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- Pump.fun has warned US users to avoid using the platform for the next 48 hours.
- Pump.fun’s warning is speculated to be due to potential regulatory actions.
Pump.fun, a Solana-based marketplace for creating and distributing custom tokens, primarily memecoins, has made headlines with a peculiar warning to U.S. users. On September 10, the platform took to Twitter to issue a public service announcement: “PSA: If you are a sensitive American, please avoid visiting Pump.fun in the next 48 hours.”
🚨 PSA: If you’re a sensitive American, please avoid visiting pump fun over the coming 48 hours. There is a storm brewing.
— pump.fun (@pumpdotfun) September 9, 2024
The platform’s alert hints at potential regulatory scrutiny that could impact how US users access the site. Although specific details about these regulatory actions are not yet available. But the access restrictions in the United States suggest that significant changes might be on the horizon.
This sudden warning comes as the platform continues to gain attention for allowing users to mint and trade their own tokens. Known for its focus on memecoins and community-driven projects, Pump.fun has attracted both enthusiasts and skeptics in the crypto space.
Latest Updates from Pump.fun
Since its launch in January, the platform has gained popularity for its memecoin launchpad. Recently, it has achieved a milestone by generating $100 million in revenue from over one million memecoins.
According to Dune Analytics, the platform has created 6,956 new tokens for the Solana blockchain in just the past 24 hours. To date, the platform has launched a total of 1,976,385 tokens.
Among the notable memecoins currently active on Pump.fun is Dogwifhat (WIF), which has seen a rise of 11% to reach $1.68. Over the past week, WIF has surged by more than 5.71%. Another popular token, BOOK OF MEME (BOME), has experienced a 5% increase, trading at $0.006389.
More recently, Solana project accelerator Orbitt has announced that its market-making service now supports Pump.Fun. This new integration, introduced on September 6, will help Pump.Fun projects attract more volume and sustain their growth. Orbitt’s market-making service, known as Orbitt MM, is designed to boost trading volume and visibility for Pump.Fun token launches.