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Over 850,000 New Tokens Launched on Solana in October, Led by Pump.fun

Data shows that most new Solana-based tokens in October originated from Pump.fun, with the majority classified as memecoins.

SOL

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Terms & Concepts
  • Solana: A high-performance blockchain platform known for fast transactions and low fees.
  • Memecoin: A cryptocurrency created mainly for humorous or speculative purposes, often lacking fundamental utility.
  • Pump.fun: A platform on the Solana blockchain that allows users to quickly create and launch tokens.