Solana (Left) Based Crypto Money Platform Pump.funlast Friday, a record of $ 15.38 million transaction fee income broke. In this success, one of the founders of social media giant Vine Russian YusoovMemecoin, Vine Coin, played a critical role. The platform, which started its operations at the beginning of 2024, has produced more than $ 4 billion transaction volume so far. The Memecoins, known as “emotion -based virtual assets ında in the sector, launched a new wave of ascension over Pump.fun.
Vine Coin’s release caused mobility
Following the closure of Vine in 2017, the platform of Platform to revitalize this brand detonated Memecoin. Elon Musk’s tweets and an X engineer’s “Vine” emphasized statements mobilized investors. In this period Vine Cointhe market value up to 425 million dollars, but then could not maintain this level.
So far, Pump.fun’s use of Solana’s low -cost infrastructure has allowed thousands of users to make token easily.
However, there are sudden decreases as well as rapid rise. Some investors damaged due to the uncertainty of the teams behind the projects. A US law company launched the litigation process for those who lived on the platform. Experts warn, “Investigate the objectives and team of the project before investing in these assets.”
Competition is increasing, risks are growing
On the other hand, Pump.fun’s dominance in the market Jupiter‘s (JUP) seems to be tested by buying Moonshot. However, it may take months for Jupiter to show the effect of this move. Pump.fun continues to be popular with the dream of olma being rich in chance özellikle, especially among young generation investors. According to Dune data, the process volume of the platform approached 2.5 million on the basis of left coins.
Moreover, the increasingly tightening of regulations is the biggest obstacle to the platform. New York Financial Services Department“Emotion -based” beings draw attention to the undisputed structure. Pump.fun had gained 100 million dollars in 217 days and went down in history. Now the emphasis on confidence and transparency for sustainable growth stands out.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
