NARRATIVE OF THE WEEK 📰

Pump.fun Reignites Memecoin Mania

All eyes are back on memecoin launchpad, pump.fun, and its token, PUMP, after it appears to bottom out as sentiments reach an all-time low.

• Memecoin launchpad, pump.fun, releases their revenue dashboard allowing users to track revenues on pump.fun as well as buybacks of the PUMP token.
• Pump.fun introduces the Glass Full Foundation (GFF), designed to support leading memecoins within the Pump.fun ecosystem.
• Skeptics highlight how fast leaders in the memecoin space rotate, implying that there is no moat in the memecoin sector.

The ongoing battle between Bonk and Pump.fun continues to highlight how quickly the crypto space moves, with incumbents easily overthrown and replaced.