Crypto:
30336
Bitcoin:
$65.008
% 0.04
BTC Dominance:
%54.2
% 0.09
Market Cap:
$2.37 T
% 0.16
Fear & Greed:
60 / 100
Bitcoin:
$ 65.008
BTC Dominance:
% 54.2
Market Cap:
$2.37 T

With Solana’s Memecoin Hype, Pump.fun Raised Its Revenue Over 30 Million Dollars

Solana Minette

With the increase in memecoins issued on the Solana network, Pump.fun’s revenue exceeded $30 million. The participation of famous names in this ecosystem attracted even more attention.

In the last month, we have come across a lot of meme-focused news. Roaring Kitty, the face of the meme stock rally in 2021, has returned to the X platform. Memecoin launch platform Pump.fun was misappropriated $1.9 million by a former employee. The death of Shiba Inu Kabosu, the face of Dogecoin, was also among the notable events.

Overall, the crypto market has been buoyed this month by the unexpected spot Ethereum ETF 19b-4 approval from the US and more optimistic inflation data.

But if we take a closer look at the last week, we see that the breast energy remains quite strong. In particular, a new subsector, PolitiFi (Political Finance), with memecoins referencing legislatures (without any official affiliation) has become a major center of trading activity. This became even more evident after the guilty verdict in former president Donald Trump’s secret money case.

Perhaps the most exciting thing is that famous names are stepping into the crypto world again. Many A-list celebrities showed interest in crypto at the height of the bull market in 2021 and 2022, but dropped the topic from their agenda as the hype faded. Justin Bieber no longer posts about BAYC on Instagram, although he still holds $450,000 worth of crypto, according to

However, Caitlyn Jenner took the stage and launched her own token on pump.fun and promoted it on both her X and Instagram accounts. Many people thought their accounts might have been hacked, but Jenner posted a video confirming that she was behind the post. Jenner later moved the token to Ethereum and uses the fees generated from it to support Trump. Rapper Iggy Azalea also independently launched her own token, $MOTHER, on Solana; This move comes as a reaction to a promoter’s attempt to launch the IGGY token.

READ:  Pump.fun Ensures Full Recovery After $1.9M Insider Exploit

Another name that returned to crypto, although unconfirmed, was Katy Perry. She shared the phrase “LFG” (Let’s f*cking go), which is widely used in crypto language on the X platform. Although this post was not directly related to crypto, it received a lot of attention from the crypto Twitter community. Perry himself became a meme in the past bull market; She is best known for her famous photo with Three Arrows co-founder Su Zhu and her “crypto nail art”.


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