Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Pump launched the "Mayhem Mode" which significantly increased token issuance and revenue in its first week.

PANews November 19 news, according to The Block report, the “Mayhem mode” launched by Pump.fun last week did not significantly drive platform growth. Data shows that the average daily issuance of new coins on the platform was 17,300 before the mode was launched, and increased to 17,800 a week after launch, with a growth rate of less than 3%. Although the Mayhem mode introduced AI trading agents to enhance initial trading activity of the tokens, it did not drive revenue growth; instead, platform revenue declined, weakening the repurchase support for the PUMP tokens. Currently, the market capitalization of PUMP is about 1.1 billion USD, down about 30% from its historical high.

PUMP-2.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Related Topics
#
CryptoMarketWatch
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)