Solana-Based Pump.fun Emerges As The Go-To Platform For Memecoin Creation, Report

Quick Summary:

The ongoing frenzy over memecoins created on top blockchains over the past year has found a notable competitor in the Solana-based marketplace Pump.fun, a crypto project reminiscent of the anonymous social media platform on the Ethereum blockchain 4chan.

Notably, new tokens on Pump.fun are created through a fair launch method, issuing all tokens at once without presales, often at a fraction of a cent.

Critics of tokens issued on the platform also emphasize that these coins often lack utility beyond their meme status, potentially undermining the credibility of the broader crypto industry.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Solana Blockchain Solana memecoins Solana news Crypto news Crypto SOlana meme coin Pump Fun Meme coins Meme coins news Solana Pump.fun news Solana Memecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-13 @ 03:30:29 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21590420

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 6 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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