Pump lets anyone issue a token for $2 in capital, after which they choose the number of tokens, theme, and meme picture to accompany it. When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned. Last week, the platform also extended support to the Blast and Base networks.
Source: https://www.coindesk.com/markets/2024/04/09/solana-meme-coin-generator-pump-on-track-for-66m-yearly-revenue/?utm_medium=referral&utm_source=rss&utm_campaign=headlines