Memecoin Launch and Trading Platform Pump.fun Reaches $5.2 Million in Revenue in Last 38 Days

According to The Block's data dashboard, the new Memecoin launch and trading platform Pump.fun has already realized $5.2 million in revenue over the past 38 days, generating $528,000 in fees yesterday alone.Pump.fun purportedly allows anyone to allocate new tokens that can be instantly traded for less than $2, while acquiring seeded liquidity. The project says, "Every token on Pump is issued fairly, with no pre-sales or team allocations."