Pump.fun Sees Surge In Active Addresses And Token Issuance

According to Odaily, Pump.fun has recently experienced a significant increase in active addresses, reaching 85,000, with 37,000 of these being new wallets. This surge indicates a strong demand for user participation in meme-related activities. Data from Lookonchain reveals that the total protocol fees for Pump.fun have approached 1 million SOL since its launch in early March. Users have issued over 2.5 million tokens through the platform during this period. In the past 24 hours alone, more than 5,550 addresses have issued 7,500 tokens. Pump.fun allows anyone to issue tokens with a capital of less than $2. Users can then choose the number of tokens, themes, and meme images to accompany them. When the market capitalization of any token reaches $69,000, a portion of the liquidity is deposited into the Solana-based exchange Raydium and subsequently burned.