Pump.fun, the leading memecoin platform on Solana, is forecasting a robust fourth quarter, maintaining its position as the top memecoin with significant market activity. The platform generates approximately $2.5 million in daily transaction fees and has recorded a 30-day decentralized exchange (DEX) volume of $36.8 billion. Despite a 30% decline from its peak, PUMP's market capitalization remains at $1.8 billion, with $700 million in open futures contracts.
Pump.fun contributes 24% of Solana's transaction fee revenue, with top wallets controlling 79% of the supply, which helps mitigate sell pressure. Founder Alon anticipates Q4 to be the platform's strongest, driven by $49.23 million in daily memecoin volume and a projected annual cash flow of $1.8 billion, countering predictions of a potential collapse.
Pump.fun Projects Strong Q4 as PUMP Leads Solana's Meme Coin Market
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