Memecoins
Solana’s Dumpy.fun Launches Beta for Shorting Memecoins in $53 Billion Market, $DUMP Airdrop Announced
Solana subsidiary Solend has rebranded to Save and launched a new platform, Dumpy.fun, to allow users to short memecoins. The beta version of Dumpy.fun recently went live, allowing traders to profit from the decline of certain memecoins.
Early adopters of the platform are expected to receive an airdrop of $DUMP, a memecoin designed with the satirical aim of “dumping to zero.”
The move comes amid growing interest in short-selling strategies in the $53 billion memecoin market, reflecting the evolving landscape of decentralized financial services (DeFi).
Additionally, HashKey Global introduced perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), offering 10x leverage and 24/7 trading capabilities.
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