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

The Solana memecoin boom has shown early signs of waning, with Pump.fun — one of the platform’s most prominent memecoin launchpads — reporting a sharp decline in revenue. In July 2025, the platform generated just under $25 million, marking the weakest performance of the year and an 80% drop from its January peak of over $130 million [1]. The decline has been gradual but consistent, with revenue falling to $90 million in February, $37 million in March, and hovering near $40 million for several months before hitting the current low [1].

The broader memecoin market has followed a similar trajectory. By early August, the total market capitalization of memecoins had dropped from a July high of $85 billion to $65 billion, with daily trading volume plummeting from $17.2 billion to $5.6 billion [1]. On-chain data also suggests a slowdown in token creation. Solscan reported that only about 34,000 new Solana Program Library (SPL) tokens were minted in late July, the lowest daily output in three months [1].

The cooling trend reflects a shift in investor behavior toward more cautious strategies. The speculative fervor that once defined the memecoin market has given way to a more measured approach, with traders showing a preference for assets with clearer utility or technical innovation. This shift aligns with a broader pattern observed across multiple blockchain ecosystems, where initial enthusiasm for meme-based tokens is being tempered by macroeconomic uncertainty and growing regulatory scrutiny [1].

Pump.fun’s decline does not necessarily signal an end to the memecoin phenomenon, but it does highlight evolving risk preferences among crypto participants. While community-driven hype and social media momentum can still drive short-term spikes, the market appears to be favoring projects with sustainable value propositions over those driven by viral trends. As the industry matures, investors are increasingly scrutinizing fundamentals, signaling a potential realignment of priorities in the crypto landscape [1].

Source: [1] Coindoo – [https://coindoo.com/crypto-watchlist-ai-tokens-token-unlocks-and-key-votes-in-focus-this-week/](https://coindoo.com/crypto-watchlist-ai-tokens-token-unlocks-and-key-votes-in-focus-this-week/)