Solana News Today: Pump.fun Revenue Plummets 80% as Solana Memecoin Market Cools

Pump.fun, a Solana-based memecoin platform, experienced a substantial revenue decline in July 2025, dropping to $24.96 million, an 80% decrease from its January peak above $130 million [1]. This sharp decline reflects a broader cooling trend in the Solana memecoin market, driven by waning investor interest and a reduction in new token launches [1]. Data from DeFi analytics provider DefiLlama highlights a contraction in memecoin creation and trading activity, underscoring the sector's slowdown [1].

The broader memecoin market also showed signs of retreating momentum. Trading volume peaked at $17.22 billion on July 23 but fell 67% to $5.59 billion by early August, while the overall market capitalization dropped 23.5% to $65 billion [1]. This decline indicates a shift in market sentiment following a short-lived bullish phase, affecting platforms like Pump.fun and others such as LetsBonk [1].

Solana’s new memecoin token creation has also slowed. Solscan data revealed that only 34,040 Solana Program Library tokens were minted on August 2, the lowest figure in three months [1]. This decline in token minting aligns with reduced investor enthusiasm and reflects a cooling market environment, impacting launchpad revenues and trading dynamics [1].

User activity on Solana memecoin platforms has similarly waned. Pump.fun reported a 62% drop in daily traders, from 346,000 on July 9 to 129,000 in early August, with trading volume declining 56% to $150 million [1]. Meanwhile, LetsBonk saw a 25% increase in traders but a 10% drop in volume, indicating mixed user engagement amid the market correction [1].

Industry analysts suggest that the sector may be entering a phase of consolidation, with market participants becoming more selective. Although the decline signals a challenging period, it could lead to the emergence of more sustainable and innovative projects [1]. COINOTAG experts note that this correction might ultimately foster healthier market conditions for the long term [1].

Source: [1] Solana Memecoin Platform Pump.fun Sees Possible Revenue and Trading Declines Amid Sector Cooling (https://en.coinotag.com/solana-memecoin-platform-pump-fun-sees-possible-revenue-and-trading-declines-amid-sector-cooling/)