Friday, May 9, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Solana’s Pump.Fun Starts 2025 Hitting $14M Revenue Record

Simon Osuji by Simon Osuji
January 2, 2025
in Business
0
Solana’s Pump.Fun Starts 2025 Hitting $14M Revenue Record
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

In what may be a sign of things to come for the platform, the Solana-based Pump.fun has officially kicked off 2025 by hitting a $14 million daily revenue record. Indeed, the meme coin launchpad officially set the milestone in what is its highest daily revenue mark since it launched a year ago.

For much of 2024, the platform on the Solana blockchain has been massive for the meme coin sector. That has only continued with the arrival of the new year. Indeed, Pump.fun had already accounted for more than 52% of the total decentralized exchange (9DEX) transactions in December.

Source: The Block

Also Read: Solana: VanEck Says SOL Can Reach 50% of Ethereum’s Market Cap

Solana-Based Meme Coin Marketplace Starts 2025 With Daily Revenue Milestone

For more than a decade, meme coins have been a pivotal part of the digital asset industry. Indeed, assets like Dogecoin (DOGE) and Shiba Inu (SHIB) have long sported some of the most passionate and persistent communities that cryptocurrencies have to offer. With the new year upon us, that has shown to be true once again, although in a rather different way.

Solana’s meme coin launchpad, Pump.fun, looks to continue playing its part, as the platform started 2025 by reaching a $14 million daily revenue record. Specifically, the platform surged to the landmark Thursday, its highest figure since it launched in January of last year. Moreover, it propelled the Pump.fun market cap beyond the $9.5 billion mark.

Solana logoSolana logo
Source: ForKast.news

Also Read: Solana Meme Coin Platform Pump.Fun Removes Stream Feature

The platform generated a remarkable 72.506 SOL in fees, with the network’s native token surging above the $200 mark. Additionally, a host of Pump.fun tokens are up after the record was reached. Specifically, GOAT, MOODENG, and CHILLGUY were up over 10% over the last 24 hours.

The overall success of the marketplace throughout the last year has not come without its challenges. Just a month ago, the platform was banned in the United Kingdom. However, that also has yet to hinder its growth.

Now, it is reportedly looking to cash in on its surging profits. According to Lookonchain, Pump.fun transferred $55 million worth of SOL to Kraken Thursday. To this point, the platform has deposited 1.5 million SOL.

Source link

Related posts

First set of white South African refugees set to arrive the U.S amid rising tensions

First set of white South African refugees set to arrive the U.S amid rising tensions

May 9, 2025
$75M Settlement Shakes XRP Market

$75M Settlement Shakes XRP Market

May 9, 2025
Previous Post

In Egypt, men and boys stand firm against female genital mutilation

Next Post

2025: What you can do about climate change apart from talking about it – EnviroNews

Next Post
2025: What you can do about climate change apart from talking about it – EnviroNews

2025: What you can do about climate change apart from talking about it - EnviroNews

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Best WIRED-tested Wireless Meat Thermometers (2024)

Best WIRED-tested Wireless Meat Thermometers (2024)

5 months ago
Strategic partnership between Times Developments and ABB announced

Strategic partnership between Times Developments and ABB announced

5 months ago
The Inspiring Rise of Trailblazer Wilfred Mwiti

The Inspiring Rise of Trailblazer Wilfred Mwiti

9 months ago
TotalEnergies begins construction on Iraq gas project

TotalEnergies begins construction on Iraq gas project

4 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.