Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
is nearing 1 million SOL token in lifetime fees, with over 2.5 million tokens launched using the service since its early March release.. Monday saw a record 31,000 tokens launched as artificial intelligence-themed memecoins - a niche kickstarted by GOAT - renewed a speculative frenzy.Active addresses grew to 85,000, of which 37,000 were new wallets, indicative of strong demand. Meanwhile, Lookonchain data shows that Pump’s creators are raking in profits.
Pump lets anyone issue a token for less than $2 in capital, after which they choose the number of tokens, theme, and meme picture to accompany it. When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned. Pump is also available on Base and Blast networks but is most commonly used to issue memecoins on Solana. That has minted the project big money. Pump has earned $147 million since going live and is among the most profitable crypto upstarts. In an April report,. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications.
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