Solanas Pump.Fun Is The YouTube of Web3, Unreal Performance Stat To Note

Notably, Pump.Funs revenue stream is further enhanced by PumpSwap, a proprietary DEX launched three months ago.

As it stands, this PumpSwap project alone generates up to $380 million in daily trading volume. Up to 29,000 tokens are launched daily, with about 370 of them graduating into full trading.

There is a general memecoin hype, but Pump.Fun has managed to demonstrate resilience.

Also, there is still sustained user engagement, supported by the high Solana throughput and low-cost transactions.

Solana ATH Trigger

This outlook for Pump.Fun is likely to trigger a new All-Time High (ATH) for Solanas native coin, SOL.

Unfortunately, the SOL price has faced resistance at $164, following a large whale sell-off, sparking speculation on its short-term movement.

At the time of this writing, the Solana coin was trading at $150.92, a 0.64% increase over the last 24 hours.

Despite this slight price gain, SOL remains significantly lower than its ATH of over $250.

According to market data, the coin traded at 3.40% lower over the last seven days and 5.61% over the past 24 hours.

More whale activity and market sentiment are expected to cause a potential price shift, possibly fueling a big shift soon. The TD Sequential indicator is flashing a buy signal on the daily chart.

Crypto analyst Ali Chart has pointed out that this TD Sequential buy signal could mark the beginning of a rebound for Solana.

Pump.Fun Token Sale and Revenue Sharing: The Implication

Meanwhile, Pump.Fun is looking to conduct a $1 billion token sale at a fully diluted valuation (FDV) of $40 billion.

With these sales, it is targeting public and private investors. As a positive complement, the launchpad wants to allocate part of the protocols revenue to future PUMP token holders.

No information has been released about how much revenue would be distributed.

Based on expectation, the total supply of PUMP tokens will be 1 trillion, with the current private placement pricing set at $0.004 per token.

The public offering is expected to launch within two weeks, after which the airdrop will follow.