Pump.fun's team announced a future token release and an update to the Pump Advance trading terminal.
Announcement of Future Token Release
On October 19, Pump.fun announced in an X Spaces event a future token launch on the Solana network. No specific timeline was provided for the token launch.
Features of the New Pump Advance Platform
Pump Advance offers mini-charts, data on top holders, and social indicators. The first month will have 0% fees, and enhanced login security is provided by Privy.
Market Reaction and Memecoin Prospects
Opinions on memecoins are mixed; some see them as beneficial, others as detrimental. Despite risky launches, Pump.fun remains popular with significant transaction volumes.
The chances of picking a successful memecoin on Pump.fun are less than 0.12%, making the platform a 'slaughterhouse' for traders.
Despite high failure rates, Pump.fun continues to attract users and generate significant revenue, competing with leading protocols.