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12/15 15:40
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Pump.fun's Market Recovery: After a challenging month, Pump.fun has regained its leadership in the memecoin sector, capturing 73% market share and generating $13.48 million in just one week.
Dominance Over Competitors: The platform achieved a weekly volume of $4.68 billion, significantly outperforming competitor LetsBonk, which only managed $974 million in volume.
Legal Challenges Ahead: Despite impressive growth, Pump.fun faces a $5.5 billion class action lawsuit accusing it of unfair marketing practices, likening its operations to a "rigged slot machine."
Future Prospects: While facing regulatory uncertainties, Pump.fun's potential for expansion remains strong, with lifetime revenue exceeding $800 million and interest from notable figures in the crypto space.
