Solana News Today: Pump.fun Revenue Dives 80.7% to $24.96 Million Amid Memecoin Market Cooling

Pump.fun, a Solana-based platform for launching memecoins, reported its lowest monthly revenue of $24.96 million in July 2025, a significant drop from its January peak of over $130 million. This marks the sharpest decline in the platform’s revenue since the beginning of the year and reflects a broader cooling of interest in the memecoin sector. Data from DeFi analytics firm DefiLlama shows that Pump.fun's revenue has steadily fallen throughout 2025, with a notable plunge to $37 million in March before hovering around $40 million for several months [1].

The decline in revenue mirrors a broader downturn in the memecoin market, which had previously seen a surge in trading volume and market capitalization. In early July, memecoins reached a market cap of $85 billion and a 24-hour trading volume of $17.22 billion, according to CoinMarketCap data. However, these figures quickly declined, with the total valuation dropping to $65 billion by late July—a 23.5% decrease—and the 24-hour trading volume falling to $5.59 billion, a 67% drop from its peak [2].

Solana, the primary network for memecoin creation, has also seen a slowdown in token launches. Solscan data indicates that on August 2, only around 34,040 Solana Program Library (SPL) tokens were minted, the lowest daily record in the past three months. This signals a reduced level of innovation and activity in the sector.

Trading activity on major Solana memecoin platforms has also declined sharply. On July 9, Pump.fun recorded 346,000 daily traders and $348 million in trading volume, but by late July, these figures had dropped to 129,000 traders and $150 million in volume—representing a 62% and 56% decline, respectively. Competitor platform LetsBonk saw a mixed performance, with daily traders rising by 25%, but trading volume falling nearly 10% [3].

The broader market has shifted away from speculative memecoins toward more established cryptocurrencies like Bitcoin and Ethereum. This shift suggests that investors are prioritizing projects with clearer use cases and long-term utility over those driven by social media trends and hype. Analysts attribute the recent enthusiasm for memecoins largely to short-term speculation, which has now begun to fade as the novelty wears off.

The performance of Pump.fun and the broader decline in trading volume indicate that the current wave of memecoin interest may be nearing its peak. Without a clear path to mainstream adoption or regulatory clarity, the sector may struggle to regain its earlier momentum. The market appears to be correcting itself as participants become more selective and cautious in their investment decisions.

Sources:

[1] title1.............................(https://www.msn.com/en-us/money/savingandinvesting/experts-say-these-are-the-9-best-new-meme-coins-to-join-this-month-stage-15-is-live-now/ar-AA1JzamO)

[2] title2.............................(https://cryptodnes.bg/en/tag/bitcoin/page/4/)

[3] title3.............................(https://changelly.com/blog/is-it-late-to-buy-doge-now/)