Pump.fun Unveils Pump Advanced Trading Terminal, Teases New Token Launch for Early Adopters

Pump.fun, a popular Solana-based meme coin platform, has unveiled its newly upgraded trading terminal, Pump Advanced.

Popular Solana (SOL)-based meme coin platform Pump.fun has announced the launch of its new Pump Advanced trading terminal during an Oct. 19 X Spaces event.

The platform, which has facilitated the launch of over 2.5 million meme coins to date, is now aiming to provide traders with a seamless and data-driven experience through the new trading terminal.

Pump Advanced features mini-charts, data on top holders, and social indicators to help traders navigate the vast landscape of meme coins, according to the announcement. The platform also revealed 0% fees for the first month and enhanced login security options via Privy.

Pump.fun Teases New Token Launch for Early Adopters

During the session, Pump.fun also teased plans to launch a native token. While no specific timeline was announced, the team confirmed that a portion of the token supply will be airdropped to early adopters as a reward for their support.

“We’re going to reward our earliest users,” the team announced to the excitement of the community. Traders speculated that the airdrop could boost liquidity, especially if it includes revenue-sharing features.

According to Dune Analytics data, while transaction throughput may be high, over 98.5% of the meme coins deployed on Pump.fun fail to get listed on Raydium, a Solana-based decentralized exchange. To mitigate this, the team launched $80 bonding curve incentives in Aug 2024 to be used in persuading developers to complete the capping and listing of tokens.

Airdrop farmer Vex expressed optimism, stating, “If they include revenue sharing, it could be huge.”

Revenue Milestones Amid Concerns

Despite the platform’s challenges, Pump.fun has continued to attract high transaction volumes. On Aug. 13, the platform generated over $5.3 million in revenue, surpassing the combined revenue of the top 24 crypto protocols for that day.

In September 2024, the platform crossed $100 million in revenue, becoming one of the fastest-growing applications in the crypto industry. On Aug. 13, the platform generated over $5.3 million in revenue, outpacing the combined earnings of the top 24 crypto protocols.

Pump.fun has become a dominant force in the meme coin sector by allowing anyone to create tokens on Solana’s blockchain. Its rapid growth and innovative features continue to attract traders despite critics questioning the sustainability of its model.

As Pump.fun progresses with its advanced trading terminal and prepares for a token launch, it will need to address ongoing concerns regarding the high failure rate of token launches to maintain its momentum in the competitive crypto landscape.

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