Pump.fun, the memecoin launching platform announced they have deleted the $2 creation fee, allowing users to create coins without any initial cost.
Instead, the fee is now charged to the first buyer of each new token. Because we didn’t have enough memecoins before…
Please, create more tokens, the world need more memecoins!
This move by Pump.fun is designed to make it easier for anyone to create a memecoin without having to purchase any of its supply.
Once a token reaches a market capitalization of $69,000, it becomes eligible for listing on Raydium, with an own liquidity pool.
This allows the token to be traded more widely, beyond the Pump.fun ecosystem.
What order book? The algo will pump the price.
Unlike traditional trading platforms that rely on order books, Pump.fun’s bonding curve mechanism sets token prices based on a mathematical formula.
In this way, the tokens aren’t just risky because they’re memecoins, but more risky because they’re algorhythm-based too.
As more tokens are purchased, the price increases exponentially, making each subsequent token more valuable.
This model is designed to reward early adopters and create scarcity as demand rises.
The gold rush and the merchants selling shovels
Pump.fun has seen a low success rate, with 99% of its tokens failing to reach the Raydium listing requirement.
The platform has still managed to generate significant revenue. In May, it became the second-largest revenue-generating platform in the crypto space, bringing in $3.38 million in a single week, second only to the Ethereum network.
In July, the platform frequently exceeded $1 million in daily revenue, peaking at $2.31 million on July 30.
Since its launch in January 2024, Pump.fun already generated a cumulative revenue of $87.2 million, with the majority coming from tokens that didn’t reach the broader market. The money spent on these tokens went to the platform.
Pump.fun offers a pretty straightforward way for non-technical users to launch memecoins without requiring extensive time or financial investment.
Initially launched on the Solana blockchain, the platform quickly integrated with Blast shortly after its mainnet went live in February.
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