Pump.fun Achieves $3.38M Revenue, Surpassing Hyperliquid’s $3.06M

Solana-based meme coin launchpad Pump.fun experienced an 8% daily gain on September 16, outperforming the broader crypto market. The platform's daily revenue reached $3.38 million, surpassing popular trading platform Hyperliquid, which recorded $3.06 million.

  • Pump.fun generates revenue from fees on new meme coin creations and trading volume.
  • Pump.fun has implemented a buyback policy using 100% of its revenue to repurchase PUMP tokens, totaling nearly $98 million since July.
  • The platform ranks third on DeFiLlama's daily revenue board, behind Tether and Circle.

PUMP Token Insights:

  • Current price: $0.0081 with a market cap of $2.87 billion.
  • PUMP posted a 69% weekly gain with a $1.2 billion market cap surge.
  • Potential Binance listing could impact future price movements.
  • A whale turned a $3.4 million loss into a $3.86 million profit due to the recent rally.
  • Strong support is near $0.0064, with potential to rise to $0.0092 if it breaks out of consolidation.

Maxi Doge (MAXI) Highlights:

  • Presale funds raised: $2.22 million.
  • Current price: $0.0002575.
  • Offers a 146% annual staking reward for early participants.