Pump.fun Reports Lowest Revenue of $24.96 Million in July
Pump.fun, a meme coin launchpad on Solana, reported a significant revenue decline in July, generating $24.96 million, an 80% drop from January's peak of over $130 million. Key points include:
- Revenue decline began in early 2025, falling from $130 million in January to $90 million in February and $37 million in March.
- Monthly revenue hovered around $40 million for several months before hitting July's low.
- Meme coin market capitalization peaked at $85 billion on July 23 but dropped to $65 billion by August 4, a 23.5% decline.
- Pump.fun's trading volume fell to $5.59 billion, down 67% from its July high.
- The price of PUMP, the platform’s native token, decreased by 20%, trading at $0.003021.
In contrast, Solana's network revenue reached $87 million in July, maintaining its lead among Layer 1 and Layer 2 chains. SOL's price fluctuated, dropping over 16% from a peak of $182 to $164.75 due to unfavorable US macroeconomic data. Additionally, the Solana Mobile phone, Seeker, has begun shipping, potentially revitalizing interest in the meme coin sector.