Pump.fun, a Solana-based platform for creating and launching memecoins, achieved its highest weekly revenue in six months in mid-August 2025, generating $13.48 million between August 11 and 17 [3]. This marked a sharp contrast to the previous week, where the platform recorded only $1.72 million in revenue, the lowest since March 2024 [2]. The resurgence in revenue coincided with a broader rebound in the memecoin sector, which had seen a 20% decline in market capitalization from $77.73 billion on July 28 to $62.11 billion on August 3 [2].
The recovery in Pump.fun’s fortunes reflects renewed investor interest in the memecoin space. According to CoinMarketCap, the sector’s market cap climbed to nearly $75 billion by August 11 before settling at $70 billion by August 17 [2]. Meanwhile, Pump.fun has regained its dominance in the Solana launchpad rankings, capturing a 73.6% market share in the last week and recording $4.68 billion in seven-day trading volume [3]. The platform also attracted 1.37 million traders and over 162,000 token mints during the period [3].
In contrast, its closest competitor, LetsBonk, held only 15.3% of the market, with $974 million in weekly trading volume and significantly fewer traders and token mints [3]. Jupiter, a Solana decentralized exchange aggregator, confirmed Pump.fun’s return to the top of the rankings, indicating strong user engagement and market activity [3].
Despite its recent success, Pump.fun faces legal challenges. A class-action lawsuit, amended in July, accused the platform of using “guerrilla marketing” tactics and likened it to an “unlicensed casino,” with claims of $5.5 billion in investor losses [3]. However, the platform continues to perform well, with lifetime revenue reaching $800 million [3]. Solana Labs co-founder Anatoly Yakovenko has also expressed confidence in Pump.fun’s potential, suggesting it could develop into a global streaming platform [3].
Pump.fun’s native token has also seen a 63.5% increase over the past two weeks, aligning with the broader rally in the memecoin market [5]. Nonetheless, the platform’s long-term sustainability is still questionable, as its “graduation rate” for new tokens remains under 1%, highlighting the speculative and short-lived nature of most memecoins [6].
While Pump.fun’s recent performance is a sign of momentum in the Solana ecosystem, the broader cryptocurrency market remains in a consolidation phase. Solana’s native token, SOL, has fallen from a high of $208 to approximately $187, a 36% decline from its January all-time high [4]. Analysts suggest that the platform’s success is closely tied to user sentiment and speculative behavior rather than traditional financial fundamentals, and while the recent figures are encouraging, caution is warranted given the volatile nature of the market [1].
Source:
[1] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1047969-20250818)
[2] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1049005-20250819)
[3] Traders Union (https://tradersunion.com/news/cryptocurrency-news/show/443880-moodeng-price-falls-5-to-six-week-low/)
[4] FXStreet (https://www.fxstreet.com/cryptocurrencies/news/solana-hits-100k-tps-milestone-with-stress-test-transaction-spike-202508180717)
[5] CryptoDnes.bg (https://cryptodnes.bg/en/tag/meme-coin/)
[6] Facebook · Pump.Fun Tokens (https://www.facebook.com/groups/167511500036007/posts/24269958109364676/)
