In July 2025 Pump.fun’s revenue fell off a cliff to just $24.96 million. This was a drop from its January peak of $130 million, due to platform-specific issues. It was also a result of the larger market correction. The Solana-based memecoin launchpad, once the unchallenged king of the meme token game, is now in the midst of an existential crisis. This has impacted revenue streams significantly and hence led to the dramatic fall in Pump.fun revenue.
Daily revenues also saw a drop. On July 28th, Pump.fun reported $293,187 as its lowest point since September 2024. That’s a fall of 96% from the single-day high of $7.07 million in January. This reflects the dire state of Pump.fun revenue at that time.
Pump. Fun Revenue Crash Crash Mirrors Memecoin Market Downturn
The larger crypto community is also in a state of decline. In July, the market cap was at $85 billion and trading volume was at $17.22 billion. But very soon after, that trend went the other way. By August 4, total capitalization had fallen to $65 billion. We saw a 67% drop in trading volume to just $5.59 billion, parallel to revenue shifts seen at Pump.fun.
Solana has seen a drop-off. On August 2nd, per Solscan, only 34,040 new SPL tokens were minted. That’s the lowest daily total in three months. Widespread market fatigue has further affected Pump.fun revenue trajectory.
LetsBonk Snatches Market Share From Pump.fun
While on the downswing, Pump fun saw its competitor LetsBonk do very well. This occurred during their April 2025 launch, which was when things took off for them. At present, LetsBonk takes up 66.5% of the Solana’s memecoin launchpad market. During that time Pump fun reported a market share of only 22%. This caused further concerns about their Pump.fun revenue.
User activity highlights the stark contrast:
- Pump.fun: From 346,000 traders, who at one time traded $348M of volume on July 9, to now we see 129,000 traders and $150M. This illustrates the severe drop in Pump.fun revenue over time.
- LetsBonk: From out of 208,000 traders which is $503M to 260,000 traders and $453M.
With support from the BONK ecosystem, a deflationary fee burn model, and Raydium’s LaunchLab SDK integration, LetsBonk is putting out over 22,000 new tokens per day. This is nearly triple what Pump(fun).com does, hinting at possible implications for Pump.fun revenue figures.
ICO Blowback And Pump.fun Revenue Deficit
Pump. Fun’s issues grew after their July 12 ICO. Instead of an airdrop, which was expected, they sold 125 billion PUMP tokens (12.5% of total supply) at $0.004, raising $600 million. The response from users was negative, many called it a cash grab for minimal return. Influencer “Lynk” went as far as to label it the “final scam,” damaging reputation and revenue further at Pump.fun.
The PUMP token saw a 60% drop in value within two weeks. At present, it is trading for $0.002, which is well below what it launched at. Although they raised $1 billion, including a $400M private sale, the token’s performance has dropped. This, in turn, has diminished community confidence, thereby impacting Pump.fun revenue negatively.
Looking Ahead: Market Breakdown Or Crash?
The question now is whether this is a temporary correction or a full-blown reset for the memecoin sector. Solana co-founder Anatoly Yakovenko weighed in when he called out meme coins as “digital slop.” Increased regulation, however, comes on the heels of scandalous events related to celebrity-endorsed pump and dump schemes. These have also affected Pump.fun’s revenue outlook.
Still, some positive results are present. As the hype around certain tokens dies down, better quality platforms may emerge. These will have greater utility, better transparency, and be more focused on the community. For Pump.fun, it’s going to take more than just adding new features. They also need to work on regaining trust and to innovate very quickly to bolster Pump.fun revenue.
