Solana Memecoin Platform Pump.fun Sees Possible Revenue and Trading Declines Amid Sector Cooling
Main Idea
Pump.fun's revenue dropped 80% in July 2025 due to a broader cooling in the Solana memecoin market, with declining trading volumes and reduced token launches.
Key Points
1. Pump.fun’s July 2025 revenue fell to $24.96 million, an 80% decline from its January peak.
2. Memecoin trading volume dropped 67% from its July peak of $17.22 billion to $5.59 billion by early August.
3. Solana’s memecoin token minting activity slowed to a three-month low, with only 34,040 tokens created on August 2.
4. Pump.fun’s daily traders decreased by 62% from July to August, while LetsBonk saw a 25% increase in traders but a 10% drop in volume.
5. The memecoin market slowdown may lead to more sustainable growth and consolidation in the sector.
Description
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