trigger liquidity investments, enhancing the token’s stability and credibility.</li>
</ul>
<p style="text-align: justify">In contrast with conventional methods, which often involve complex and costly setups or presale risks, Pump fun streamlines the token launch process while mitigating fraud potential. Its innovative model has paved the way for a new era in memecoin trading, proving both lucrative and accessible for those seeking to engage with the ever-evolving crypto market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/memecoin-trading-platform-pump-fun-reports-remarkable-5-2-million-revenue" rel="noopener noreferrer nofollow">Memecoin Trading Platform “Pump fun” Reports Remarkable $5.2 Million Revenue</a></h5>

Memecoin Trading Platform “Pump fun” Reports Remarkable $5.2 Million Revenue

Table of Contents

BH NEWS

Other articles published on Apr 8, 2024

Bitcoin Targets New Highs as It Challenges $70,000 Barrier

RECQ rises amid fluctuations, draws DOGE, XRP investors

PEPE flips Optimism: Can OP emerge from the memecoin mania?

Crypto Prices Today April 8: Bitcoin At $69K, Ethereum Above $3400, XRP & SOL Dip

Lido Staked Ether's Price Increased More Than 6% Within 24 hours

Binance’s Trading Volume Soars to Record High, Cementing Market Dominance Amidst Crypto Market Rally

Join our free newsletter for daily crypto updates!