tl;dr
Pump.fun, a Solana-based meme coin launchpad, achieved a major milestone by generating over $14 million in revenue on January 2, 2025. This success is attributed to the fresh bullish cycle in the meme coin market, with the platform also leading in Solana decentralized exchange transactions. Despite ...
Pump.fun, a Solana-based meme coin launchpad, achieved a major milestone by generating over $14 million in revenue on January 2, 2025. This success is attributed to the fresh bullish cycle in the meme coin market, with the platform also leading in Solana decentralized exchange transactions. Despite past criticisms, Pump.fun has become the go-to platform for meme coin creators. The platform's record revenue reflects growing interest and activity in the meme coin space.
Additionally, Pump.fun ecosystem tokens, such as GOAT, MOODENG, and CHILLGUY, saw significant rallies, indicating strong demand among traders. However, the platform has faced challenges, including restrictions in the UK and backlash over harmful activities broadcasted via its live stream feature. Nonetheless, Pump.fun's dominance persists, with its overall market cap exceeding $9.5 billion.
Solana-based meme coin launchpad Pump.fun kicked off 2025 with a major milestone, raking in over $14 million in revenue on January 2 as the meme coin market experiences a fresh bullish cycle. On Thursday, the platform generated 72,506 SOL in fees, which amounts to over $14 million as Solana is trading above $200. Pump.fun ecosystem tokens are also seeing significant rallies, as meme coins like GOAT, MOODENG, and CHILLGUY are all up by more than 10% on the day.
The $14 million figure marked Pump.fun’s highest daily revenue since its launch. Despite criticisms and challenges throughout 2024, Pump.fun has seemingly become the go-to platform for meme coin creators.
Also, the platform maintained its dominance in Solana decentralized exchange (DEX) transactions. Pump.fun accounted for 52.8% of all Solana DEX transactions in December, based on Dune Analytics data.
Data from Lookonchain further showed that Pump.fun transferred 292,437 SOL tokens, worth over $55 million, to Kraken on January 2. It appears the platform is attempting to capitalize on SOL’s bullish momentum for profits. So far, the platform has deposited 1.5 million SOL tokens to Kraken, with 71,356 SOL tokens left in its holdings.
Since its launch earlier in 2024, Pump.fun has seen some notable success with Solana meme coins like PNUT, GOAT, and FARTCOIN. These projects achieved some of the highest gains in 2024, although extreme volatility was persistent.
The rise in Pump.fun revenues suggests growing interest and activity in the meme coin space. The platform’s millions in revenue reflect a strong demand for meme coins among traders. Meanwhile, Pump.fun ecosystem tokens have seen notable rallies today, according to CoinGecko data. Fartcoin jumped by over 45% on the day, reaching an all-time high at $1.45. The overall market cap of Pump.fun tokens have exceeded $9.5 billion.
Pump.fun's dominance also suggests that traders are still relying on the platform despite the challenges from last year. Despite these criticisms and challenges, the platform continues to see increasing engagement due to its unparalleled accessibility to create and launch meme coins.