PUMP Token Surges 30% as Ark Invest Praises 'New Creator Economy'

On September 30, Ark Invest, a U.S. investment management firm, featured the Solana-based meme coin issuance platform Pump.fun in its weekly newsletter, praising its recently reintroduced streaming feature for its potential to build a 'new creator economy'. Following this endorsement, the token's price soared by 30%.

Pump.fun initially introduced live streaming in January this year, but had to temporarily suspend the service due to the spread of a bad reputation caused by dangerous stunts, including self-harm, and inappropriate content...