Pumpdotfun, Crypto’s ‘4chan,’ Attracts Iggy Azalea, Memecoins

One of the biggest winners of crypto’s memecoin craze is a project with a design similar to the anonymous social media platform 4chan.

Since its launch in January, more than one million memecoins have been created on Pump.fun, a crypto project based on the Solana and Blast blockchains, according to data compiled by Subin An, data analyst at crypto venture firm Hashed. The rising popularity of Pump.fun as the go-to place for retail investors to create and trade memecoins has brought over $50 million in estimated revenue in just about six months, based on data aggregated by An and calculated by Bloomberg.