Pump fun Hits All-Time High Revenue of $82.8M in November

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As a seasoned crypto investor with over a decade of experience in this dynamic and volatile market, I have witnessed countless projects rise and fall, often leaving investors like myself scratching our heads. However, the explosive growth of Pump.fun in November has certainly caught my attention. With its staggering $82.78 million monthly revenue, it’s hard not to be impressed.

Meme coin launchpad Pump.fun experienced rapid expansion in November, achieving its all-time high monthly income of $82.78 million. This impressive growth marks a significant jump of 207% compared to the revenue recorded in October, which was $30.5 million.

This increase in occurrence aligns with an impressive spike in user engagement and transaction volume across the platform. As shown by Dune Analytics’ data, Pump.fun experienced its maximum number of token launches to date on November 20th, breaking records with an astonishing 69,046 Solana-powered tokens launched in a single day.

Furthermore, over the last fortnight, the system handled a grand total of approximately $4.15 billion in transactions.

Nonetheless, it’s worth mentioning that Pump.fun has encountered criticism recently concerning its livestream functionality. Introduced in August 2024, this feature has unfortunately been exploited by certain coin developers to disseminate harmful content, such as acts of self-harm and risky behaviors.

This action ignited widespread anger and questions about the platform’s content management policies. In response to the criticism, Pump.fun has now turned off its live streaming function.

On the platform, the team addressed users’ worries promptly by taking steps to create a more secure atmosphere. This involved eliminating offensive content, marking adult-oriented content as such, and enhancing moderation controls.

On November 23rd, the founder of Pump.fun, “alon”, spoke about an issue, stating that their platform has consistently had a sizable team of moderators available around the clock. Alon additionally admitted some shortcomings in their current system and urged users to flag any content they find harmful for review.

Regardless of the ongoing debate, Pump.fun’s financial strength persists. With the meme coin market constantly developing, it’ll be intriguing to observe how the platform navigates content moderation difficulties while continuing its robust growth trend.

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2024-11-29 20:21