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Pump.fun launches ‘Advanced’ terminal to rival Photon, confirms token launch

October 22, 2024
in DeFi
Reading Time: 2 mins read
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Pump.fun launches ‘Advanced’ terminal to rival Photon, confirms token launch
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Solana-based memecoin launch platform Pump.fun teased a new token and potential airdrop following its most successful week to date.

The announcement was made during a Twitter Spaces event introducing Pump Advanced, the platform’s latest trading terminal designed to compete with established tools like Photon and Bull X.

The new Pump Advanced terminal, optimized for the platform’s users, integrates mini charts, top holder stats, and social activity features into a single view.

The terminal will offer 0% fees for the first month to attract new traders to Pump.fun. The terminal also supports secure logins through email using the Privy non-custodial wallet solution.

During the event, Pump.fun co-founder Sapijiju also hinted at plans for a future token and possibly an airdrop, although no official timeline has been confirmed. He said in response to questions:

“We are definitely planning on launching a token at some point in the future. I’m not going to say when, that’s all to come. Our airdrop, no guarantees here, will probably be a lot more lucrative than anyone else in the space.”

While the exact details remain under wraps, it is expected that the token will be launched on Solana, the same network as Pump.fun’s existing offerings.

Since its launch in January, Pump.fun has generated over $140 million in fees through the creation of more than 2.5 million Solana-based tokens.

The platform has gained popularity for enabling users to quickly create tokens, helping fuel meme coin trends like celebrity-themed tokens and viral livestream stunts. This week, Pump.fun recorded a daily high of 31,600 newly created tokens and surpassed $1.1 billion in trading volume following a resurgence in activity.

With its growing user base and new trading tools, Pump.fun continues to solidify its reputation as a go-to platform for creating and trading meme coins despite rising competition on other networks.

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