Pump.fun, a prominent Solana memecoin launchpad, has reached $800 million in lifetime revenue, controlling over 91% of memecoin launches on Solana through robust trading volumes and user engagement.
Pump.fun's revenue milestone underscores Solana's memecoin market's rapid growth and volatility, attracting regulatory scrutiny and legal challenges amid growing speculative interest.
Pump.fun, the leading Solana memecoin launchpad, records over $800M in revenue, resuming market dominance over LetsBonk. The platform experienced rapid user growth, with over 162,000 new token mints and 1.3 million active traders in a single week, showcasing remarkable user growth. Source
Key contributors include a 1% swap fee on transactions and a $33M buyback of PUMP tokens. "Pump.fun launched a buyback program, purchasing over $33 million worth of PUMP tokens. This purchase limited the supply while boosting the price." Source
Solana’s memecoin market cap rebounded after a $16B dip in late July, reflecting trader sensitivity to revenue fluctuations. Over $13M in fees were generated in mid-August, indicating Pump.fun's recently robust activity.
The Solana ecosystem remains the main focus, while Ethereum and Bitcoin markets show no significant effects. Discussions around regulatory scrutiny continue amid ongoing lawsuits and market volatility shadows.
Rising regulatory focus involves SEC lawsuits and EU MiCA rules, impacting community sentiment. Meanwhile, Pump.fun navigates an active $5.5B investor lawsuit alleging manipulative practices.
By AI Crypto Core
about 4 hours ago
