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Pump.fun Single-Handedly Keeps Crypto Alive While Simultaneously Bankrupting All Its Users

Crypto NewsHackMemecoins 2 Kevin Nelson August 16, 2024

An illustration of a giant pump with an overflowing bucket at the top spilling coins into it from above while below in the background many broken bank vaults are shown. The scene is set against a dark blue sky filled with stars as if night time, but there's also a bright moon shining down on everything giving off a sense of irony and contrast to what's happening. A few scattered tokens can be seen floating away from the pump into space while others fall back towards it in an endless cycle.

The world’s most popular pump-and-dump scheme has done it again! In a feat worthy of the great crypto bros’ collective genius (read: utter idiocy), Pump.fun has somehow managed to generate more revenue in one day than 24 other protocols combined. And by “protocols”, I mean actual blockchain networks that have some semblance of value, rather than just another memecoin created for the sole purpose of separating gullible idiots from their hard-earned cash

Source: cointelegraph

Pump.fun daily revenue outpaces the next 24 protocols combined
https://cointelegraph.com/news/pump-fun-daily-revenue-outpaces-the-next-24-protocols-combined
Solana memecoin deployer pump.fun has generated a record $5.3 million in revenue in the last 24 hours, more than the daily revenue of the next 24 highest-earning protocols combined.  Pump.fun netted a total of $5.33 million in revenue in the last day, significantly outpacing established blockchain networks such as Ethereum and Solana, which posted combined revenues and fees of $2.3 million and $1.6 million, respectively. It has even made more […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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