Pump.fun’s Monthly Revenue Down 80% From Peak

Key Takeaways

• Pump.fun’s monthly revenue dropped to $24.96 million in July 2025, its lowest point this year.

• The figure marks an 80% decline from January’s all-time high.

• Memecoin market capitalization and trading volumes have both fallen significantly since late July.

• Solana’s token minting has also decreased, signaling reduced activity from developers.

• Competing platforms like LetsBonk are facing similar volume declines, despite higher trader counts.

A Steep Decline In Pump.fun’s Monthly Revenue

Once hailed as one of the most active memecoin platforms in the Solana ecosystem, Pump.fun’s fortunes appear to be reversing sharply.

Pump.fun’s Monthly Revenue

Source: DefiLlama

Revenue Trends In 2025

• January 2025: Over $130 million

• February 2025: Down to $90 million

• March 2025: Plummeted to $37 million

• April–June 2025: Hovered around $40 million

• July 2025: Lowest point of the year at $24.96 million

This consistent decline suggests not only a drop in trader interest but also a broader cooling in the memecoin frenzy that dominated much of the crypto narrative in late 2024 and early 2025.

Memecoin Market Slips From July Peak

Memecoins enjoyed a brief resurgence in July, with analysts calling the market “bullish.” On July 23rd, CoinMarketCap data showed:

• Total market cap: $85 billion

• 24-hour trading volume: $17.22 billion

However, this rally was short-lived. As of early August:

• Market cap: Down to $65 billion (a 23.5% decrease)

• Trading volume: $5.59 billion (a 67% drop from peak)

Such a dramatic contraction in trading activity aligns with the significant dip in Pump.fun’s monthly revenue, further confirming that interest in meme-based tokens is rapidly fading.

Decline In Token Creation On Solana

Solana, known for its speed and low transaction fees, has been a hotspot for memecoin creation. However, August has seen a sharp decline in new token launches.

Solana Token Minting Stats

• On Saturday, August 3rd, only 34,040 Solana Program Library (SPL) tokens were minted, the lowest daily figure in three months, according to Solscan.

New Solana Program Library Tokens Minted Within The Previous Three Months

Source: Solscan

This suggests that not only are existing tokens losing traction, but new ones are struggling to attract developers and investors alike.

Pump.fun Vs. LetsBonk: Comparing Platform Activity

Both Pump.fun and competitor LetsBonk have experienced fluctuations in trading activity. Here’s a snapshot comparing July 9 highs to early August data:

Pump.fun

• July 9th, 2025:

  • 346,000 daily traders

  • $348 million daily volume

• August 4th, 2025:

  • 129,000 traders (⮯ 62%)

  • $150 million volume (⮯ 56%)

LetsBonk

• July 9th, 2025:

  • 208,000 traders

  • $503 million daily volume

• August 4th, 2025:

  • 260,000 traders (⬈ 25%)

  • $453 million volume (⮯ 10%)

While LetsBonk has shown some resilience in terms of trader numbers, its volume decline indicates that the capital flowing into memecoins is still on a downtrend.

 FAQ

Why has Pump.fun’s monthly revenue dropped?

Pump.fun’s revenue decline is tied to:

• Reduced memecoin trading activity

• Fewer new tokens being launched

• A cooling overall interest in meme assets

Is the memecoin trend over?

While the memecoin sector may not be “over,” the current data suggests a temporary exhaustion in hype. As with most crypto cycles, there could be future revivals — but current momentum is clearly waning.

What makes Pump.fun unique?

Pump.fun is known for its:

• Solana-native infrastructure

• Easy-to-use memecoin launchpad

• Rapid community-driven token launches

However, even with these features, it hasn’t escaped the broader downturn affecting the niche.

Are other memecoin platforms seeing similar trends?

Yes. LetsBonk, another major Solana memecoin platform, also reported a drop in volume, even though trader activity rose slightly. This suggests less capital per user is being deployed.