Pump.fun Seizes 80% Solana Launchpad Share, Surpasses Ethereum in Daily Revenue

Key Points

1. Pump.fun's volume share surged to roughly 80% in the last 24 hours, while LetsBonkFun dropped to about 4%, reversing their positions from two weeks ago.

2. Pump.fun's 24-hour revenue exceeded Ethereum's and topped all other memecoin launchpads combined.

3. A massive buyback on August 12 totaled $11.645 million, part of a broader $43.376 million spent on repurchasing 7.425 billion PUMP tokens at an average price of $0.0058.

4. Since its launch 84 weeks ago, approximately 160,000 memecoins have graduated from major Solana launchpads, with 1,735 graduating last week alone.

5. Memecoins differ from Bitcoin in their non-fungible, culture-driven issuance, leading to high variability and attention-driven market dynamics.