Pump.fun's Epic Crash: Meme Coin Launchpad Plummets 92% from Peak!

Holy revenue drop, Batman! Pump.fun, the once-hot meme coin launchpad, just saw its cash flow nosedive by a jaw-dropping 92% from its all-time high. It's like watching a crypto empire crumble right before our eyes!

The on-chain data doesn't lie, folks. Pump.fun's fees have been sliding faster than a greased pig at a county fair over the past few days. We're talking a serious hit to their revenue compared to the gangbusters start they had at the beginning of the year.

Get this: on July 6, Pump.fun barely scraped together $533,410 in revenue, with fees limping in at less than $922,890. It's the first time since March 2025 that their daily fees have tanked below the $1 million mark. Ouch!

Compared to their glory days on January 23, the platform's revenue has cratered by 92%, while fees have taken an 86% hit. Back in the day, Pump.fun was raking in a cool $7.07 million in both categories. Talk about a fall from grace!

The writing's on the wall, people. Pump.fun's nosediving fees and revenues are a death knell for the platform that once ruled the Solana (SOL)-based meme coin scene. Sure, they had a brief comeback with $6.6 million in fees by the end of March 2025, but their revenue never climbed past $2.05 million. It's like watching a crypto giant stumble and fall.

Pump.fun's Descent into Oblivion

When you zoom out to a monthly view, January was Pump.fun's shining moment, pulling in a whopping $137.12 million in both revenues and fees. But fast forward to the end of June, and their fees have plummeted over 60% to a measly $64.47 million. Meanwhile, their monthly revenue in June barely hit $39.08 million, which is less than 30% of their peak. It's a crypto bloodbath out there!

Remember back in February when Pump.fun's trading volume took a 63% hit? That was right when celebs started jumping on the memecoin bandwagon, only to get burned by high-profile scams. It's like watching a train wreck in slow motion.

Here's the real kicker: data from Dune analytics shows that in the past six months, less than 0.01% of Pump.fun addresses managed to pocket a cool million. But nearly 60% of meme coin traders on the launchpad have been licking their wounds from losses. It's got traders wondering if Pump.fun's golden era is nothing but a distant memory.