Solana's Dumpy.fun Launches Beta for Shorting Memecoins in $53 Billion Market, $DUMP Airdrop Announced

Solana's Solend has rebranded to Save and launched a new platform, Dumpy.fun, aimed at enabling users to short memecoins. The beta version of Dumpy.fun went live recently, allowing traders to profit from the decline of certain memecoins.

Early users of the platform are expected to receive an airdrop of $DUMP, a memecoin designed with the satirical purpose of 'dumping to zero.'

This initiative comes amid a growing interest in shorting strategies within the $53 billion memecoin market, reports DL News, reflecting an evolving landscape in decentralized finance (DeFi) services.

Additionally, HashKey Global has introduced perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), offering 10x leverage and 24/7 trading capabilities.

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