Solana-Based Pump.Fun Rakes in Highest Daily Fees, But Users are Unhappy
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Pump lets anyone issue a token for around $2 worth of Solana’s SOL in capital, after which they choose the number of tokens, theme, and a meme picture to go along. When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned.
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