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Pump.fun monthly revenue just hit rock bottom in July 2025 — and it’s sending a powerful signal that the memecoin mania may finally be fizzling out.
According to new data, the Solana-based launchpad generated only $24.96 million in revenue last month, an 80% plunge from its January high of over $130 million, marking the lowest monthly earnings this year.
The sudden collapse in Pump.fun monthly revenue is emblematic of a broader downturn in the memecoin sector.
Once hailed as the heartbeat of Solana’s meme-driven growth, Pump.fun now finds itself grappling with fading interest, lower trading volumes, and fewer daily users.
The decline hasn’t been gradual — it’s been brutal. After reaching record revenues in January, Pump.fun monthly revenue dropped to $90 million in February, then tumbled further to $37 million by March, according to DeFiLlama.
Over the next few months, Pump.fun hovered around the $40 million range. But July’s steep fall to $24.96 million underscores a chilling trend: the memecoin launch frenzy is losing steam.
“Pump.fun’s revenue decline reflects market exhaustion,” said DeFi analyst Lucas Harrison. “Retail momentum is slowing, and the memecoin sector has lost the speculative edge that made it so explosive earlier this year.”
CoinMarketCap data confirms the fading sentiment. On July 23, the memecoin market reached a peak market cap of $85 billion with $17.22 billion in 24-hour trading volume. But that momentum didn’t last.
Just days later, the memecoin market cap had dropped to $65 billion, a 23.5% decrease, while daily trading volume plunged by 67% to just $5.59 billion.
Pump.fun monthly revenue mirrored this contraction. Without the frenzied token launches and hype cycles that powered earlier growth, platform activity dwindled — and so did earnings.
The decline in revenue is also tied to lower minting activity on Solana — the blockchain that hosts Pump.fun.
Solscan data revealed that on a recent Saturday, only 34,040 SPL tokens were minted — the lowest daily figure in the last three months.
This metric is crucial. Pump.fun earns revenue when users create new tokens, many of which are memecoins. A drop in token creation directly hurts its business model.
“Memecoins are a momentum game,” said CryptoQuant researcher Aisha Ramirez. “Once the crowd moves on, platforms like Pump.fun see their numbers evaporate almost overnight.”
Other Solana-based platforms are facing similar issues. On July 9, Pump.fun boasted 346,000 daily traders and $348 million in trading volume. But by early August, those figures had plummeted to 129,000 traders and $150 million in volume — a 62% and 56% drop, respectively.
Meanwhile, rival platform LetsBonk saw mixed results. Though its daily traders rose to 260,000, its volume dropped nearly 10% to $453 million. Even with a marginal increase in user count, overall interest is slipping.
The crash in Pump.fun monthly revenue serves as a wake-up call for speculators. The memecoin space, often driven by hype rather than fundamentals, appears to be hitting a ceiling — at least for now.
Still, some analysts believe the memecoin engine could reignite under the right conditions.
“Memecoins aren’t dead; they’re just in a cooling phase,” said Ryan Shea, analyst at Messari. “When the next macro narrative hits — whether it’s political, cultural, or tech-related — we could see a second wave of memecoin madness.”
Until then, Pump.fun monthly revenue may continue to feel the heat of a cooling market.
The Pump.fun monthly revenue crash in July 2025 is a powerful indicator of memecoin fatigue in the crypto market.
With fewer token launches, diminished trading activity, and investor interest shifting elsewhere, Pump.fun and similar platforms are entering uncertain territory.
Whether this is a brief cooldown or the start of a broader decline remains to be seen.
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