Pump.fun Clinches $1 Billion In Daily Trading Volume As Memecoins Race To An $80 Billion Market Cap ⋆ ZyCrypto
The post Pump.fun Clinches $1 Billion In Daily Trading Volume As Memecoins Race To An $80 Billion Market Cap ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Digital asset launchpad Pump.fun has racked up over $1 billion in daily trading volume amid an explosion of ecosystem activity. While Pump.fun is recording impressive adoption levels, the memecoin market capitalization is undergoing a resurgence, driven by soaring asset prices. Pump.fun Bags $1 Billion Worth Of Trading Volume According to CoinMarketCap data, Pump.fun (PUMP) is riding the wave of a bull market to post impressive metrics over the last day. Insights from the crypto price aggregator revealed that PUMP has racked up $1 billion in trading volume in 24 hours, underscoring significant investors’ interest in the project. Buoyed by the surge in daily trading volume, PUMP price is up by nearly 10% over the last day to trade at $0.008436. At current prices, PUMP has a market capitalization of $2.99 billion, with recent metrics noting that nearly half of all PUMP tokens in circulation have exchanged hands in 24 hours. Despite the near double-digit percentage reached on the daily price chart, PUMP’s price performance over the seven-day chart is most impressive. During the last week, PUMP surged by 47.64%, shutting down speculation of a steep decline for the price aggregator. Several project initiatives are behind the glowing PUMP metrics, with a wave of token buybacks triggering a long-running rally for the project. Furthermore, the Solana-based launchpad has unveiled Project Ascend to scale creator rewards and scale sustainability across its ecosystem. Advertisement Amid the push, Pump.fun has raked in $3.12 million in daily revenue, exceeding Hyperliquid and defying platform glitches to set a new record high. Memecoins Record Impressive Milestones While the rest of the cryptocurrency markets have experienced price surges, memecoins are joining the party with impressive numbers over the last 24 hours. Ecosystem leaders Dogecoin and Shiba Inu are up 4% and 2%…
