According to data collated by data analyst Subin An at crypto venture capital firm Hashed, more than 1 million Meme coins have been created on the Solana and Blast blockchain-based crypto projects Pump.fun since their launch in January. Pump.fun growing popularity as the go-to place for retail investors to create and trade Meme coins has brought in over $50 million in estimated revenue in just six months. According to Alon, the design of the site is inspired by the minimalist style of 4chan, as Pump.fun initial target market is people who are already using 4chan. More recently, Pump.fun has also attracted the attention of celebrities including rapper Iggy Azalea, who launched a token called MOTHER on Pump.fun. Alon said Pump.fun also influenced by SocialFi platforms such as Friend.tech, which are seen as the cryptocurrency space's answer to X and other social media giants.