The platform Pump.fun, which runs on Solana, earned $30 million by releasing meme tokens.

• Pump.fun, Solana’s token creation platform, has earned a total of $30 million from meme coin production.

• In May, Pump.fun released nearly 500,000 tokens.

• The meme coin trend is greatly influenced by Solana’s affordable fees and user-friendly interface.

In the month of May, DeFiLlama data shows that Pump.fun earned $30 million in revenue and generated over 500,000 tokens.

The company Pump.fun saw significant increase in profits due to the hype around a meme coin endorsed by celebrities.

In May, Pump.fun, a leading token creation platform on the Solana blockchain, earned $30 million in revenue during the three-week meme coin frenzy. This demonstrates that Pump.fun has played a significant role in the overall growth of tokens on Solana. In just one month, the platform launched 500,000 tokens, with most being meme coins.

Additionally, take note of: Whale shifting investments from WIF to TREMP and BONK, resurgence of Solana meme coins.

Pump.fun offers an uncomplicated platform that allows anyone to generate a token easily with a few simple clicks.

Pump.fun has become the preferred platform for creating tokens, particularly for developers of meme coins, due to its user-friendly interface. The affordability and efficiency of Solana may also play a role in Pump.fun’s popularity, allowing meme coin creators to attract users without the usual obstacles in traditional blockchain systems.

A number of famous individuals utilized Pump.fun to launch meme coins inspired by their identities and work. Some of these celebrities include Caitlyn Jenner, Iggy Azalea, Donald Trump, and Davido, all of whom released their tokens through Pump.fun.

In addition, a rise in GameStop stock was sparked by Roaring Kitty, leading to potential gains in gaming tokens.

However, most of these tokens experienced a quick pump and dump within a few days after launch.

Some people within the cryptocurrency community speculate that the recent proliferation of meme tokens on Pump.fun may have been influenced by the previous success of Solana-based meme coins such as WIF, BONK, and Book of Meme. These particular tokens were significant contributors to the hype surrounding meme coins in March.