Key Points:
Read more: Platforms Like Pump.fun With Profit Potential You Need to Know
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.
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.
DISCLAIMER: The information on this. website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Yuga Labs has officially launched Layer 2 ApeChain on Ethereum, along with its bridge and…
Eighteen U.S. state attorneys general urged President Biden to help secure the release of Binance…
Los Angeles, USA, 19th October 2024, Chainwire
Discover BlockDAG's $1M giveaway giving 50 crypto fans a shot at $20K each. Updates on…
Solana and RCO Finance surge with innovation, while the XRP price faces challenges in maintaining…
While analysts foresee Shiba Inu climbing 5,000% to outpace Dogecoin, WallitIQ (WLTQ) is quietly emerging…
This website uses cookies.