Pump.fun Reaches $30 Million in Revenue Thanks to Solana Meme Coin Frenzy

Pump.fun's revenue has surpassed $30 million as meme coins with their own respective sub-sector create their own waves.

Over the last month, we've seen a lot of meme-centric news. Roaring Kitty, the face of the 2021 GameStop rally, returned to The face of Dogecoin, the Shiba Inu Kabosu, has passed away.

The cryptocurrency market has also rallied on enthusiasm over the surprise approval of ethereum ETF 19b-4 spot approvals and some more encouraging inflation data due out in the US this month.

But meme fuel remained strong if we focus on the past week. On the one hand, the new PolitiFi (Political Finance) subsector, with meme coins linked to lawmakers only by name, with no official affiliation, has once again become a hotbed of commercial activity in the wake of the former president's guilty verdict. Donald Trump in his book of silence. rehearsal.

Perhaps the most exciting news is that celebrities appear to be back on the cryptocurrency bandwagon. Several top celebrities appeared to have touched on cryptocurrencies in 2021 and 2022, during the height of the bull market, but then dropped the topic as enthusiasm faded.

But Caitlyn Jenner intervened on the scene and launched her own token. fun.bomb and promote it both on your x and on your instagram. Many people thought the accounts had possibly been hacked, but she posted a video verifying that she was behind the post. Jenner later also launched the token on ethereum (eth) and is using the fees collected to support Trump.

Rapper Iggy Azalea also independently launched her $MOTHER token on Solana, apparently to respond to a promoter attempting to launch an IGGY token.

Increasing pump.fun revenue

Although it appears that only Jenner used pump.fun for her Solana (SOL) meme coin, the energy of the meme was transcendent. Despite being exploited less than two weeks ago, pump.fun recovered and recorded its biggest earning day on May 30, generating $1.48 million.

As the last time we saw an increase in the platform's revenue, it indicates that users are launching a lot of tokens, hoping to create the next meme coin that generates considerable returns.

According DeFiLlama, pump.fun has earned $31.8 million in revenue since its launch. Not surprising as it is home to new tokens on Solana – almost half a million were created in the last month alone.