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bitmisfit
@bitmisfit
What is pump.fun? This is a memecoin token launchpad on Solana with a UI based on 4Chan, allowing users to launch tokens for ~0.2 $SOL (~$4). It offers advantages such as preventing token sniping and mitigating risks associated with rug pulls. 🧵👇
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bitmisfit
@bitmisfit
Key Metrics • Revenue: Ranked in top 10 in global revenue generation with $25 million in the last 30 days and over $75 million since inception (DefiLlama). • Tokens Deployed: Over ~10k tokens per day, and over 1.5 million tokens since inception (Dune: hashed_official). • Transactions: Currently constitutes 35% of all Solana DEX transactions (Dune: hashed_official).
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bitmisfit
@bitmisfit
Future Challenges • Scammers: Rugs are still possible through obfuscation, such as buying a large supply in the bonding curve using different wallet addresses. • Competitors: New entrants including Dexscreener's Moonshot, Degen Fund, and Jupiter's CAT Project.
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