🌎 Pump.fun Revenue Drops 92% Amid Meme Coin Controversies

Pump.fun’s Revenue Plummets 92% Amid Controversies and Declining Activity

Pump.fun, a popular platform for launching meme coins, has witnessed a significant decline in its protocol fee revenue, dropping by 92% from its peak in January. The revenue has fallen from $15.38 million on January 25 to just $1.1 million today.

Declining Activity on Pump.fun and Solana Network

The sharp decline in revenue is attributed to the waning activity on the platform and the broader Solana network. The recent controversies in the meme coin space, including the LIBRA fiasco involving Argentine President Javier Milei, have contributed to the decline.

Token launches on Pump.fun have also seen a massive decline, dropping from over 70,000 on January 23 to approximately 25,000 by February 26. This decline is part of the broader trend observed this year, with the meme coin marketcap shedding considerably in value.

Shift in Sentiment Towards Meme Coins

In 2024, meme coins reported an annual gain of 212%, largely fueled by the popularity of Pump.fun, which saw over 5.7 million new projects launched and generated more than $400 million in revenue. However, 2025 has brought a shift in sentiment towards meme coins.

Initially, meme coins were viewed as “fair launch” opportunities, where retail investors had the same chance to profit as venture capitalists and funds. However, this perception has now been challenged. The launch of the Milei coin, for example, saw its valuation hit $1 billion and quickly rise to $4 billion, revealing the scammy, manipulative nature of the meme coin sector.

“The meme coin sector has been exposed for its manipulative nature, and this has led to a decline in activity and revenue on platforms like Pump.fun.”