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Pump.fun income achieves record $28.7 million monthly agreement for July, driven by retail interest in Solana-based memecoins like WIF and BONK.
Author: Chirag Sharma
In an impressive milestone, Pump.fun has achieved record monthly agreement income, totaling $28.73 million in July. This achievement highlights the growing retail interest in Solana-based memecoins, such as WIF and BONK.
According to an August 13 post by Entropia Intel news aggregator, Pump.fun, a memecoin creation platform on the Solana blockchain, has reached unprecedented heights in monthly agreement income. This accomplishment is particularly noteworthy as it occurred just two weeks after the platform surpassed Ethereum in 24-hour revenue. On July 29, Pump.fun generated $864,000, compared to Ethereum’s $550,000 during the same period.
The record monthly income on Pump.fun can be attributed to multiple factors:
The enthusiasm for memecoins shows no signs of slowing down. Notably, (WIF) has solidified its position as the fifth largest Solana-based cryptocurrency by market capitalization, closely followed by Bonk (BONK) in sixth place. Recently, WIF experienced a notable rally, with its price surging over 20%, although it faced a 24-hour retracement of over 8%, at $1.66 as of 11:28 am UTC.
In addition to its financial success, Pump.fun announced last week that it would offer the free creation of memecoins – Check Here, further attracting retail interest in the platform.
In summary, Pump.fun’s record monthly agreement income of $28.73 million in July exemplifies the surging retail interest in memecoins. The platform’s innovative approach and celebrity influencers make it an exciting player in the cryptocurrency landscape.
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