Pump Fun, the Solana-based meme coin launchpad, recently debuted its own token, $PUMP, which reached a staggering $5.6B market cap on the very first day of trading.
While many initially called this valuation excessive, the explosive listing has largely silenced those concerns.
This historic launch not only validates the potential of meme coin infrastructure projects, but also signals the beginning of another major rally in the meme coin space, especially on Solana.
The pre-market valuation was even higher, peaking at $7.2B, according to recent coverage by DeFi information platform The Defiant.
The token’s perpetual futures ranked third in volume on Hyperliquid, trailing only $BTC and $ETH, and that, too, with just 3x leverage.
$PUMP currently dominates Solana’s meme coin mindshare, commanding 28.47% of the ecosystem. It’s closely followed by $PENGU, which holds a 23.08% share.
It’s also worth noting that:
A token launchpad achieving this level of traction only strengthens the belief that the next meme coin bull run is just around the corner.
For example, Snorter Bot comes with automated sniping, allowing users to place buy/sell limit and stop orders, which the bot then executes at lightning speed, automatically.
At launch, Snorter Bot will only be compatible with Solana, though it’ll soon expand support to Ethereum, Polygon, BNB, and Base.
The current crypto landscape is unfortunately rife with scams and theft. But Snorter features airtight security, covering virtually every nook and corner.
Additionally, the bot is also capable of protecting you against sophisticated MEV (or sandwich) attacks, which are often used by other bockchain bots to manipulate transaction order and extract profits at the trader’s expense.
Despite being laced with high-end features, Snorter remains one of the easiest-to-use trading bots out there.
As mentioned above, it’s built natively on Telegram, meaning you can simply interact with it (place buy/sell orders, copy trades from crypto pros, and even manage your portfolio) through the app’s chat interface. No need for complicated dashboards or clunky browser extensions.
Snorter is uniquely positioned to benefit from the growing crypto footprint, particularly in the meme coin segment, where demand for reliable trading tools is only set to increase.
The token is currently in presale, with over $1.8M raised in early investor funding so far. And right now, one $SNORT is available for a low price of $0.0983.
Disclaimer: Crypto investments are highly risky due to the market’s volatility. None of the above is financial advice, and you must always do your own research before investing.
