Pump.fun Token Surges 4.541% Amid Rising Activity, Network Growth Declines

Pump.fun's latest price was $0.008247, up 4.541% in the last 24 hours. This surge in activity indicates growing engagement and confidence in Pump.fun, despite the volatility in the market. The increase in active addresses often correlates with healthier network usage, which could help the altcoin sustain higher levels of demand and price stability as long as the momentum persists.

However, despite the spike in active addresses, network growth is showing a sharp decline. The fall in new addresses signals fewer fresh participants entering the market, a bearish indicator that suggests Pump.fun may be losing traction in the broader crypto market. This divergence between rising activity and weakening growth raises concerns about sustainability. While existing holders remain active, the lack of new adoption could limit capital inflows, potentially leaving Pump.fun exposed to sharper volatility and instability in the sessions ahead.

Pump.fun's token has become one of the most talked-about crypto assets this month. After a shaky launch and an early price crash, the token went on to set a new all-time high. The question now is whether the move ends with a correction or more upside ahead. Over the past 30 days, Pump.fun token price has climbed about 150%. Among the top 100 coins by market capitalization, it ranked third in monthly performance. Still, parts of the crypto community remain skeptical, pointing to the lack of clarity around airdrop plans. The project’s founders, however, chose to double down and focus on a different path.

PUMP token launched in July, just as rival platform LetsBonk.Fun was gaining momentum. With competition heating up, the timing looked like an attempt to restore Pump.fun’s reputation, and judging by today’s performance, the move worked. At the time, Pump.fun token price crashed, and many doubted it would recover. Features like paybacks and revenue sharing for creators later helped to rebuild confidence.

Competition among meme coin launchpads remains intense. New entrants continue to appear, and some, like Heaven, have already introduced 100% paybacks from day one. To keep its edge, Pump.fun is now betting on streams and so-called “stream tokens.” The team first tested the idea last year, but only recently has it started to gain traction. The number of these tokens grows daily. As with many meme coins, they often surge on launch, then fade, only to be replaced by new ones. A quick look at DEXScreener shows that in the past 24 hours, several of the most traded tokens included “stream” or “live” in their names.

Some community members argue that streaming could help Pump.fun attract a broader audience. Streaming is easier for newcomers to understand than meme coins alone, and it could serve as an additional driver of user growth. Others note that Pump.fun is already profitable, so the shift looks more like expansion than necessity. Not everyone agrees. Experts warn that content-driven marketing can distort incentives. Streamer-backed launches tend to pull liquidity away from established projects, leaving strong meme communities struggling to retain momentum. For example, tokens like Troll, Trencher, Tokabu, and Ustable Coin have lost traction as traders rotated into the “next big thing”.

The concern is that Content Creator Marketing rewards speed and spectacle over substance. Grassroots builders fear their work is being overshadowed by quick-turnaround tokens designed for hype rather than longevity. Others counter that when applied thoughtfully, creator-led promotion can give real projects valuable exposure. The debate underscores a broader tension in crypto: how to balance fast marketing cycles with sustainable growth. Some projects are already trying to adapt. Trencher, a Pump.fun meme coin supported by a community led by digital artist Grizzle has launched its own streams to keep users engaged.

With streaming finding its footing, platform metrics have been rising alongside Pump.fun token price. The number of new launches hit record highs on Sept. 15 and 16 with nearly 35,000 tokens created, according to Dune. By comparison, LetsBonk.Fun, the next-largest launchpad, crossed 1,000 launches only once, leaving Pump.fun with more than 90% of the market. Pump.fun has also entered the top five DeFi projects by revenue and at times even surpassed Hyperliquid in daily earnings. The trend has fueled demand for PUMP, but it comes with risks. While Pump.fun token price continues to climb, older meme projects that once attracted strong communities have slipped into corrections. For now, the spotlight belongs to streamer tokens, yet the question is how long this phase can last before the market shifts again.

Pump.fun, the Solana-based memecoin launchpad, has demonstrated significant platform activity recently, highlighted by achieving a new milestone of $1.02 billion in daily trading volume on September 14. This record volume signals a surge in user engagement and momentum returning to its ecosystem, substantially higher than the $942 million recorded just one day prior on September 13.

Accompanying the heightened trading volume, user commitment also reached new levels, with the platform's total value locked (TVL) hitting a record $334 million on September 14. While this figure saw a slight easing to $320 million by September 16, it continues to reflect robust user participation and engagement on the protocol.

The platform's innovation and ecosystem tools are gaining traction. Its livestreaming feature has surpassed competitor Rumble in average concurrent streams and achieved significant market share relative to major platforms, capturing about 1% of Twitch's share and 10% of Kick's share, showcasing its growing presence in live content creation within the crypto space.

Further supporting its community, Pump.fun actively rewarded creators, distributing over $4 million in Creator Rewards recently. The majority of these rewards empowered first-time creators, enabling them to develop and explore their projects directly through the platform.

The increased activity on Pump.fun coincides with a broader surge of interest across the memecoin sector, indicated by significant gains in overall market capitalisation and trading volume. Platform-specific data underscores Pump.fun's current strong operational performance and position within this resurgent market segment, reflecting a period of heightened platform adoption.