Solana News Today: Pump.fun Revenues Plummet 80% as Solana Memecoin Market Cools

Pump.fun, the Solana-based memecoin launchpad, reported a significant decline in July 2025, with revenues falling to $24.96 million, an 80% drop from its January peak of $130 million [1]. The platform has experienced a steady decline in earnings since February, with figures dropping from $90 million to $37 million in March, remaining around $40 million for the following three months before reaching the July low [3]. The decline highlights a broader slowdown in the memecoin market, which saw a 23.5% drop in market capitalization from its July high of $85 billion to $65 billion by August [2].

The cooling trend is evident in declining user engagement across major platforms. On July 9, Pump.fun recorded 346,000 daily traders and $348 million in trading volume. By early August, these figures had fallen to 129,000 traders and $150 million in volume, representing 62% and 56% drops, respectively [4]. Trading volume on Solana-based platforms has also seen a sharp decline, with 24-hour volume collapsing 67% from a July peak of $17.22 billion to $5.59 billion [2].

Token creation activity on Solana has mirrored this downward trend. On August 2, only 34,040 SPL tokens were minted—its lowest daily count in three months [5]. This suggests a waning interest in speculative token launches, which had fueled much of the market’s growth earlier in 2025. Competitor LetsBonk.fun also saw mixed results, with daily trader numbers rising 25% to 260,000 but trading volumes dropping nearly 10% [6].

The broader market dynamics indicate a shift from speculative frenzy to cautious evaluation. Analysts attribute the downturn to market saturation and a decline in FOMO-driven trading [7]. As attention turns to other DeFi innovations and the risks of volatility and scams become more apparent, investors are increasingly hesitant to participate in the memecoin space [8]. The sector now appears to be entering a consolidation phase, with Pump.fun’s July revenue figures serving as a key indicator of the maturation—or perhaps exhaustion—of the 2025 memecoin boom [9].

Source:

[1] Cointelegraph https://cointelegraph.com/news/pump-fun-revenue-drops-2025-solana-memecoins

[2] Blockonomi https://blockonomi.com/pump-fun-revenue-drops-80-as-memecoin-market-cools-in-july-2025/

[3] XT.com https://www.xt.com/en/blog/post/is-pump-funs-80-revenue-drop-a-sign-of-memecoin-market-collapse

[4] AInvest https://www.ainvest.com/news/solana-news-today-solana-memecoin-revenue-plummets-80-market-cools-2508/

[5] The https://en.cryptonomist.ch/2025/08/04/crisis-pump-fun-on-solana-revenues-plummet-by-80/

[6] BlockchainReporter https://blockchainreporter.net/letsbonk-fun-overtakes-pump-fun-as-solanas-largest-memecoin-launchpad-but-investor-interest-waning/

[7] Altcoin https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/pumpfun-revenue-tanks-as-memecoin-hype-fades/

[8] TradingView https://www.tradingview.com/news/cointelegraph:6f38ba843094b:0-pump-fun-hits-lowest-monthly-revenue-in-2025-as-memecoins-lose-steam/