Did $1.3B Pump Fun token raise fuel new memecoin season by legitimizing launchpad memes?
Despite Pump.fun being the closest thing Solana has to an “app-chain success story,” some investors cast doubt over its native token PUMP.

Solana ecosystem updates, DeFi and NFT growth, and the latest on performance and network development.
Solana's RWA ecosystem grows over 600% in user adoption, solidifying its position as a high-performance blockchain challenger.
The token slid 7.3% in the same period, briefly touching the $5 billion in fully diluted valuation.
Memecoin launchpad Pump.fun sold 150 billion PUMP tokens to retail investors through its ICO, taking its total token sale to $1.32 billion.
Robinhood simplifies blockchain participation with ETH and SOL staking, catering to retail investors' convenience.
The Bitcoin mining company wants to position itself as a key public exposure vehicle for the Solana blockchain.
Despite the increase, the net inflow amount represents 0.05% of Solana's total market cap, well below the proportions registered by Bitcoin and Ethereum ETFs.