memecoin growth
Coverage of memecoin growth in the Nexus archive.
- how's pumpfun still not take seriously as a real business?
Pumpfun has burned $370 million in PUMP tokens and plans to allocate 50% of net income to buybacks and burns for the next year. The article argues Pumpfun’s success stems from monetizing speculative behavior inherent to crypto culture, with Bloomberg citing it as a major driver of memecoin growth on Solana and reports claiming over $1 billion in cumulative revenue.
- how's pumpfun still not taken seriously as a real business?
PumpFun, a memecoin platform on Solana, has burned $370 million in tokens and committed 50% of net income to buybacks via an irreversible smart contract. The article argues PumpFun's success stems from monetizing crypto's speculative culture rather than traditional fundamentals, with Bloomberg citing it as a major driver of memecoin growth and reports indicating $1 billion in cumulative revenue.