Solana Meme Coin Generator Pump on Track for $66M Yearly Revenue
Summary
Pump, a meme coin generator platform on Solana, has earned over $5 million in fees since March, making it one of the biggest revenue-generating applications. It allows anyone to issue a token for $2, choose the number of tokens, theme, and meme picture. The platform prevents rug pulls and deposits liquidity to Raydium when a token's market cap reaches $69,000. It has extended support to Blast and Base networks. The platform has seen a rapid creation of new tokens, with only a few reaching market capitalizations of over $10 million. The largest tokens so far are Shark Cat (SC) and Hobbes, with valuations of $100 million and $35 million, respectively.
