Pump.fun
Pump.fun generated $124.7 million in revenue during the first quarter, representing more than a third of Solana's total app revenue. This performance came even as memecoin trading declined across the network.
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A cryptocurrency trader, dubbed a 'crypto sniper,' reportedly transformed a modest $285 investment into $627,000 in a single day through a new memecoin on the pump.fun platform. This dramatic gain, representing a 220,000% return, has spotlighted issues of fairness in the memecoin market. While the trader profited handsomely, many regular investors faced losses amid the surge.