Solana memecoin platform Pump.fun witnessed a sharp 80% drop in monthly revenue during July 2025, signalling a significant cooling trend in the broader Solana memecoin market driven by reduced trading volumes and declining token creation.
The platform’s revenue fell to $24.96 million for July, starkly contrasting its January peak position. This downturn coincided with a substantial reduction in memecoin trading activity across Solana.
Key indicators highlight the market’s cooling: trading volume plummeted 67% from its July high of $17.22 billion down to $5.59 billion by early August. Concurrently, Solana memecoin token launches reached a three-month low, with merely 34,040 tokens minted on August 2.
Platform-specific data reveals diverging trends; Pump.fun saw its daily trader count decrease by 62% between July and August. Conversely, competitor LetsBonk experienced a 25% increase in traders, though accompanied by a 10% dip in trading volume.
Market analysts suggest this slowdown points towards potential consolidation within the volatile memecoin sector, possibly paving the way for more sustainable future growth patterns following the frenzied activity earlier in the year.