Iggy Azalea’s launched her own token on Pump.fun, and over a million others have been created too. But this could be bad news for investors… and the market overall. 

There’s one thing that forever remains impressive about the manic world of crypto: how a new project can pop up and quickly take the world by storm.

For our latest exhibit, let’s turn our attention to Pump.fun, which basically allows anyone to create their very own memecoin. 

It launched back in January of this year — and figures from DefiLlama suggest the website’s already on track to make $265 million in revenue a year. $265 million!