Defying all momentum, Solana based memecoin launchpad Pump.fun’s revenue has plummeted to the lowest monthly revenue ever recorded. This depicts a broader downturn in the memecoin market.
According to data from DeFi analytics platform DefiLlama, Pump.fun generated only $24.96 million in revenue in July.
This amount is a dramatic 80% decline from its peak of more than $130 million in January this year.
The platform has experienced a steady slide throughout 2025, with revenue dropping to $90 million in February, then falling further to $37 million in March.
It hovered around the $40 million mark between April and June before hitting a new low in July.
The revenue slump aligns with a sharp cooldown in the overall memecoin sector, which had previously surged earlier this summer.
Pump.fun’s Revenue Down as Memecoin Market Loses Momentum
Memecoins showed signs of bullish activity in July, briefly rejuvenating investor interest.
On July 23,2025 data from CoinMarketCap recorded a sector-wide market capitalization high of $85 billion, with daily trading volume peaking at $17.22 billion. But the rally proved short-lived.
As of Monday, the total market value of memecoins had dropped to $65 billion, a 23.5% decline from its July high. The 24-hour trading volume plummeted 67% to $5.59 billion.
Solana, the blockchain network powering many leading memecoin platforms including Pump.fun, is also showing signs of cooling off.
According to Solscan, just 34,040 new Solana Program Library (SPL) tokens were minted on Saturday, the lowest daily figure recorded in the past three months.
Trading Activity on Solana based Platforms Declines
User engagement on key Solana memecoin launchpads has also weakened.
On July 9, Pump.fun registered a record 346,000 daily traders and a trading volume of $348 million.
The memecoin sector, which gained massive traction in the first half of 2025 amid viral marketing and speculative trading, now appears to be undergoing a market correction.
Pump.fun’s revenue dip and the broader drop in trading activity suggest that investor enthusiasm is fading, at least for now.
Whether this marks a temporary lull or a longer-term downturn in the memecoin ecosystem remains to be seen.