Pump.fun, a Solana-based platform, is preparing for the launch of its utility token PUMP, which will be available for purchase starting July 12, 2025. However, it is also experiencing a significant revenue decline.
Details of PUMP Token Launch
The launch of the PUMP token on Pump.fun will begin on July 12, 2025, and will last for three days. A total of 150 billion tokens will be available at $0.004 each. Sales will take place on the Pump.fun website and on Gate.com on a first-come, first-served basis, making up 15% of the total supply of 1 trillion tokens.
Platform Revenue Decline
Despite the upcoming token launch, Pump.fun has faced a significant revenue drop. Data from DeFi Llama shows that average daily revenue fell to $533,410 on July 6, with fees below $922,890. From a peak of $7.07 million on January 23, revenue has decreased by 92% and fees by 86%. By June, revenues were only $39.08 million.
Competition in the Memecoin Market
Pump.fun is now facing renewed competition from the new LetsBonk platform, which has quickly surpassed Pump.fun in terms of tokens created. Notable new memecoins such as Fartcoin and Peanut the Squirrel have emerged on Pump.fun, highlighting the increasing dynamics within the memecoin market.
With the upcoming launch of the PUMP token, the Pump.fun platform is operating under conditions of declining user interest and revenues, raising questions about its future market position.
