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Pump.fun ATH This Year? PolyMarket Split 50/50 as $500M Meme Coin Factory Faces Crash Fears

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Polymarket has opened a brand new prediction market centered on Pump.enjoyable, the Solana-based meme coin launchpad that has quickly change into some of the lively platforms within the crypto ecosystem.

The market lets customers wager on whether or not Pump.enjoyable’s token, PUMP, will attain a brand new all-time high by December 31, 2025.

At current, the betting odds are break up evenly, with “Yes” and “No” outcomes every priced at 50%. The stability displays uncertainty amongst merchants, who’re weighing Pump.enjoyable’s speedy development towards questions on its long-term sustainability.

Pump.enjoyable Drives Nearly 13M Token Launches on Solana, $500M in Fees Collected

Since launching in early 2024, Pump.enjoyable has facilitated the creation of greater than 7 million tokens, according to Galaxy Research. Nearly 13 million of the 32 million tokens on Solana have been launched by means of Pump.enjoyable, marking a close to 300% enhance in beneath two years.

Tokens on the platform signify $4.8 billion in absolutely diluted market worth, whereas Pump.enjoyable itself has generated near $500 million in charges.

The platform’s enlargement has had a direct impression on the broader Solana ecosystem. High buying and selling volumes on Pump.enjoyable have funneled liquidity into Solana, at occasions supporting positive aspects in SOL’s value.

At its peak, Pump.enjoyable income reached $13.48 million in a single week between August 11 and August 17, its strongest efficiency since February. Over the previous 30 days, the launchpad has generated round $120 million in charges, according to DefiLlama.

Source: DefiLlama

Daily exercise stays high. In the final 24 hours, Pump.enjoyable recorded $134.3 million in buying and selling quantity and 114,457 lively addresses. More than 20,000 new tokens had been deployed on the platform, whereas 95 “graduates” superior past the bonding curve stage. Fees collected over the identical interval totaled $1.29 million.

Source: Dune

Despite these milestones, issues linger. Data reveals that 98.6% of Pump.enjoyable tokens are labeled as scams or pump-and-dump initiatives, elevating questions on sustainability.

Median holding occasions for Solana meme cash have additionally collapsed to about 100 seconds, down from 300 seconds a yr earlier, exhibiting the dominance of bots and scalpers in buying and selling exercise.

Pump.enjoyable launched its personal token, PUMP, in July through an initial coin offering that raised $500 million in beneath 12 minutes. The token has since seen sharp strikes.

It reached an all-time high of $0.008819 however now trades at $0.007028, about 20% under that peak however nonetheless up 75% up to now 30 days. Its market capitalization stands at $2.48 billion, rating it 66th on CoinGecko.

The introduction of Polymarket’s new betting market provides one other dimension to the story, giving traders a structured strategy to quantify sentiment.

With odds at present break up, the market highlights each confidence in Pump.enjoyable’s explosive development and warning over the volatility of meme coin-driven ecosystems.

Pump.enjoyable Token Gains Momentum Amid Ecosystem Upgrades and Institutional Interest

Pump.enjoyable has continued to attract consideration with a mixture of ecosystem updates, alternate listings, and company adoption, fueling bullish sentiment for its native token, PUMP.

The platform’s main improve, Project Ascend, introduced on September 2, introduced a new creator fee structure aimed at improving token sustainability. The system, referred to as Dynamic Fees V1, lowers charges as market capitalization rises, encouraging long-term initiatives fairly than short-lived speculative launches.

The transfer, coupled with sooner approvals for community-led token takeovers, helped PUMP rally greater than 10% on the day of the reveal.

Expansion efforts have adopted swiftly. In mid-September, Binance added PUMP to its spot market, providing merchants an opportunity to share in a 350 million token reward pool.

On October 1, Pump.enjoyable announced new cost integrations with Apple Pay, Robinhood, Phantom, and others, streamlining onramps for customers with low charges and on the spot buying and selling entry

Institutional curiosity has additionally emerged. On October 2, Australia’s Fitell Corporation disclosed a purchase of 216.8 million PUMP tokens worth $1.5 million, including them to its treasury as a part of a broader Solana-focused funding technique.

The agency, rebranding as Solana Australia Corporation, not too long ago secured a $100 million credit score line to deepen its crypto publicity.

Technical indicators recommend momentum could also be constructing. Analysts level to a possible bullish crossover on the MACD and rising capital inflows proven by the Chaikin Money Flow, each signaling stronger investor demand.

Source: TradingView

PUMP, buying and selling close to $0.0066, is trying to carry $0.0062 as help, with targets of $0.0077 and $0.0090 if shopping for strain continues.

The submit Pump.fun ATH This Year? PolyMarket Split 50/50 as $500M Meme Coin Factory Faces Crash Fears appeared first on Cryptonews.

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