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Hey, Solana meme coins are trending again, it's too bad for those who missed the hype!
So here's the thing, Pump.fun has created a new fee model that allows creators to earn big profits. Previously, the fee was up to 0.95%, but now it has dropped to just 0.05% if the project successfully reaches a market cap of 98,240 SOL.
In the first 24 hours, the creators have pocketed $2.4 million! This is seriously crazy. Pump.fun even became the highest revenue app, surpassing Hyperliquid, which is a major DEX. Its revenue reached $2.55 million in a single day!
The most shocking thing is the meme coin TROLL that managed to obtain exclusive IP rights for the Trollface meme from Carlos Ramirez. He will receive a royalty of 11%. Immediately, the price of TROLL skyrocketed!
The number of SPL tokens created on Solana also increased to 48,081 on Wednesday, the highest since mid-August. This is a clear indication that activity on the network is really bustling.
Total Value Locked in Solana has reached $11.579 billion, almost matching the record of $11.989 billion set last January. Liquidity in Solana is also increasing with stablecoin capitalization reaching $12.267 billion. USDC from Circle dominates 69.40% after minting an additional 250 million USDC yesterday.
In my opinion, this is a golden opportunity for people who want to make quick profits from meme coins. But, you know, those who join late will surely cry tears of blood later. Using other platforms with high fees that just annoy you, it’s better to just use this one instead.
But don't forget, the hype of this meme coin is like playing Russian Roulette. You can make a lot of profit, but you can also get totally wrecked. So don't use your food money!