Crypto: 80% Less Revenue for Pump.fun, Traders Are Worried

The leader in memecoin launches on Solana is shaky. In July 2025, Pump.fun recorded its lowest monthly revenue of the year—a tangible sign of investor disengagement and a broader exhaustion in the crypto ecosystem.

In brief

• Pump.fun's monthly revenues dropped from $130 million to $24.96 million, an 80% decrease in six months.
• The number of active crypto traders on Pump.fun fell by 62%, while LetsBonk took the lead in the market.
• Memecoin market capitalization declined from $85 billion to $65 billion, indicating a global sector slowdown.

Revenue in free fall: Pump.fun loses 80% of revenues

Pump.fun, a platform emblematic of the memecoin wave on Solana, saw its monthly revenue plummet to $24.96 million in July 2025, down from over $130 million in January. This sharp decline represents an 80% decrease over six months. While the Total Value Locked (TVL) remains relatively high at $190.57 million, the stark contrast with revenue dynamics highlights a drastic drop in actual activity on the platform. Pump.fun, designed to enable instant token creation, now struggles to convert this liquidity into real economic value.

Crypto users desert Pump.fun: LetsBonk takes the prize

Alongside Pump.fun’s revenue slump, the number of active traders on the platform plunged by 62%, signaling growing disinterest in the crypto community. Meanwhile, competing platform LetsBonk has surged, attracting the majority of flows and generating up to $1.04 million per day—double that of Pump.fun. This migration illustrates a common dynamic in the memecoin universe: loyalty is never guaranteed. The fashion effect, combined with extreme crypto volatility, reshapes the market landscape within weeks. Tokenized communities, drivers of these shifts, now seem more motivated by quick profit promises offered elsewhere.

Memecoins in crisis: capitalizations and volumes collapse

Beyond Pump.fun, the entire memecoin sector is slowing down. Total market capitalization dropped from $85 billion to $65 billion, while daily crypto transaction volume contracted by 67%. These figures reflect declining engagement and possible saturation of the purely speculative model. This setback contrasts with the resilience of more established assets like Bitcoin, whose valuation rests on scarcity, security, and gradual institutional adoption. Where memecoins seek immediate mass-effect performance, Bitcoin stands as a safe haven asset in the crypto universe. This maturity differential highlights that not all tokens play in the same league—one is a bet on collective attention, the other a digital store of value. Pump.fun is currently in a downturn phase that raises questions about the sustainability of platforms founded on speculative enthusiasm. In a constantly evolving crypto market, the future of these ecosystems will depend on their ability to reinvent their value proposition beyond memecoins and hype.

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Source: Originally published at Cointribune on Mon, 04 Aug 2025 19:05:00 GMT.

Frequently Asked Questions (FAQ)

Pump.fun Performance and Market Trends

Q: What caused the significant drop in Pump.fun's revenue? A: Pump.fun experienced an 80% decrease in monthly revenue over six months, falling from $130 million to $24.96 million. This is attributed to a decline in active traders and broader investor disengagement within the crypto ecosystem. Q: How has the competitive landscape changed on Solana for memecoin launches? A: LetsBonk has emerged as a strong competitor, taking the lead in the market and attracting significant trading flows, reportedly generating double the daily revenue of Pump.fun. Q: What is the overall health of the memecoin market? A: The entire memecoin sector is showing signs of a slowdown, with a decrease in total market capitalization from $85 billion to $65 billion and a 67% contraction in daily transaction volume. Q: What is "Total Value Locked" (TVL) and why is it relevant to Pump.fun's situation? A: TVL represents the total value of assets deposited in a decentralized finance (DeFi) protocol. While Pump.fun's TVL remains high at $190.57 million, the stark contrast with its revenue drop indicates that the liquidity is not translating into substantial economic activity on the platform. Q: Why are traders worried about Pump.fun's current situation? A: Traders are concerned because the significant drop in revenue and active users suggests a potential downturn for platforms heavily reliant on speculative enthusiasm and memecoin hype. This raises questions about their long-term sustainability and ability to adapt beyond current trends.

Crypto Market AI's Take

The recent downturn experienced by platforms like Pump.fun highlights the inherent volatility and cyclical nature of the memecoin market. While such platforms can offer rapid token creation and attract significant initial attention, their sustainability often hinges on continuously generating novelty and maintaining user engagement in a highly competitive space. This situation underscores the importance of diversified strategies in the crypto market, moving beyond purely speculative assets. At Crypto Market AI, our focus is on leveraging artificial intelligence for more robust market analysis and identifying assets with fundamental value, such as Bitcoin, which derives its worth from scarcity and adoption. Our AI-powered trading tools and market intelligence aim to provide a more stable and informed approach to navigating the complexities of the cryptocurrency landscape.

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