Pump.fun Reaches $30 Million in Revenue on Solana 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 past month, we’ve seen a lot of meme-centric news. Roaring Kitty, the face of the 2021 GameStop rally, income at X. Pump.fun, the coin launch pad, was exploited for $1.9 million by a former employee. The face of Dogecoin, the Shiba Inu Kabosudeceased.

Crypto walk was also brought back by the enthusiasm generated by the shock endorsement of the spot Ethereum ETF 19b-4 approvals and some more encouraging inflation data released in the US this month.

But meme fuel remained strong if we zoom in on last week. On the one hand, the new sub-sector PolitiFi (Political financing), with coins linked to lawmakers only by name, with no official affiliation, has once again become a hotbed of commercial activity following former President Donald Trump’s guilty verdict in his secret trial.

Perhaps the most exciting news is that celebrities appear to be back on the crypto bandwagon. Several high-profile celebrities appear to have dabbled in crypto in 2021 and 2022, at the height of the bull market, but then dropped the topic as the hype faded.

But Caitlyn Jenner entered the scene by launching her own token on pomp.fun and promote it both on his X and on his Instagram. Many people thought the accounts might have been hacked, but she posted a video confirming she was behind the post. Jenner then launched the token on Ethereum (ETH), and uses the fees collected to support Trump.

Rapper Iggy Azalea too spear its $MOTHER token independently on Solana, apparently to applaud a promoter who was trying to launch an IGGY token.

Increase Pump.fun revenue

Although only Jenner seems to have used pump.fun for her Solana (GROUND) coin, the energy of the meme was transcendent. Although it was mined less than two weeks ago, Pump.fun bounced back and recorded its highest revenue on May 30, bringing in $1.48 million.

Like the last time we saw an increase in platform revenue, this indicates that users are launching many tokens, hoping to create the next coin that generates significant returns.

According to DeFiLlama, Pump.fun has generated $31.8 million in revenue since going live. This is not surprising, as it is the home of new tokens on Solana: almost half a million were created in the last month alone.

Screenshot of DeFiLlama’s current Pump.Fun earnings

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