The memecoin launchpad built on Solana just rolled out its new professional trading terminal called Pump Advanced.
The platform also teased an upcoming token launch and promised rewards for early users.
Trading experience to new levels
Pump Advanced is designed to make trading smoother and more efficient. It offers a range of tools for frequent traders, including real-time updates, advanced filtering options, detailed charts, and statistics on top holders.
Users can log in using non-custodial wallets thanks to a partnership with Privy.
For the first 30 days, Pump Advanced will be free of charge, but the platform hasn’t revealed what fees might come later. It’s pretty sure there will be fees, devs have to make a living too.
The team hinted at the new token launch by saying, “We’re going to make sure we reward our earliest users.”
This sounds like a great way to get people excited, because it means there is 99% chance for an airdrop.
Pump.fun has been doing quite well lately, with daily revenue surpassing $1 million several times this month.
By the end of August, the platform’s total fees hit $100 million, and usage has spiked thanks to the popular memecoin Moo Deng.
Records, revenue, reinvest
On October 19, there were 92,140 daily active addresses on the platform, which is 42% increase from the previous peak of 65,000 on July 31.
On October 14, Pump.fun also set a record by issuing 25,000 unique meme coins in just one day—up 22% from the earlier record of 20,400 on August 13. Frightening, but also very nice.
Pump.fun is reinvesting all its earnings back into the platform and wants to grow as big as Binance or even larger.
The exchange also expanded its services to include the Blast network, allowing users to create and trade their own cryptocurrencies by defining a name, ticker symbol, image, and description.
Brighter the sunshine, deeper the shadows
But it hasn’t all been smooth sailing for Pump.fun. A few months ago, a former employee exploited their access to withdraw funds and used flash loans on a Solana-based lending protocol to borrow SOL.
This individual then bought as many coins as possible on Pump.fun until their prices soared by 100%.
Once that happened, they accessed the liquidity locked in those bonding curves, the funds that help stabilize trading for those coins.
This exploit resulted in the theft of 12,300 SOL, worth about $1.9 million at the time.
Despite this setback, Pump.fun managed to contain the situation and prevent further damage while compensating affected users.
