Pump.fun, a Solana-based meme coin platform, recently hinted at launching a native token to reward its early users.
This announcement came during an X-Space session on October 19, where the team also introduced their new professional trading terminal, Pump Advanced.
Pump.fun Plans Token Launch and Advanced Interface
During the session, Pump.fun revealed plans to launch a native token. While no specific timeline was provided, the team confirmed that a portion of the token supply will be airdropped to early adopters as a reward for their support.
“We’re going to make sure we’re going to reward our earliest users,” the team stated.
This news has been met with excitement within the community. Some believe that a well-executed airdrop could greatly enhance liquidity. One crypto analyst suggested the airdrop should target top traders, developers, and other key participants, using metrics like trading volume and coin performance to determine eligibility.
“Early users will be rewarded, but we’ve been farming this project for a while now. If they include revenue sharing for the token, it could be huge,” airdrop farmer Vex stated.
Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide
In addition to the token announcement, Pump.fun introduced Pump Advanced, an upgraded trading terminal designed for professional traders. This new interface offers advanced features such as live charts, top holder statistics, real-time social activity threads, and enhanced filters, all aimed at improving the trading experience.
A key feature of the terminal is its integration with non-custodial wallets via the Privy authentication platform. For the first month, users will enjoy 0% fees on trades, with fees set to be introduced later.
The Pump.fun team emphasized that the advanced interface helps users maximize their trading potential by offering a streamlined, data-rich experience with low fees.
Meanwhile, this move comes as Pump.fun continues to thrive despite facing competition from Tron’s SunPump network. According to Dune Analytics, the platform has maintained strong trading activity, leading to high daily active addresses and an increase in coin creation.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
In the past day alone, Pump.fun recorded nearly 100,000 daily active addresses, with over 31,000 tokens launched on the platform. During the reporting period, the Solana-based platform’s revenue was approximately $2 million.
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