CandleFocus

Phantom wallet brings direct Pump.fun and Moonshot token swaps

Author: Content Editor
Phantom, a leading Solana wallet, has integrated meme tokens Pump.fun and Moonshot, allowing users to view and buy these tokens shortly after launch. The wallet aims to provide a gateway to the meme token space for its 7 million monthly active users. Phantom has implemented its own automated slippage for swaps within the wallet, but warns of the risks associated with meme tokens, which are highly volatile and can lead to failed transactions or losses. The addition of meme launchpad access follows recent trends for Phantom, including support for the SUI L1 chain and plans for cross-chain capabilities. Pump.fun, the major source of meme tokens, has experienced a slowdown and removed its live-streaming feature due to moderation and content concerns. The platform still receives much of its traffic from the USA, India, and Canada. Despite the slowdown, some Pump.fun meme tokens have gained prominence and made their way to larger exchanges, contributing to the ecosystem's valuation of over $7.23 billion.

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