CandleFocus Pump.Fun Dumps Fresh 9,940 Solana Amid Market Rebound
2024-09-12
Author: Content Editor
Pump.Fun, a popular memecoin launchpad based on the Solana network, has sold $1.33 million worth of SOL to Kraken for sales. This brings Pump.Fun's total sales to $42.93 million, or 38% of its total revenue. The protocol has raised $95.87 million in fees since its inception in January. Despite the decline in Pump.Fun's usage due to competition from other platforms, the Solana network has shown signs of life, recently breaking records for the highest number of active users. Solana's price has also rebounded, up 2.4% in the past 24 hours. Analysts predict Solana could surge further before its upcoming Breakpoint event on September 20.
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