How Pump.Fun Achieved a Record $93M in Monthly Revenues?

Despite the boycott threats & backlash, Pump.Fun hit the highest revenue of $93M in November, showcasing its demand among crypto enthusiasts.
By Pooja Khardia
Published: 03 Dec, 2024 | 04:38:16 PM GMT
How Pump.Fun Achieved a Record $93M in Monthly Revenues?

Highlights

  • Pump.Fun achieved a record-breaking monthly revenue in November, marking a 207% increase from October.
  • Despite heavy backlash and revenue drop in the last week, Pump.Fun achieved $93M in revenue.
  • Solana Memecoins like PNUT, CHILLGUY, and MOODENG fueled this revenue surge.

Pump.Fun, the popular memecoin launchpad, has achieved a new milestone, attaining the highest monthly revenue in November. The platform was launched at the beginning of the year and has launched more than  4.2 million meme-themed cryptos in this period. With that, its monthly revenue has surpassed $93M, creating a new all-time high since its introduction in January. Most importantly, this has happened despite the heavy backlash and threats of boycotting in the last week of November, but it surpassed the challenges.

Advertisement
Advertisement

Pump.Fun Raised Above Backlash, Attaining $93M Revenue

In the last week of November (Nov. 25 to Dec. 1), the Pump.Fun received heavy backlash over its livestream segment due to increased explicit content on the platform. The users urged the platform to ban the Livestream due to the increased intensity of such content. The team immediately took action and removed the feature. However, in this period, the Pump.Fun revenue took a toll, decreasing almost 66% in that week compared to the previous week.

However, despite that, it has achieved the highest ever collected monthly revenue, reaching $93M in November per DeFiLlama. Interestingly, the highest revenue was collected in the third week (Nov. 18th to Nov. 24th), where the platform earned  $33.83 million. This is a 60% increase from the previous week and a whopping 400% increase since the beginning of the month. In the fourth week, it received only $11.31M, bringing the total to $93M, 207% higher than the October revenue ($30.5 million).

DeFiLlama Pump.Fun Revenue Report

With that, the cumulative revenue comes to around $240M, which is a major milestone.

Advertisement
Advertisement

How This Memecoin Launchpad Achieved This Milestone?

Pump.Fun has been constantly in the limelight either for its simple memecoin launching feature to the rising scams and boycott threats. Just recently, a Genz kid came to attention after he did a crypto pump-and-dump scam on Livestream, showcasing how easy it is to run scams by launching a new token on this platform. However, despite the odds, the memecoin launchpad is constantly rising in growth and revenue. And the biggest reason behind this is the high demand for Solana meme coins, which has offered heavy returns throughout the year.

Though this began with tokens like WIF and Popcat, the same popularity has now shifted to Pump.Fun meme tokens like CHILLGUY, PNUT, MOODENG, and many others. These are now topping the trending memecoins list. More importantly, Coingecko’s stats clearly show the platform’s launched tokens’ popularity. They have a collective market cap of $6.4B with $5.6B in trading volume.

Pump.Fun Memecoins

PNUT is leading these with a market capitalization of $1.2B and a trading volume of $2.1B. The token is trading at $1.21 after a 9% surge in the last 24 hours. Moreover, the Peanut The Squirrel controversy has fueled its hype over time.

Next in line is the CHILLGUY, trading at $0.5146 after a 32% surge. Additionally, it has a market capitalization and trading volume of $514M and $232M. Lastly, MOODENG took the internet and the crypto industry by storm. It is currently valued at $0.5455 after a 9% surge with a market capitalization and trading volume of $543M and $1.3B.

Additionally, the platform is working on continuous upgrades and fulfilling the user’s demand. It even announced the future launch of a new and advanced trading terminal with a token launch, building new demand around itself. Overall, the demand for these meme-themed cryptocurrencies and users’ interest in the platform boosted the revenue. With that, many crypto investors made heavy profits, including this trader turning $800 into $400K.

Advertisement
Advertisement

Final Thoughts

Pump.Fun is raising the odds and overcoming the backlash over the livestream’s explicit content. However, the DeFiLlama report clearly reveals the memecoin launchpad hitting an all-time high revenue at $93M. In this, the third week of the month witnessed the highest growth, whereas the last week had the lowest revenue. To many, this was concerning, but compared to the October revenue report, it is up by 200% and more.

Advertisement
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.