Memecoin news: Pump.fun flips Hyperliquid in revenue, DOGE ETF expected this week – Crypto News – Crypto News
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Memecoin news: Pump.fun flips Hyperliquid in revenue, DOGE ETF expected this week Memecoin news: Pump.fun flips Hyperliquid in revenue, DOGE ETF expected this week

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Memecoin news: Pump.fun flips Hyperliquid in revenue, DOGE ETF expected this week – Crypto News

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11 months ago

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  • fun’s $3.12M daily revenue eclipses $2.78M of Hyperliquid DEX.
  • Bloomberg’s analysts thinks a DOGE ETF could go live on Thursday.
  • Markets flash optimism as traders eye another potential meme coin season.

The crypto market held strong on Tuesday as Bitcoin rallied ahead of the much-awaited interest rate decision, poised to determine the industry’s direction in the upcoming times.

Analysts forecast significant breakouts after a potential 25bp reduction.

Solana-based Launchpad, Pump.fun, has performed well in the past few sessions, now outperforming Hyperliquid in daily trading volume.

Meanwhile, the original meme crypto, Dogecoin, stole the show as the community anticipates the first-ever DOGE ETF to launch in the US on Thursday.

Pump.fun outshines Hyperliquid

The meme token generation platform has seen remarkable recoveries as strategic buybacks start to pay off.

Data compiled by CryptoRank shows Pump.fun has outperformed Hyperliquid in daily revenue.

The decentralized exchange recorded $2.78 million in 24-hour profits on September 15, lower than PUMP’s $3.12 million.

The milestone makes Pump.fun a top-earning DeFi network, only behind Tether and Circle.

Notably, fees accrued from new coin launches, trader activity, and liquidity provision contribute to Pump.fun’s growth.

Furthermore, such developments reflect increased interest in meme tokens.

These indicators signal a potential bull run as participants seek high-risk, high-reward investment opportunities.

Pump.fun’s native token exhibited a bullish stance as the protocol gained traction.

PUMP has soared more than 75% in the past seven days to $0.008160.

Dogecoin ETF launch looms

At the same time, excitement fills the meme crypto ecosystem as enthusiasts brace for the first US DOGE exchange-traded fund.

Bloomberg’s analyst Eric Balchunas expects Dogecoin and XRP ETFs to drop this week, stating:

As of now, the Doge ETF (DOJE) is slated for Thursday launch.

The debates grabbed attention, especially as the SEC maintains a cautious approach in approving altcoin ETFs.

The regulator has delayed its decision on multiple exchange-traded funds lately.

However, Balchunas sees no issue with that.

Responding to an X user who asked why the watchdog rejected Bitwise’s Dogecoin spot ETF, he said:

All the 33 Act DOGE ETFs are sitting with the SEC, likely to see approval in next two months.

If authorized, REX-Osprey DOGE ETF (DOJE) would become the first US exchange-traded fund giving cryptocurrency investors exposure to a meme token.

Such a move would elevate Dogecoin’s appeal in the financial world, which is crucial as markets move from hype-driven assets to projects with real-world utility.

DOGE trades in the green as the community awaits this week’s key moment.

It has gained more than 10% in the past week to $0.2652.

Overcoming the resistance at $0.30 could trigger substantial rallies for the altcoin.

CleanCore Solutions demonstrates its confidence in Dogecoin, making three massive purchases this week.

The latest transaction saw the company accumulating 100 million DOGE, worth around $26.6 million.

CleanCore now holds over 600 million Dogecoin tokens, targeting 1 billion by October.

The market capitalization of all meme tokens is $86.14 billion, with a trading volume of $9.34 billion (Coingecko data).

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