Solana News Today: Pump.fun Reigns in Solana Memecoin Mayhem Despite Legal Fire

Pump.fun, a Solana-based memecoin launchpad, has regained its dominance in the Solana memecoin launchpad space, achieving over 73% in market share in the last seven days. As of mid-August 2025, the platform generated $13.48 million in weekly revenue, marking one of its strongest performance periods since February. This resurgence follows a brief dip in revenue from July 28 to August 3, during which Pump.fun earned only $1.72 million, its lowest weekly revenue since March 2024. The decline in revenue coincided with a broader market correction in the memecoin sector, where the total market cap fell from $77.73 billion on July 28 to $62.11 billion on August 3, wiping out nearly $16 billion in value [1].

Pump.fun’s dominance is further evidenced by its 73.6% market share in the last seven days, with $4.68 billion in trading volume and 1.37 million traders participating. Its nearest competitor, LetsBonk, trailed with a 15.3% market share and $974 million in weekly trading volume. The platform has also seen 162,000 token mints compared to 6,000 by LetsBonk. Despite these gains, Pump.fun is facing legal challenges. A class-action lawsuit alleges the platform used “guerrilla marketing” tactics to create artificial urgency around volatile tokens and refers to it as an “unlicensed casino” where only the first few traders profit by dumping tokens on later participants. The lawsuit claims investor losses have reached $5.5 billion [2].

Despite legal scrutiny, Pump.fun’s revenue continues to grow. Data from a Dune Analytics dashboard shows the platform has accumulated $800.67 million in lifetime revenue, primarily from a 1% swap fee on all token transactions. While LetsBonk briefly overtook Pump.fun in the number of graduated tokens, Pump.fun has regained the lead as top memecoin deployers shifted back to the platform. The platform now sees daily revenues consistently exceeding $1 million, compared to LetsBonk’s current daily revenue, which has dropped below $30,000. Additionally, Pump.fun launched its native token in July 2025, raising $600 million in 12 minutes, and is currently executing a buyback at a price significantly higher than the market [3].

The broader memecoin market remains volatile. As of mid-August 2025, the total market cap for memecoins stood at $66 billion, showing signs of recovery after the sharp decline in early August. This fluctuation is typical of the sector, which is heavily influenced by social media trends, speculative trading, and community sentiment. Analysts note that while the market has shown signs of stabilization, it remains highly sensitive to news, hype, and regulatory developments. For example, the recent launch of the Base App by Coinbase has introduced a decentralized social media platform that automatically mints posts as ERC-20 tokens. This innovation has already led to a surge in Base-based memecoins, with over 57,970 tokens launched in a single day compared to 32,760 on Solana [4].

Dogwifhat (WIF), another prominent memecoin, continues to draw attention as one of the top-performing tokens in the sector. As of August 2025, WIF trades at approximately $0.873 and has a market cap of around $873 million. Analysts project that WIF could trade between $0.72 and $1.05 in August 2025, with an average of $0.85. Looking further ahead, forecasts for 2025 suggest a potential maximum price of $1.78, while longer-term predictions indicate the token could reach up to $5.75 by 2031. However, these projections are highly speculative and depend on market conditions, platform usage, and broader crypto trends [5].

In conclusion, the memecoin market remains a volatile but potentially lucrative segment of the crypto landscape. Pump.fun and Dogwifhat exemplify the rapid growth and unpredictable nature of the sector. While platforms like Pump.fun continue to innovate and attract traders, they also face growing regulatory and legal challenges. Investors are advised to approach memecoins with caution, given their speculative nature and susceptibility to rapid price swings. As the market evolves, the interplay between community sentiment, technological developments, and regulatory scrutiny will likely remain key factors shaping the future of these tokens.

Source:

[1] Pump.fun Regains Top Spot in Solana Memecoin Launchpad Rankings (https://cointelegraph.com/news/pumpfun-solana-memecoin-revenue-lawsuit-august-2025)

[2] Pump.fun Surpasses $800 Million in Lifetime Revenue as Solana Memecoin Competition Heats Up (https://www.theblock.co/post/367585/pump-fun-surpasses-800-million-in-lifetime-revenue-as-solana-memecoin-launchpad-competition-heats-up)

[3] Pump.fun Price Prediction: Will PUMP Coin Reach $1? (https://stealthex.io/blog/pump-fun-price-prediction-will-pump-coin-reach-1/)

[4] Dogwifhat Price Prediction (https://www.cryptopolitan.com/dogwifhat-price-prediction/)

[5] Dogwifhat Price Chart & Market Cap (https://coincodex.com/crypto/dogwifhat/)