The Pump.fun platform, known as a launchpad for meme coins, has faced a sharp revenue decline, dropping by 92% from its historical peak.
Decline in Revenue and Fees
On-chain data shows that the fees of the Pump.fun platform have been steadily decreasing in recent days. The platform reported a revenue of just $533,410 on July 6, marking the first time since March 2025 that its daily fees fell below $1 million.
Comparison to Historical Metrics
At its peak activity in January of this year, Pump.fun achieved revenues and fees of $7.07 million. Since then, revenues have declined by 92%, and fees by 86%. By the end of June, fees were only $64.47 million, amounting to less than 30% of peak values.
Traders in a Tough Spot
The situation on the platform is growing increasingly tense, as data from Dune Analytics show less than 0.01% of users managed to realize $1 million in profit over the last six months, while nearly 60% of traders have incurred losses. This casts doubt on the future of Pump.fun in the meme coin market.
The downturn in revenue and activity at Pump.fun signals a potential downfall for one of the well-known meme coin launchpads, with implications for both traders and the broader crypto industry.
