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Solana (SOL)-Based Memecoin Platform Pump.fun (PUMP) Gets Bump From New Coinbase Listing

Altcoins
By admin
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The top US-based crypto exchange by trading volume is helping pump up a popular Solana (SOL)-based memecoin platform with its latest listing.

According to a new announcement from Coinbase, pump.fun (PUMP) is the latest altcoin to be added to the exchange’s suite of digital assets.

“Pump.fun (PUMP) is now live on Coinbase.com and in the Coinbase iOS and Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

Pump.fun has gained popularity as a platform that allows users to create and trade original memecoins without the burden of coding. So far, pump.fun claims to have launched over 11 million tokens and generated $700 million in revenue since its launch in 2024. The platform aims to reward early buyers of new coins and allow the memecoins to “graduate” to decentralized exchange (DEX) trading after certain milestones are surpassed.

Just last week, pump.fun completed one of the fastest-selling initial coin offerings (ICOs) to date.

“The PUMP public sale has now ended. We are delighted to reveal that the PUMP public sale was able to sell out in only 12 minutes. We would like to thank our entire community for participating! The PUMP tokens will now enter the distribution phase.”

All the tokens that were sold through the Pump.fun website and participating crypto exchanges will be transferred 48 to 72 hours after the sale. The tokens will become tradable and transferable once the protocol announces that the process is completed.

In an earlier statement, Pump.fun said that 33% of PUMP’s maximum supply of 1 trillion will be sold in the ICO, 24% is reserved for community and ecosystem initiatives, 20% is allocated for the team, 13% for the existing investors, 2.4% for the ecosystem fund, 2% for the foundation, 3% for livestreaming and 2.6% for liquidity and exchanges.

Following the announcement of the Coinbase listing, pump.fun is worth $0.00568 at time of writing, up 4.5% in the last 24 hours.

Generated Image: DALLE3



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