Pump.fun, a Solana-based platform for creating meme tokens, has announced plans to launch its own native token. The project’s team shared this information during a broadcast on X Spaces, as reported by The Block.

“We intend to reward our early users. All earned funds are reinvested into the platform’s development. Our goal is to create something as large as Binance, or even bigger,” noted representatives of Pump.fun during the X Spaces broadcast.

The team has not yet specified the timeline for the token’s launch.

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Additionally, they announced a new trading terminal, Pump Advanced, featuring enhanced functionalities for experienced traders and offering a 0% commission rate for the first month of use.

In September, amid declining platform activity, the total amount of fees on the Solana network reached a six-month low.

Earlier, analysts recorded the issuance of over 2 million meme tokens on Pump.fun; however, only 89 of them (0.0045%) achieved a market capitalization exceeding $1 million.