@shimmeringsands
Therefore, on August 5th, Pump.fun launched a revenue dashboard to track its daily revenue and PUMP purchases in real time. Coincidentally, the dashboard’s launch coincided with a rebound in platform activity and fee revenue. Pump.fun’s buybacks relied on sustained fee revenue, which in turn relied on high trading volume of the platform’s Meme coin. Consequently, speculation spread in the market that the Pump.fun team was using fake trading volume to generate false fee revenue, thereby creating a false prosperity for the platform.
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