Pump.fun Unveils Token Plans and Pro Trading Terminal

Pump.fun Unveils Token Plans and Pro Trading Terminal

By Jakub Lazurek

21 Oct 2024 (6 hours ago)

2 min read

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Pump.fun announces plans for a native token and launches a new pro trading terminal, aiming to reward early users and boost trading efficiency.

Solana-based platform Pump.fun, known for its meme coin ecosystem, has hinted at plans to launch its own native token. This was announced during an X-Space session on October 19, where the team also introduced a new trading tool for professional users, Pump Advanced.

The native token will be used to reward early adopters of the platform. Although no specific timeline was given, the team assured that a portion of the token supply will be airdropped to the platform's early supporters. "We’re committed to rewarding our earliest users," the team stated. This news has sparked enthusiasm within the community, with many seeing it as a potential boost for liquidity on the platform.

Some crypto analysts believe that targeting top traders and developers in the airdrop could make a big impact. They suggest that trading volume and coin performance could be key factors in determining who qualifies for the rewards. An airdrop farmer named Vex shared his excitement, stating, "If they include revenue sharing for the token, this could be a game-changer."

During the same session, Pump.fun introduced Pump Advanced, a new trading terminal designed for professional users. This platform offers advanced features, including live charts, statistics on top holders, real-time social threads, and filters designed to enhance the trading experience. The Privy authentication platform will integrate with non-custodial wallets, and for the first month, the service will offer 0% fees on trades, after which fees will be introduced.

The Pump.fun team emphasized that the advanced trading interface provides users with low fees and powerful tools to maximize their trading capabilities. It is expected to cater to traders looking for a data-rich, efficient trading environment.

Despite growing competition from platforms like Tron’s SunPump network, Pump.fun has continued to thrive, showing strong user engagement and growth. According to Dune Analytics, Pump.fun has maintained a high level of trading activity, with nearly 100,000 daily active addresses and over 31,000 tokens launched on the platform in just one day. During this period, Pump.fun’s revenue reached $2 million.

The platform’s success is reflected in its ability to attract a significant number of users while maintaining strong daily activity and token creation. With the upcoming native token launch and the introduction of Pump Advanced, Pump.fun is positioning itself as a key player in the meme coin and professional trading ecosystem on Solana.

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