Pump token, native to Solana's memecoin launchpad Pump.fun, surged 8% to about $0.0029, driven by a bullish golden cross pattern on its daily chart. The token's market cap hit $1.13 billion with over $100 million in 24-hour trading volume, indicating strong market interest. Pump.fun, dominating over 50% of Solana memecoin launch fees, generated a record $10.03 million in protocol fees in early August 2026 and uses buyback and burn strategies to reduce token supply. While the memecoin sector remains active due to Solana's low fees and fast transactions, future token unlocks could introduce selling pressure.
Cryptocurrency markets display varied price changes with Bitcoin rising 1.7% to $64,413 and Ethereum up 1.0% to $1,908.79. Other coins like Binance Coin and XRP show slight declines, while some altcoins such as Morpho and FGRS see notable gains. Thes...
Pump.fun, a Solana-based memecoin launchpad, has become the third highest-earning crypto protocol with $12 million in weekly revenue, trailing only Tether and Circle. It generates income through fees on token trades, graduation fees, and its trading ...
Cosmos Hub (ATOM) surged 7.80% to $1.52, leading the day's top gainers thanks to increased interest following recent network upgrades. Other altcoins like LEO Token, Pump.fun, Bitway, and Venice Token also posted gains, reflecting selective strength ...
Solana's launchpad Pump.fun earned a record $10.03 million in protocol fees during the week of August 3-9, marking its first time surpassing $10 million. Shortly after, 6.875 billion new PUMP tokens were released to the team and early investors, but ...
