Pump.fun hits $5.3M in daily revenue but faces user backlash

Solana-based token issuance platform Pump.fun achieved a record $5.3 million in daily fees, surpassing major platforms like Ethereum’s Lido, CoinDesk reported. The surge followed the removal of a $2 issuance fee, leading to a spike in token creation. However, users criticized the platform, arguing that most tokens quickly lose value, benefiting only the Pump.fun team. Despite its high revenue, concerns about the rapid devaluation of tokens and the platform's focus on profit have overshadowed its success