In a recent X Spaces event, the Pump.fun team unveiled plans about a token release.
Background
- The team also announced a newly upgraded trading terminal called "Pump Advance”
- Pump Advance will showcase mini-charts, data w.r.t. top holders, and social indicators
- This will help traders navigate amongst the thousand of memecoins piled up on the platform
- Regarding the token launch, the team did not reveal further details, nor did they provide a specific timeline
Why should you pay attention?
- The Pump.fun team announced 0% fees for the first month for Pump Advance users
- Subsequent fees will be revealed going forward
- The new platform will additionally encapsulate enhanced login security options via Privy
- The end goal of the team is to bring Pump.fun “to the masses”
Who said what?
- With respect to the token launch, the team asserted,
“Pump.fun is planning to launch a token in the future. We're going to make sure we're going to reward our earliest users”
- They added,
"All the money we made so far is being reinvested back into the platform… We want to create something as big as Binance — bigger than that"
Zooming out
- The proportion of tokens created using Pump.fun vs. the ones actually making it to Raydium currently hovers in the 1%-2% bracket
- On 18 October, for instance, a whopping 34,724 tokens were launched, while merely 409 made their way to Raydium
