TLDR
- Pump.fun has crossed $800 million in lifetime revenue, reclaiming dominance in Solana’s memecoin launchpad market
- The platform now holds 73% market share after rival LetsBonk’s revenue dropped from $1 million to under $30,000 daily
- PUMP token has seen $46 million in burns, creating scarcity as the protocol removes 1.1% of circulating supply
- Technical analysis shows PUMP bouncing from $0.0028 support with RSI turning bullish
- Platform generated over $13 million in fees during mid-August, marking strongest performance since February
Pump.fun has achieved a major milestone by surpassing $800 million in cumulative revenue. The Solana-based memecoin launchpad has reclaimed its position as the dominant platform in this competitive market.
The platform generates revenue through a 1% transaction fee on swaps. This model has proven highly profitable as memecoin trading activity continues across the Solana network.
Recent data shows Pump.fun now commands 73% of Solana’s memecoin launchpad activity. This represents a recovery from earlier competition that had challenged its market position.
The platform faced strong competition from LetsBonk during the summer months. LetsBonk gained popularity through integration with Raydium and backing from the Bonk community.
LetsBonk briefly overtook Pump.fun in token graduations last month. However, the competitive landscape has shifted dramatically in recent weeks.
LetsBonk’s daily revenue has collapsed from nearly $1 million to under $30,000. Meanwhile, Pump.fun maintains consistent seven-figure daily revenues.
Top memecoin deployers have migrated back to Pump.fun’s ecosystem. This migration has helped restore the platform’s dominance in the sector.
Platform Performance Metrics
Pump.fun generated over $13 million in fees during mid-August alone. This marked its strongest week since February 2024.
The surge followed a market correction earlier in August. Memecoin capitalization briefly dropped by nearly $16 billion during this period.
The platform recorded over 162,000 new token mints in a single week. More than 1.3 million active traders used the platform during the same period.
Daily revenues consistently exceed $1 million for Pump.fun. This performance contrasts sharply with competitors who have seen revenue decline.
Token Economics and Burns
The PUMP token has benefited from the platform’s success through regular burns. The protocol has burned $46 million worth of tokens since launch.
These burns represent approximately 265,180 SOL in value. The burned tokens account for around 1.1% of the circulating supply.
Token burns create artificial scarcity by removing coins from circulation. This mechanism can support price appreciation when demand remains strong.
Comparatively, LetsBonk burned only 62,000 SOL during the same period. The difference in burn amounts reflects the platforms’ relative performance levels.
Pump.Fun PUMP Price Prediction
PUMP has bounced from the $0.0028 support level on the 4-hour chart. This bounce suggests potential for further recovery if support holds.
The Relative Strength Index (RSI) has moved away from oversold levels. The indicator crossed above its 14-period moving average, suggesting momentum shift.
Technical analysts project potential upside to $0.0035 initially. A break above this level could target $0.0040 and potentially $0.0065.
The projected upside represents potential gains of up to 120% from current levels. However, these projections depend on continued platform performance and market conditions.
Higher trading volumes at Pump.fun indicate renewed interest in memecoin trading. Popular Solana tokens like Pudgy Penguins and Bonk have already posted strong gains this year.
Pump.fun’s recent token offering raised $600 million in minutes, demonstrating strong investor interest. The platform has also launched PumpSwap, an in-house DEX that strengthens its ecosystem.
