OMG, Are Memecoins Over? Pump.fun’s Revenue Just Took a Nosedive 🤔

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Solana’s beloved memecoin platform Pump.fun just had its worst month ever. Like, imagine if Beyoncé released an album and no one listened-THAT bad.

Solana-based memecoin platform Pump.fun is having a moment… but not the good kind. In July, it made a measly $24.96 million, which is about as exciting as finding out your ex blocked you on LinkedIn. That’s an 80% drop from its peak in January when it raked in over $130 million (DefiLlama knows what’s up). Looks like the memecoin party might be winding down faster than you can say “to the moon.” 🚀📉

Pump.fun Revenue Hits Rock Bottom 😬

Pump.fun started the year like the life of the party. Remember January? It was pulling in over $130 million like it was nothing. But then February rolled around, and things got awkward-revenue dropped to $90 million. By March, it was at $37 million, and now we’re here in July, scraping the bottom of the barrel. This isn’t just a dip; it’s a full-on nosedive. The hype train for memecoins has officially left the station without us. 🚂💨

Memecoin Market Cap Takes a $20 Billion Hit 💸

Oh, it gets worse. The whole memecoin market decided to take a collective nap. In July, memecoins hit a high of $85 billion in total market cap with $17.22 billion in daily trading volume. But by August? Poof! Down to $65 billion-a 23.5% drop. And trading volume? Forget about it. It crashed by 67%, leaving us all wondering if we should’ve just stuck to buying socks instead of tokens. 🧦 CoinMarketCap didn’t sugarcoat it either.

Solana, the OG home of wild memecoin projects, is feeling particularly abandoned. Fewer people are trading, fewer tokens are launching, and honestly, it feels like everyone ghosted Solana for some new crypto boyfriend. On August 2, only 34,040 SPL tokens were minted-the lowest count in three months. Talk about a cold shoulder. ❄️

Is Pump.fun Losing Its Mojo? Or Is It Just Growing Up? 🐢

Daily trading activity is also taking a snooze. Back on July 9, Pump.fun had 346,000 traders tossing around $348 million. Flash forward to August 5, and suddenly there are only 129,000 traders handling $150 million. That’s a 62% drop in users and a 56% decline in volume. Yikes. Did everyone decide to go back to playing Wordle or something? 🤷‍♀️

And let’s not forget LetsBonk, Pump.fun’s frenemy-turned-rival. While LetsBonk saw a slight bump in users (up 25% to 260,000), its trading volume still fell by 10%. So yeah, even the competition is struggling. Maybe everyone finally realized that naming a token after a dog isn’t actually a business plan. 🐶💸

In conclusion, memecoins might be entering their “mature phase,” aka the part where everyone realizes they need real utility beyond being funny internet money. Who knew growing up could be so boring? 😴

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2025-08-05 21:33