According to LookOnChain, Pump.fun, the Solana-based marketplace for memecoins, has nearly hit $96 million in SOL revenue. This came after a Fee Account sold 9,940 $SOL ($1.33M) yesterday.
The
https://t.co/DrKlYnPPqY
Fee Account sold 9,940
$SOL
($1.33M) 19 hours ago again!
https://t.co/DrKlYnPPqY
has sold a total of 274,313
$SOL
($42.93M) at an average price of $156.5 so far.
The total revenue of
https://t.co/DrKlYnPPqY
is 712,797
$SOL
($95.87M).…
pic.twitter.com/ALRubZV7L6
— Lookonchain (@lookonchain)
September 12, 2024
So far,
Pump.fun
has sold a total of 274,313 SOL and that is quite a significant number. It has sold per SOL at $156 on average. This consistent trading strategy has positioned Pump.fun as a key player in the SOL market.
Pump.fun Is Nearing $100 Million in Total Revenue
The platform’s total revenue has now reached 712,797 SOL ($95.87 million). This is equivalent to about $95.87 million. Pump. Fun’s sales strategy has been a revenue-generating machine, and this does not seem to be changing anytime soon. More so, they have been subjected to frequent monitoring by traders and analysts.
Pump.fun’s activity that could influence the supply and demand of SOL. Pump.fun has reached a total revenue of almost $96 million. The average selling price for SOL was $156.
Pump.fun primarily operates on the Solana
blockchain
, known for its high-speed transactions and low fees. This integration allows for the rapid creation and trading of memecoins. Quick and low cost token launching has democratized token generation, enabling more people to engage in the crypto. With Pump.fun generating between $200,000 and $500,000 daily, this has resulted in higher trading volume and income for the platform. However, the platform handles many transactions that may affect market trends.