Solana Meme Coin Launchpad Pump.fun Reaches Record Monthly Agreement Income

The
Solana
meme
coin
creation
platform
Pump.fun
has
reached
a
new
all-time
high
in
monthly
agreement
income.

During
July,
the
meme
coin
launchpad
recorded
$28.73
million
worth
of
agreement
income,
according
to
an
Aug.
13
X


post

by
news
aggregator,
Entropia
Intel.
This
is
just
two
weeks
after
Pump.fun
surpassed
Ethereum
in
24-hour
revenue
on
July
29.

Pump.fun
Activity
Driven
By
Meme
Coin
Hype

Much
of
Pump.fun’s
success
can
be
attributed
to
the
investor
frenzy
that
erupted
around
Solana
meme
coins
in
the
past
couple
of
months.
During
this
craze,
several
celebrities
including
Iggy
Azalea,


Caitlyn
Jenner

and
Rich
The
Kid
all
looked
to
capitalize
on
the
hype
with
the
launch
of
their
own 
tokens.

I
will
leave
my
mark
on
this
space.

$MOTHER
will
be
a
blue
chip
coin.

Manifest
it
✨

pic.twitter.com/pPtitXHv72

—
IGGY
AZALEA
(@IGGYAZALEA)

August
9,
2024

Not
all
of
these
cryptos
go
on
to
stay
in
the
market.
In
fact,
the
majority
of
meme
coins
created
via
Pump.fun
fail
to
survive
past
their
initial
hype.
Data
from


Dune
Analytics

shows
that
the
success
rate
of
these
new
crypto’s
making
their
way
onto
the
Solana-based
deccentralized
exchange
Raydium
has
fluctuated
between
1.21%
and
1.41%
since
May
this
year. 

Market
Cap
For
Solana
Meme
Coins
Jumps
Over
3%
In
The
Last
24
Hours

Despite
many
meme
coins
minted
through
Pump.fun
not
seeing
the
light
of
day,
the
general


Solana
meme
coin

sector
continues
to
pull
investors
in.
Throughout
the
past
24
hours,
the


market
cap

for
this
subset
of
the
crypto
space
rose
more
than
3%,
and
stands
above
$6.5
million
as
of
9:55
a.m.
EST.

Smaller-capped
tokens
such
as
MindCoin
(MIND)
and
nomnom
(NOMNOM)
raked
in
the
most
capital
during
the
last
trading
session.
CoinGecko
data
shows
that
MIND’s
price
surged
more
than
79%
in
the
last
24
hours,
pushing
the
crypto’s
value
to
$0.0001296.
NOMNOM
posted
a
smaller,
but
still
impressive,
40%
gain
during
the
same
period.

Meanwhile,
leading
Solana
meme
coins
including
Dogwifhat
(WIF),
Popcat
(POPCAT)
and
BOOK
OF
MEME
(BOME)
are
all
in
the
green
on
the
weekly
timeframe.
WIF
was
the
top
performer
over
the
past
7
days
after
its
price
rose
over
20%.

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