Pump.fun Revenue Plunges 80%, Solana Meme Coin Market Cools

Published: 2025-08-04 15:56:54 |

Pump.fun revenue fell 80% to $24.96 million in July, marking its lowest monthly intake to date. The Solana memecoin launchpad has seen declines since January’s $130 million peak: $90 million in February, $37 million in March and around $40 million from April to June. This drop reflects a wider meme coin market cooldown. Between July 23 and August 4, memecoin market cap slid 23.5% from $85 billion to $65 billion, and daily trading volume dropped 67% from $17.2 billion to $5.6 billion. On Pump.fun, daily traders fell 62% to 129,000 and volume declined 56% to $150 million. Pump.fun’s native token PUMP crashed over 20% below $0.30 before recovering 5.7% to $0.003021. Meanwhile, Solana (SOL) price dropped from $182 to $164.75 after weak US data. The Solana network led Layer 1/2 chains with $87 million revenue in July. Shipping of Solana Mobile’s Seeker smartphone to over 50 countries may revive ecosystem activity.

Bearish

Pump.fun’s steep revenue decline and the broader Solana memecoin market downturn signal reduced investor appetite. The 23.5% drop in memecoin market cap and 67% fall in trading volume point to weakening demand. PUMP’s 20% price crash and SOL’s slide from $182 to $164.75 reflect this bearish sentiment. In the short term, traders may stay cautious, limiting buy-side pressure. Over the long term, ecosystem developments like the Solana Mobile Seeker smartphone could provide support, but current fundamentals favour a bearish outlook.