Thomas Daniels
In mid‑August, Solana‑based memecoin launchpad Pump.fun surged back to prominence, securing its most lucrative revenue week of 2025 amid renewed interest in the memecoin sector. According to DeFi data tracker DefiLlama, Pump.fun generated $13.48 million from August 11 through August 17, marking the platform’s highest weekly revenue since February.
This surge follows a pronounced slump between July 28 and August 3, when Pump.fun recorded only $1.72 million—its lowest weekly intake since March 2024—contributing to the platform’s weakest monthly performance of the year.
The downturn aligned with broader market sentiment: CoinMarketCap reported the memecoin sector’s market capitalization plunged from $77.73 billion on July 28 to $62.11 billion on August 3, a near 20 percent drop that erased approximately $16 billion of value.
However, by August 11, the memecoin market rebounded to nearly $75 billion, before gently retreating to $70 billion later that week. At the time of reporting, the sector’s valuation stood at around $66 billion.
Simultaneously, Pump.fun reclaimed its leadership among Solana memecoin launchpads. Initially dethroned on July 7 by new entrant LetsBonk—which outperformed Pump.fun in 24‑hour revenue and gained momentum across July—Pump.fun has since regained dominance. Jupiter, the Solana decentralized exchange aggregator, reports that over the past seven days, Pump.fun commanded a 73.6 percent market share, handled $4.68 billion in trading volume, engaged 1.37 million traders, and facilitated 162,000+ token mints. Meanwhile, LetsBonk held just 15.3 percent market share, with $974 million in weekly trading volume, 511,000 traders, and just over 6,000 token mints.
Despite its ascending performance, Pump.fun remains entangled in legal controversy. A class‑action lawsuit filed on January 30 accuses the platform of deploying “guerrilla marketing” to foster artificial urgency around volatile tokens. The complaint was amended on July 23, branding Pump.fun an “unlicensed casino” and likening its mechanics to a “rigged slot machine” in which early participants profit while subsequent investors suffer. According to the amended filing, investor losses may total up to $5.5 billion.
Nevertheless, Pump.fun persists in its upward trajectory. A Dune Analytics dashboard indicates that the platform has amassed $800 million in lifetime revenue to date. Adding perspective to its future potential, Solana Labs co‑founder Anatoly Yakovenko recently remarked that Pump.fun could evolve into a global streaming platform.
