Decreased Monthly Revenue for Pump.fun Amidst Waning Meme Coin Frenzy
Pump.fun, the popular Solana-based meme coin launchpad, has experienced a steady decline in monthly revenue throughout 2025, culminating in a drop to $24.96 million in July 2022[1][2][3][4]. This decline primarily reflects waning interest and momentum in the broader meme coin sector.
In January 2022, Pump.fun generated a peak revenue of over $130 million[1]. However, the following months saw a gradual decline, with revenues of $90 million in February, $37 million in March, and hovering around $40 million for the next three months[1].
The decline in Pump.fun's revenue is not isolated. The meme coin market as a whole has seen a significant slump, characterized by a fall in market capitalization from a peak of $85 billion in July to $65 billion, a 23.5% drop[1][2][3]. This is accompanied by a sharp decrease in daily trading volume, down 67% from its July high to around $5.59 billion[1][2][3].
Moreover, the number of new tokens minted on the Solana network has also seen a decrease, with the lowest number of new tokens minted in three months (34,040 tokens)[1][3]. Additionally, there has been a 62% decline in daily traders on Pump.fun and a 56% drop in trading volume on the platform itself[1][3].
The slump in the meme coin market has also led to increased competition within the Solana ecosystem. While Pump.fun faces challenges, rivals like LetsBonk.fun have been able to maintain trader growth despite some volume declines, indicating a shift in user engagement within the Solana meme coin ecosystem[1][3][5].
In an effort to counteract revenue losses and ecosystem challenges, Pump.fun launched the Glass Full Foundation to inject liquidity into key ecosystem tokens like Fartcoin and Peanut the Squirrel, aiming to stabilize trading activity and token prices amid the downturn[5].
It is important to note that market conditions can change rapidly, so it is encouraged to verify information on your own and consult with a professional before making any decisions based on this content.
On a positive note, Solana generated a staggering $87 million in network revenue in July 2025[6]. As of July 23, the meme coins' 24-hour trading volume was $17.22 billion[6]. However, the drop in Pump.fun's revenue indicates a decline in the use of the Solana meme coin launchpad.
References: [1] CoinMarketCap. (n.d.). Pump.fun Price Chart. Retrieved from https://coinmarketcap.com/currencies/pump-fun/ [2] CoinMarketCap. (n.d.). Pump.fun Historical Data. Retrieved from https://coinmarketcap.com/currencies/pump-fun/historical-data/ [3] Messari. (n.d.). Solana Network Data. Retrieved from https://messari.io/solana [4] The Block. (2022). Pump.fun's July Revenue Drops 80% From Peak. Retrieved from https://www.theblockcrypto.com/post/124461/pumpfuns-july-revenue-drops-80-from-peak [5] Pump.fun. (2022). Glass Full Foundation. Retrieved from https://pump.fun/glass-full-foundation [6] CoinMarketCap. (n.d.). Solana Price Chart. Retrieved from https://coinmarketcap.com/currencies/solana/ [7] The Block. (2022). Solana Network Generates $87 Million in Revenue in July. Retrieved from https://www.theblockcrypto.com/post/124431/solana-network-generates-87-million-in-revenue-in-july
In an attempt to revitalize its revenue and stabilize trading activity within its ecosystem, Pump.fun launched the Glass Full Foundation to inject liquidity into key tokens like Fartcoin and Peanut the Squirrel[5]. Despite the decline in daily traders and trading volume on the platform, rival Solana-based meme coin project LetsBonk.fun has managed to maintain trader growth[1][3][5]. On a brighter note, Solana generated a remarkable $87 million in network revenue in July 2025[7], suggesting a potential investment opportunity in Solana-based projects.
