Key Takeaways

• PumpFun generates insane traffic following the launch of its Solana-meme coin streaming platform.

• Wild ideas from creators looking to earn money from memecoin creator fees as they fake deaths or rugpulls.

• PUMP token could see more upside potential as crypto experts predict a potential $0.1 price target. 

PumpFun is making a new headline in the crypto market following the launch of its stream platform, which allows creators of memecoins to earn fees during livestreams on their channel. This innovation has sparked wild ideas and possibly fake deaths. 

PumpFun, which was once in the media for the crash of its Solana memecoin PUMP towards a low of $0.0025, has seen its team devise an idea of a token buyback mechanism, reviving its PUMP token price towards new all-time highs of $0.008 as the price nears $0.01.

Despite gaining accolades for its idea, the near launch of a memecoin stream has generated controversy, with speculation of dumps and rug pulls increasing in the Solana memecoin community. 

PumpFun Memecoin Stream Platform Gain Interest

PumpFun, a Solana-based memecoin, generated over $3.13 million in revenue launching its stream platform for memecoin creators and paying over $4 million to creators with close to $100 million in PUMP buyback, fueling the price of its native token to rally toward $0.0087. 

This surge on its memecoin platform led to a livestream suspension and a crash due to high demand and the inclusion of controversial ideas from creators. While many have praised this new blockchain idea challenging TikTok, Kick, and other streaming platforms, PumpFun has come under criticism from creators and crypto influencers, as many creators have demonstrated absurd characters like fake deaths, eating poo, and a disabled patient rugging his viewers. 

Will current events have a positive impact on the price of PUMP?

PUMP Price Analysis

Source – PUMP Token Price Chart from CoinMarketCap

The price of PUMP token with a market cap of $2.8 billion trades above $0.008, as the price has strong upside potential, as crypto experts speculate the price could continue to maintain a strong price action above $0.03 in the coming months. 

Other traders and investors predict that the price has the potential to reach a high of $0.1, considering how strongly the Solana memecoin has recovered in the last few months following strong market criticism, as current price action remains bullish.

FAQs

What is PumpFun used for?

This is a Solana-based memecoin launchpad and streaming platform that has garnered strong attention due to its streaming platform and PUMP token.

What is pump fun?

It is used to launch Solana memecoin and stream to earn creator fees. 

Can you use PumpFun in the UK?

PumpFun is currently not allowed in the UK due to regulatory policies.

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