Money from memes
Since the launch, the total revenue of the platform for creating meme tokens has been Pump.Solana-based fun has exceeded $50 million. This is evidenced by the data from DeFi Llama.
Total income of Pump.fun. Data: DeFi Llama.Over the past day, the protocol has brought in about $598,000 from commissions.
According to the Dune dashboard, approximately 1.18 million meme coins have been released through the platform over the entire period of its existence.
Launches of new meme tokens on Pump.fun. Data: Dune.However, at the end of June, the income of the "meme token factory" fell by 30%. The drop in indicators could be caused by the general decline of the crypto market.
Previously, the DEX Screener cryptocurrency data service launched on Solana competing with Pump.A fun playground called Moonshot. Since its debut, the platform has already earned about $493,000 in commissions.
Binance has updated the tags
Since July 1, Binance, the largest crypto exchange by trading volume, has added several digital assets to the monitoring list. The list includes:
Balancer (BAL);Cortex (CTXC);PowerPool (CVP);Convex Finance (CVX);Dock (DOCK);Kava Lend (HARD);IRISnet (IRIS);MovieBloc (MBL);Polkastarter (POLS);Status (SNT);Sun (SUN).Tokens with such a tag "demonstrate higher volatility and risks compared to other coins," representatives of the exchange said. These crypto assets are carefully monitored and undergo regular checks:
"Keep in mind that tokens with a monitoring tag run the risk of no longer meeting our listing criteria and may be excluded from the platform."
Binance has also removed the corresponding tag from two coins — Enzyme (MLN) and Horizon (ZEN).
Earlier, the exchange delisted Waves (WAVES), OmiseGO (OMG), NEM (XEM) and Wrapped NXM (WNXM) due to non-compliance with "a high level of standards and industry requirements."
Sales of Confiscated Crypto Assets
On July 1, the German government moved 1,500 BTC worth approximately $95 million to several cryptocurrency exchanges.
According to the Arkham analytical panel, wallets associated with the German Federal Criminal Police Office (BKA) sent two transfers of 400 BTC and 1,500 BTC to Bitstamp, Coinbase and Kraken. At the time of writing, 44,690 BTC (~$2.8 billion) is stored on the address owned by BKA.
On June 26, German-linked bitcoin wallets transferred 595.3 BTC worth ~$36.65 million to crypto trading platforms. On June 25, the same address sent 200 BTC each to Coinbase and Kraken. Prior to this, the government had moved 6,500 BTC (~$425 million).
Probably, we are talking about coins confiscated by law enforcement officers in January from the administrators of the pirate movie site Movie2k.
On the same day, the US government transferred 3,375 ETH worth $11.75 million to an unknown address. The United States remains the largest holder of cryptocurrencies among other countries — $13.8 billion worth of assets are stored in government-controlled wallets.
Last month, the United States transferred 3,940 BTC (~$240 million) to the Coinbase Prime exchange. These funds were confiscated from drug dealer Banmit Singh in May.
Recall that the CEO of Bitcoin Magazine, David Bailey, accused the American authorities of "embezzling" bitcoins from the country's reserve, which was supposed to exceed 400,000 BTC.