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REGULATION
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2 months ago

Pump.Fun is planning for token launch and introduces advanced trading terminal in major announcement

2024-10-20

REGULATION
by
2 months ago
 
Solana-based memecoin exchange Pump.Fun has revealed plans for an upcoming token launch and the introduction of “Pump Advanced”, a trading terminal designed for power users. The announcements were made during a recent X Space event, signaling another development for the popular platform.

 

The highly anticipated "Pump Advanced" platform offers advanced trading tools, including mini charts, top holder statistics, social activity tracking, and live-updating threads. These features are aimed at attracting heavy traders on Pump.Fun. Users will also be able to access non-custodial wallets through Privy, an authentication platform, Pump.fun will charge 0% fees on Pump Advanced for the first month. Following this period, the exchange will announce future fee structures.

 

In the same announcement, the Pump.Fun team also hinted at a future token launch, noting that early users would be rewarded as part of the rollout. The team expressed ambitions to rival major exchanges, such as Binance, stating that all current revenue—around $1 million per day in some cases—was being reinvested back into the platform to fuel its growth.

 

Pump.Fun reached a milestone of $100 million in cumulative fees by the end of August, with recent surges in activity driven by the memecoin Moo Deng.

 

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