泵趣味，成人和发射台：加密赌场的狂野骑行

Pump Fun的Rise聚焦在发射台上推动了Memecoin热潮。但这是可持续模型还是锅中的另一个闪光灯？让我们潜水。

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的世界从来都不是无聊的，最近，Pump Fun及其发射板模型一直是关注的中心。随着Memecoins飙升至790亿美元的估值，并像Pump Fun一样引发负责人，现在该探索驱动这一现象的原因了。

Pump Fun: The Meme Casino

泵乐趣：模因赌场

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通过将粘结曲线，列表和新因素的流动性的复杂性抽象化来为自己建立了一个名称。一个关键的举动是推出自己的AMM Pumpswap，该AMM将交易费用和代币创造内化。这种垂直整合的盈利很高，估计为30到4000万美元的每月协议费，终身收入超过6.5亿美元。

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个奇观，仅在12分钟内筹集了6亿美元。然而，这种快速流动性的流动性也引发了关于它是代表投机周期的峰还是新阶段开始的争论。

The Rise of Competing Launchpads

竞争发射台的兴起

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.

尽管Pump Fun主导了Solana Memecoin现场，但竞争对手仍在出现。 Bonkfun凭借其本地激励模型将其协议费用的很大一部分路由到Bonk代币烧伤和SOL Staking。这种方法似乎与Solana的零售驱动用户群产生了很好的共鸣。尽管Bonkfun的量低于泵趣味，但现在占某些仪表板上新令牌的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.

尽管早期大肆宣传和名人支持者，但发射币还是失去了动力，现在落后于Pump Fun和Bonkfun在交易活动和费用指标中。

PUMP Token: A Closer Look

泵令牌：仔细看

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.

尽管最近波动性，但泵令牌表现出弹性，一天内飙升了近15％。这反映了ICO的强劲动力，像Kolscan这样的战略收购以及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.

从技术上讲，泵在回调后巩固，钥匙阻力约为0.0062美元，支持约0.0051美元。超过$ 0.0065的休息可能会导致进一步的收益，而未能维持支持可能会下降到0.0048美元。

The Memecoin Market: Boom or Bust?

Memecoin市场：繁荣还是胸围？

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市场涨至790亿美元的估值均凸显了机会和风险。虽然一些批评家担心，纪念因素会损害加密行业的信誉，但其他人则将其视为加密文化不可或缺的一部分，提供可及性和社区参与。

Final Thoughts

最后的想法

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!

那么，泵是Memecoin Launchpads的未来还是锅中的闪光灯？只有时间会证明。但是可以肯定的是：Memecoin市场是一个疯狂的旅程，充满了惊喜和潜在的陷阱。系好，因为这是加密货币，宝贝！