The best American crypto exchange by trade volume helps to pump a popular Solana (SOL)-based Memecoin platform with its latest list.
According to a new announcement from Coinbase, Pump.Fun (pump) is the latest altcoin to be added To the stock market package 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 become popular as a platform with which users can make and trade original memecoins without the burden of coding. Up to now, Pump.Fun claims to have launched more than 11 million tokens and since the launch in 2024 that it had generated $ 700 million in income. The platform aims to reward early buyers of new coins and allow the memecoins to “graduate” to decentralized Exchange (DEX) trade after certain milestones have been surpassed.
Last week Pump.Fun completed one of the fastest selling initial coins offers (ICOs) so far.
“The public sale of pump is now over. We are delighted to reveal that the Pump Public Sale is sold out in just 12 minutes. We want to thank our entire community for participation! The pump tokens are now in the distribution phase.”
All tokens sold through the Pomp.Fun website and participating crypto exchanges are transferred 48 to 72 hours after the sale. The tokens become tradable and transferable as soon as the protocol announces that the process has been completed.
In an earlier explanation, Pump.Fun said That 33% of the maximum supply of 1 trillion will be sold in the ICO, 24% is reserved for community and ecosystem initiatives, 20% is assigned to the team, 13% for existing investors, 2.4% for the Ecosystemfonds, 2% for the foundation, 3% for Livesteam and 2.6%.
After the announcement of the Coinbase list, Pump.Fun is worth $ 0.00568 at the time of writing, an increase of 4.5% in the last 24 hours.
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Generated image: dalle3