“On January 24, Solana-based “meme token factory” Pump.fun raised $15.4 million, the highest ever, according to Dune Analytics. Source: Dune Analytics. Activity in the protocol was fueled by the hype around Vine Coin. The coin was created by Rus Yusupov, the co-founder of the mobile application of the same name, which appeared in 2012. At the same time, it was bought by the Twitter company. However, the service failed to compete with Instagram, Snapchat and YouTube, shutting down in October 2016. Elon […]”, — write: businessua.com.ua
On January 24, Solana-based “meme token factory” Pump.fun raised $15.4 million, the highest ever, according to Dune Analytics.
Source: Dune Analytics.
Activities the protocol was fueled by the hype around Vine Coin.
The coin was created by Rus Yusupov, the co-founder of the mobile application of the same name, which appeared in 2012. At the same time, it was bought by the Twitter company. However, the service failed to compete with Instagram, Snapchat and YouTube, shutting down in October 2016.
Elon Musk also said in one of his posts that he is considering the return of Vine.
BREAKING: Elon Musk says X is looking into bringing back Vine. pic.twitter.com/dISGcy5D3Y
— Sawyer Merritt (@SawyerMerritt) January 19, 2025
In the last two weeks, Pump.fun has processed $4.16 billion worth of transactions.
Since launching just over a year ago, users have deployed 6.7 million tokens on the platform, paying 2.5 million SOL in fees.
Source: Dune Analytics.
By the anniversary of Pump.fun, the revenue of the platform exceeded $430 million
The number of unique addresses increased to 11.6 million
According to the results of December 2024, only 14,026 tokens out of the launched 1.2 million (1.16%) reached the binding curve and entered the Raydium decentralized exchange.
Source: Dune Analytics.
It will be recalled that in January, the Burwick Law law firm from New York announced the preparation of a lawsuit against Pump.fun on behalf of investors who lost “significant amounts” in meme-coins.
Founder of Solana called the benefit of the network from memecoins
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