Pump.fun Revenue Crashes 90% From All-Time High – What’s Next for the Memecoin Launchpad?

Pump.fun's revenue nosedive proves even meme economies aren't recession-proof.

The once-booming memecoin launchpad saw its earnings evaporate faster than a shitcoin's liquidity—plummeting over 90% from its historical peak. Traders who once FOMO'd into every new token now treat the platform like a Telegram scam group.

Is this the end of the easy-money meme factory, or just a market cycle reality check? One thing's certain: in crypto, today's golden goose is tomorrow's KFC bucket.

Pump.fun on the decline

When compared on a monthly basis, the platform reached its peak in January with $137.12 million for both revenues and fees.

However, as of the end of June, its fees have fallen by more than 60%, hitting only $64.47 million. Meanwhile, the platform’s monthly revenue in June only reached $39.08 million, which amounts to less than 30% of its monthly peak.

Earlier in February, Pump.fun’s trading volume also declined by 63% as more celebrities jumped on the memecoin trend, only to result in high-profile scams.

As previously reported by crypto.news, data from Dune analytics showed that only less than 0.01% of Pump.fun addresses were able to turn a profit of $1 million in the past six months. On the other hand, nearly 60% of meme coin traders have experienced losses on the launchpad. This disparity has led to traders questioning whether the platform’s glory days are over.