With its latest listing, the top US crypto exchange based on trading volume has helped boost a popular Solana-based Memecoin platform.
Coinbase has announced that pump.fun, or PUMP as it is also known, will be the latest digital asset to join the Exchange’s collection.
Coinbase.com, Coinbase iOS apps and Android app with Experimental label now support PUMP. Customers can use Coinbase to purchase, sell, exchange, send, store, or receive these assets .”.
Pump.fun is a popular platform for creating and trading original memecoins, without having to code. Pump.fun has claimed to have generated over $700 million of revenue and launched more than 11 million tokens since 2024. Platform aims to reward those who buy new tokens early and to allow memecoins “graduate” into decentralized exchange trading once certain milestones have been met.
Pump.fun has just completed the sale of one of its fastest initial coin offerings.
The PUMP public auction has ended. The PUMP public sales sold out in just 12 minutes. Thank you to our community! Now, the PUMP tokens are ready to be distributed .”
The tokens sold on the Pump.fun site and the participating exchanges are transferred within 48-72 hours of the sale. Once the protocol has announced that the entire process is complete, the tokens can be traded and transferred.
Pump.fun stated in an earlier press release that 33 percent of the maximum PUMP supply of one trillion dollars will be sold during the ICO. The remaining 24 percent is set aside for community initiatives and ecosystem projects, 20 per cent is for the team and existing investors, 13 per cent for ecosystem funds, 2,4 % for foundations, 2% the fund for ecosystems, 3% is for livestreaming, and 2.6% is for exchanges and liquidity.
Pump.fun, following the Coinbase listing announcement, is now worth $0.00568. This represents a 4.5% increase in value over the past 24 hours.
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The post Pump.fun, a Memecoin platform based on Solana (SOL), Gets a boost from new Coinbase listing may change as the updates occur.
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