Meme PVP ignites another speculative frenzy, Pump.Fun earns nearly 1 million SOLs, filling the bucket

BlockBeats news, on October 22nd, according to CoinDesk, Pump.fun has recently grown to 85000 active addresses, of which 37000 are new wallets, with strong demand for user participation in Meme. According to Lookonchain data, the total protocol fee for Pump.fun is close to 1 million SOLs, and since its release in early March, users have issued over 2.5 million tokens through Pump.fun. Over 5550 addresses have issued 7500 tokens in the past 24 hours alone. On Monday, Meme coin, which is themed around artificial intelligence and led by GOAT, issued a record breaking 31000 tokens, once again sparking a frenzy of speculation. Pump.fun has generated a total revenue of 969945 SOLs ($162 million) to date and sold 503343 SOLs ($78.7 million) at an average price of $156.4. Pump.fun allows anyone to issue tokens with a capital of less than $2, after which they can choose the number of tokens, themes, and accompanying Meme images. When the market value of any token reaches $69000, a portion of the liquidity will be deposited into Solana's DEX Raydium and destroyed. Pump can also be used on Base and Blast networks, but is most commonly used for releasing Meme on Solana. Pump.fun has become one of the most profitable cryptocurrency protocol newcomers.