Is anyone having fun on Pump.fun?

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Most traders are unlikely to strike it rich off of memecoins, but it won’t be for a lack of trying.

In the past 24 hours, the memecoin trading platform Pump.fun has brought in around $500,000 in revenue, per DeFiLlama. For context, that’s nearly double Ethereum’s dominant decentralized exchange, Uniswap, and the second highest for protocols writ large — trailing only Ethereum.

Pump.fun lets so-called developers launch tokens without seed liquidity for…

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