Pump Advanced, a new high-tech trading bot by Pump.fun, the Solana-based Namecoin launching platform, is the new kid on the block poised to enhance user experience and actively engage Memecoin enthusiasts.
Pump.fun announced the upgrade during an X Spaces event on October 19, 2024, calling it the “fastest trading terminal” with features like mini charts, top holder statistics, and social activity that would enable users to monitor meme activity in real-time, to name a few. The new platform is expected to outperform Pump.fun and other rival bots. The terminal, which is set to rival Phantom and Bull X, has several modern features that will make it more accessible to users. Traders will enjoy 0% fees during the first month.
Token Launch and Airdrop
Since its launch in January, Pump.fun has overseen the creation of over 2.5 million Solana tokens and accrued at least $140 million in fees. The platform has also been responsible for among the craziest Memecoin trends so far, from celebrity Meta to live-streamed risky stunts. In addition to the newly upgraded trading terminal, the team behind the Solana-based platform hinted at an imminent token release and airdrop without giving specific details.
During question time during the 11,000-person X Spaces event, project co-founder Sapajiju, who goes by the pseudonym Sapajiju, revealed that there was a potential token launch and airdrop. Sapajiju stated that the said token launch and airdrop would be at some point in the future, adding that “no guarantees here will probably be a lot more lucrative than anyone else in the space.” Since the statement never provided any details or timelines, speculation remains that it could be accomplished via the same Solana App.
Aid the Rise of Memecoins
Available data shows that in September 2024, the crypto industry rated Pump.fun as the fastest-growing platform by revenue, having generated at least $100 million during the first seven months of its existence. The platform has so far been instrumental in aiding the rise of Memecoins within the crypto space by allowing users to create meme-backed tokens on the Solana network. Once the coins are launched, developers can trade the token on a binding curve until it exceeds $69,000 in market cap.
At the time of going to the press, the newly launched platform was already up and running. The protocol’s main page shows the meme coin’s chart changing in real time every time a new coin is added to the Pump.fun platform. Users can purchase meme coins directly on the new platform using a “Quick Buy” button available at the top of the site. Memecoins are ready to be launched on the “About to graduate” panel.
Pump Advanced has a Competitive Edge
The vibrant nature of the crypto market has given Pump.fun a competitive edge as a critical player in Memecoin development. The presence of incentives and the removal of the initial launching fees for developers until they reach the prescribed market cap have created an attractive environment for potential creators. This has been responsible for a lot of activity that gave rise to Memecoins like Goatseus Maximus (GOAT) and Moo Deng (MOODENG), all of which have been great hits, capturing public attention and great potential on the Pump.fun ecosystem.
Despite the teething problems and competition from the Tron-based SunPump launch pad, which almost stole the thunder of Solana’s launch pad, the platform has established itself impressively. According to data from Dune analytics, SunPump has experienced slow growth, with the rate of daily token launches averaging between 5,000 and 10,000. However, in recent weeks, the Pump.fun ecosystem has experienced renewed growth, setting a potential positive tone for the platform’s future undertakings.
Conclusion
The launch of Pump Advanced and other related developments at Pump.fun is evidence of the significant happenings within the dynamic Memecoin sector of the cryptocurrency market. With the new platform and the upcoming airdrop, the platform has placed itself on a trajectory of future growth and innovation. Memecoin users should look forward to a robust marketplace where Memecoin creation could end up becoming one of the many valuable resources within the ever-changing crypto industry.
