PUMP Jumps 8% as Pump.fun Daily Revenue Surpasses Hyperliquid

Core Insights - Pump.fun, a Solana-based meme coin launchpad, is experiencing an 8% daily gain, outperforming the broader crypto market which is trading sideways [1] - The platform generated $3.38 million in protocol revenue in the last 24 hours, marking its highest single-day revenue since February 13 [1] - Pump.fun's revenue surpasses that of Hyperliquid, which recorded $3.06 million in revenue, indicating a growing demand for Pump.fun [2] Revenue and Market Performance - Pump.fun collects revenue through fees on new meme coin creations, initial liquidity setups, and trading volume [2] - After a significant revenue drop to $206,000 on August 1, the platform has seen a steady rebound, with nearly $98 million spent on buybacks since July, removing about 6.7% of the circulating supply [3] - Pump.fun ranks third on DeFiLlama's daily revenue board, behind Tether and Circle [3] Token and Price Analysis - The current trading price of PUMP is around $0.0081, with a market cap of $2.87 billion, reflecting a 69% weekly gain and a $1.2 billion increase in market cap [3] - A potential Binance listing for PUMP is anticipated, which could further influence its price [4] - Analysts suggest that if PUMP breaks out of its current consolidation range, it could reach the $0.0092 mark [5] Related Developments - Maxi Doge (MAXI) is gaining attention in the meme coin space, having raised $2.22 million in its presale, fueled by the momentum from PUMP [6]