Pump.fun’s Revenue Takes a Nosedive 🚀💸😂

by

Well, butter my biscuit and call me disappointed! 🥴 Solana’s memecoin launchpad, Pump.fun, just hit its 2025 revenue rock bottom in July. Looks like the meme train is running out of steam—or should I say, out of LOLs? 🤡 According to the number crunchers at DefiLlama (yes, that’s a real thing), Pump.fun raked in a measly $24.96 million last month. That’s an 80% plunge from its January high of $130 million. Ouch. 💔

And it’s not like this was a one-time faceplant. The platform’s revenue has been on a downward spiral all year, dropping to $90 million in February, then $37 million in March, and finally faceplanting in July. 📉 Someone get this protocol a parachute! 🪂

This nosedive mirrors the broader memecoin sector, which apparently had a hot minute in July before realizing, “Oh wait, we’re still just memes.” 😹 Trading volume and market cap surged, but then—plot twist!—they cooled faster than a forgotten cup of coffee. ☕

Memecoin Trading Volume: From Hero to Zero 🦸→🤡

Last month, memecoins were like, “We’re flipping bullish, baby!” 🐂 CoinMarketCap data showed a peak of $85 billion in market cap and $17.22 billion in 24-hour trading volume on July 23. But then reality hit, and by Monday, the sector’s valuation had shrunk to $65 billion—a 23.5% drop. 😬 Trading volume? Down 67% to $5.59 billion. Someone cue the tiny violin. 🎻

Even Solana, the supposed memecoin mecca, is feeling the burn. Solscan data shows that on Saturday, only 34,040 SPL tokens were minted—the lowest in three months. Yikes. 🤕

Solana Launchpads: Where Are the Traders? 🏃‍♂️💨

Remember when Pump.fun and LetsBonk were the cool kids on the block? On July 9, Pump.fun boasted 346,000 traders and $348 million in volume. LetsBonk? 208,000 traders and $503 million. Fast forward to Monday, and Pump.fun had just 129,000 traders and $150 million in volume—a 62% drop in traders and a 56% nosedive in volume. 😵‍💫

LetsBonk, meanwhile, saw a 25% uptick in traders (260,000), but its volume still dropped nearly 10% to $453 million. So, uh, congrats on the participation trophy? 🏆

Moral of the story? Memecoins are like that one friend who’s fun at parties but can’t hold down a job. 🎉💼 Let’s see if they bounce back or just become a meme about memes. 🤔

Read More

2025-08-04 14:52