Pump.fun has created more than 1 million Meme coins since its launch

According to data compiled by Subin An, an analyst at the crypto risk investment firm Hashed, more than one million Meme coins have been created on the Pump.fun crypto project based on the Solana and Blast blockchains since its launch in January. Pump.fun is becoming increasingly popular as the preferred place for retail investors to create and trade Meme coins, and has generated an estimated income of over $50 million in just six months.According to Alon, the website's design was inspired by the minimalist style of 4chan, as Pump.fun's initial target market was people who were already using 4chan. Recently, Pump.fun has also attracted the attention of celebrities, including rapper Iggy Azalea, who launched a token called MOTHER on Pump.fun. Alon said Pump.fun was also influenced by SocialFi platforms like Friend.tech, which are seen as a response to X and other social media giants in the cryptocurrency space.