泵趣味，成人和發射台：加密賭場的狂野騎行

Pump Fun的Rise聚焦在發射台上推動了Memecoin熱潮。但這是可持續模型還是鍋中的另一個閃光燈？讓我們潛水。

The world of memecoins is never boring, and lately, Pump Fun and its launchpad model have been at the center of attention. With memecoins surging to a $79 billion valuation and launchpads like Pump Fun leading the charge, it's time to explore what's driving this phenomenon.

Memecoins的世界從來都不是無聊的，最近，Pump Fun及其發射板模型一直是關注的中心。隨著Memecoins飆升至790億美元的估值，並像Pump Fun一樣引發負責人，現在該探索驅動這一現象的原因了。

Pump Fun: The Meme Casino

泵樂趣：模因賭場

Pump Fun has built a name for itself by abstracting away the complexities of bonding curves, listings, and liquidity for new memecoins. A key move was launching its own AMM, PumpSwap, which internalized trading fees and token creation. This vertical integration has been highly profitable, with estimates of $30 to $40 million in monthly protocol fees and over $650 million in lifetime revenues.

Pump Fun通過將粘結曲線，列表和新因素的流動性的複雜性抽象化來為自己建立了一個名稱。一個關鍵的舉動是推出自己的AMM Pumpswap，該AMM將交易費用和代幣創造內化。這種垂直整合的盈利很高，估計為30到4000萬美元的每月協議費，終身收入超過6.5億美元。

The recent PUMP token sale was a spectacle, raising $600 million in just 12 minutes. However, this rapid influx of liquidity also sparked debates about whether it represented a peak in speculative cycles or the start of a new phase.

最近的泵令牌出售是一個奇觀，僅在12分鐘內籌集了6億美元。然而，這種快速流動性的流動性也引發了關於它是代表投機週期的峰還是新階段開始的爭論。

The Rise of Competing Launchpads

競爭發射台的興起

While Pump Fun has dominated the Solana memecoin scene, competitors are emerging. BonkFun, with its Solana-native incentive model, is routing a significant portion of its protocol fees to BONK token burns and SOL staking. This approach seems to resonate well with Solana's retail-driven user base. Although BonkFun's volumes are lower than Pump Fun's, it now accounts for over 50% of new token launches on some dashboards.

儘管Pump Fun主導了Solana Memecoin現場，但競爭對手仍在出現。 Bonkfun憑藉其本地激勵模型將其協議費用的很大一部分路由到Bonk代幣燒傷和SOL Staking。這種方法似乎與Solana的零售驅動用戶群產生了很好的共鳴。儘管Bonkfun的量低於泵趣味，但現在佔某些儀表板上新令牌的50％以上。

LaunchCoin, despite early hype and celebrity backers, has lost momentum and now lags behind both Pump Fun and BonkFun in trading activity and fee metrics.

儘管早期大肆宣傳和名人支持者，但發射幣還是失去了動力，現在落後於Pump Fun和Bonkfun在交易活動和費用指標中。

PUMP Token: A Closer Look

泵令牌：仔細看

The PUMP token has shown resilience despite recent volatility, surging nearly 15% in a single day. This reflects strong post-ICO momentum, strategic acquisitions like Kolscan, and listings on major exchanges like Coinbase, Bybit, and Gate.io.

儘管最近波動性，但泵令牌表現出彈性，一天內飆升了近15％。這反映了ICO的強勁動力，像Kolscan這樣的戰略收購以及Coinbase，Bybit和Gate.io等主要交易所上的列表。

Technically, PUMP is consolidating after a pullback, with key resistance around $0.0062 and support around $0.0051. A break above $0.0065 could lead to further gains, while failure to maintain support might see a drop to $0.0048.

從技術上講，泵在回調後鞏固，鑰匙阻力約為0.0062美元，支持約0.0051美元。超過$ 0.0065的休息可能會導致進一步的收益，而未能維持支持可能會下降到0.0048美元。

The Memecoin Market: Boom or Bust?

Memecoin市場：繁榮還是胸圍？

The memecoin market's surge to a $79 billion valuation highlights both the opportunities and risks. While some critics worry that memecoins detract from the credibility of the crypto industry, others see them as an integral part of crypto culture, offering accessibility and community engagement.

Memecoin市場漲至790億美元的估值均凸顯了機會和風險。雖然一些批評家擔心，紀念因素會損害加密行業的信譽，但其他人則將其視為加密文化不可或缺的一部分，提供可及性和社區參與。

Final Thoughts

最後的想法

So, is Pump Fun the future of memecoin launchpads, or just a flash in the pan? Only time will tell. But one thing's for sure: the memecoin market is a wild ride, full of surprises and potential pitfalls. Buckle up, because this is crypto, baby!

那麼，泵是Memecoin Launchpads的未來還是鍋中的閃光燈？只有時間會證明。但是可以肯定的是：Memecoin市場是一個瘋狂的旅程，充滿了驚喜和潛在的陷阱。係好，因為這是加密貨幣，寶貝！