Pump.fun ban triggers decline in Solana meme coins; investors eye Lunex Network for DeFi
Lunex Network (LNEX): DeFi, simplified
Decentralised Finance (DeFi) is the most significant innovation on the blockchain since the advent of the blockchain itself. What Bitcoin is to gold, DeFi is to banks and finance houses: a way to access finance in the open market on a peer-to-peer basis without the gatekeepers of banks.
However, in order to access DeFi, one needs a Master’s in Finance and a PhD in Computing. The new crypto exchange Lunex Network changes all that. Lunex Network is a new hybrid CEX/DEX exchange, and on the face of it, it solves many trading problems. Over 50,000 liquidity pairs, AI trading bots, and non-custodial wallets are just some of the features Lunex Network offers. However, it’s in DeFi where Lunex Network shines.
Lunex Network offers traders all users unprecedented access to DeFi in a platform that is easy enough to use for first-time traders yet is robust enough for professionals.Lunex is an absolute game changer and a massive investment opportunity.
Bonk (BONK): Solana meme coin loses momentum
Bonk is the fifth-largest meme coin by market cap, trailing Dogecoin, Shiba Inu, Pepe, and WIF. Bonk, however, lost 22% of its market cap in just 48 hours. While it’s easy to couple this downturn to the Pump.fun ban, the truth is the entire market is down. The total crypto market capitalisation has declined by 6.1%. While it is impossible to directly attribute this to the Pump.fun ban, it would be unwise to dismiss the possibility of a connection.
Bonk, one of Solana’s flagship meme coins, has
