Solana-based meme coin launchpad Pump.fun kicked off 2025 with a major milestone, raking in over $14 million in revenue on January 2 as the meme coin market experiences a fresh bullish cycle.
On Thursday, the platform generated 72,506 SOL in fees, which amounts to over $14 million as Solana is trading above $200. Pump.fun ecosystem tokens are also seeing significant rallies, as meme coins like GOAT, MOODENG, and CHILLGUY are all up by more than 10% on the day.
Pump.fun Surges with Record Revenue
The $14 million figure marked Pump.fun’s highest daily revenue since its launch. Despite criticisms and challenges throughout 2024, Pump.fun has seemingly become the go-to platform for meme coin creators.
Also, the platform maintained its dominance in Solana decentralized exchange (DEX) transactions. Pump.fun accounted for 52.8% of all Solana DEX transactions in December, based on Dune Analytics data.
Data from Lookonchain further showed that Pump.fun transferred 292,437 SOL tokens, worth over $55 million, to Kraken on January 2. It appears the platform is attempting to capitalize on SOL’s bullish momentum for profits.
So far, the platform has deposited 1.5 million SOL tokens to Kraken, with 71,356 SOL tokens left in its holdings.
Pump.fun’s Record Revenue and the Meme Coin Market
Since its launch earlier in 2024, Pump.fun has seen some notable success with Solana meme coins like PNUT, GOAT, and FARTCOIN. These projects achieved some of the highest gains in 2024, although extreme volatility was persistent.
Although the crypto market has seen liquidations in the past few weeks, it seems like traders are seeing the new year as a fresh entry point. The rise in Pump.fun revenues suggests growing interest and activity in the meme coin space. The platform’s millions in revenue reflect a strong demand for meme coins among traders.
Meanwhile, Pump.fun ecosystem tokens have seen notable rallies today, according to CoinGecko data. Fartcoin jumped by over 45% on the day, reaching an all-time high at $1.45. The overall market cap of Pump.fun tokens have exceeded $9.5 billion.
Pump.fun’s dominance also suggests that traders are still relying on the platform despite the challenges from last year.
For instance, on December 3, the UK’s FCA released a statement announcing that Pump.fun is unauthorized to target UK users. Following this warning, the platform has restricted all services in the UK. The website itself cannot be accessed in the country now.
Also, the platform’s live stream feature received backlash after users broadcasted extreme and harmful activities. A notable incident involved a developer promoting self-harm if his cryptocurrency reached a $25 million market cap.
Separately, in November, it was reported that nearly 90% of users who traded meme coins launched from Pump.fun have either lost their investment or made less than $100 in profits.
Despite these criticisms and challenges, the platform continues to see increasing engagement due to its unparalleled accessibility to create and launch meme coins.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
