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Pump.fun Token Launch Revealed Coming Soon

Key Points:

Pump.fun launches its advanced trading terminal, Pump Advanced, featuring tools like real-time updates, advanced filters, and zero fees for the first 30 days.
A pump.fun token launch is coming soon for early users, following significant growth with $100 million in accumulating fees as of August.

The meme coin launch platform pump.fun announced its professional trading terminal, called Pump Advanced, in an X Space session on October 20.

Pump.fun Token Launch Announced to Come Soon

The platform also announced the near-future pump.fun token launch while introducing the Pump Advanced and promised rewards for early users of its platform.

The core idea of Pump Advanced is to improve the user experience by introducing different tools that would give support to frequent traders. It includes real-time update threads, advanced filters, charts, and top-holder statistics, among others. It also integrates with Privy, a function that enables its users to log in through non-custodial wallets. For the first 30 days, Pump Advanced will work fee-free, but the future structure of fees has not been announced yet.

“We’re going to make sure we’re going to reward our earliest users,” the team said, hinting at the potential pump.fun token launch. The platform saw huge growth, amassing as much as $100 million in fees by the end of August, data from The Block showed.

Security Breach Causes Theft of $1.9 Million SOL Token

Initially focused on supporting the Solana, pump.fun expanded to the Blast network. In simple terms, it is a platform that will enable one to create, issue, and trade in their own cryptocurrencies, where tokens can be built by specifying a name, ticker symbol, image, and description.

However, pump.fun hasn’t had a completely smooth ride. In May, the platform was subjected to a critical security vulnerability that was exploited by a former employee. With administrative privileges, the employee completed a flash loan attack, where he siphoned off almost $1.9 million in SOL tokens taken from liquidity pools.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.