
The Official Melania Meme (MELANIA) memecoin is also making people millions in profit after reaching a $2 billion dollar market capitalization overnight.
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Despite the controversy faced by the platform, Pump.fun earned $106 million in DApp revenue in November.
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Memecoins have turned numerous cryptocurrency investors into millionaires despite their intrinsic lack of utility.
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Five of the top 10 crypto protocols by fee earnings in the last 24 hours were on Solana.
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The Neiro memecoin pumped by almost 7,600% after being listed on the Binance exchange.
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Following the controversial death of Peanut the Squirrel, memecoins themed after Peanut have surged on Solana, with some hitting market caps of more than $100 million.
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Reports have emerged of users buying tokens and not seeing it show up in their wallet balances.
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Traders are bracing themselves for more pain in September but are looking to October and November with renewed optimism.
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Tron’s new memecoin deployer SunPump has just overtaken its rival, generating 59% more revenue than pump.fun in the last 24 hours.
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Decentralized exchange aggregator Jupiter has alerted users of a malicious browser extension that apparently managed to sneak through Solana’s drainer checks.
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