Pump.fun logged its worst month yet: What’s behind the $25 mln revenue drop?
Key Takeaways
Pump.enjoyable noticed its month-to-month income collapse to $24.96 million in July 2025. With memecoin hype cooling, rivals rising, and authorized strain mounting, will Pump.enjoyable win again customers and keep related?
Launched in January 2024, Pump.enjoyable, Solana’s [SOL] memecoin launchpad, recorded $24.96 million in income for July 2025. That’s an 80-82% drop from its January peak of $130-137 million.
If we glance carefully, income steadily declined by way of the 12 months: $90 million in February, $37 million in March, and $40 million vary from April to June earlier than collapsing in July.
That $25 million marks its lowest income thus far.
Each day figures adopted go well with. On the twenty eighth of July, income hit $293k, the primary sub‑$300k day since September, versus $7 million+ every day highs in January.
In the meantime, quantity fell from $348 million to $150 million by early August.
Supply: Dune
Total, the month-over-month momentum behind Pump.enjoyable is clearly fading. Quantity, which as soon as peaked at $700 million, has since rolled over, pointing to waning person engagement throughout the board.
Even Pump [PUMP], the platform’s native token, hasn’t been spared. After launching at $0.006, it’s now buying and selling round $0.003, marking a 50% drawdown inside a month, marking a basic post-ICO bleed.
So what’s behind this sharp retrace? Is that this only a short-term correction providing a buy-the-dip setup, or are we a broader development shift in market sentiment?
Pump.enjoyable cedes floor to rivals amid authorized scrutiny
The memecoin sector is clearly contracting. Whole market cap dropped from $85 billion to $65 billion, whereas 24-hour buying and selling quantity plunged from $17.2 billion to $5.5 billion.
That’s a $20 billion outflow in lower than two weeks.
Pump.enjoyable hasn’t been spared, however the ache runs deeper. It’s additionally shedding market share to rivals like LetsBonk, whose dominance in Solana token launches surged from 12% to 80%.
In impact, that crushed Pump.enjoyable’s market share down to simply 15%, aligning virtually tick-for-tick with its income decay. Circulation is clearly rotating arduous, and proper now, it’s flowing straight into LetsBonk.
Supply: Blockworks Analysis
To make issues worse, Pump.enjoyable is dealing with legal heat. A category-action lawsuit filed in January 2025 accuses it of permitting “pump-and-dump” schemes by way of token launches and unregistered tokens.
Taken collectively, with memecoin hype fading, rivals gaining floor, and authorized hassle constructing, this income drop doesn’t appear to be a one-off. Pump.enjoyable might need to battle arduous to remain within the sport.
