Solana-based memecoin launchpad Pump.enjoyable recorded its strongest income week of 2025 in mid-August because the memecoin sector recovers from a dip earlier this month.
Decentralized finance (DeFi) knowledge tracker DefiLlama exhibits that Pump.enjoyable generated $13.48 million between Aug. 11 and 17, the platform’s strongest weekly income efficiency since February.
The rise got here after a pointy income drop from July 28 to Aug. 3. Throughout that point, Pump.enjoyable introduced in $1.72 million in weekly income, its lowest since March 2024. This contributed to the platform’s income drop in July, its lowest month-to-month income for this yr.
The drop in income coincided with a broader memecoin market decline. CoinMarketCap knowledge confirmed that on Aug. 3, the memecoin sector dropped to a $62.11 billion market cap, a 20% decline from its $77.73 billion valuation on July 28, wiping out almost $16 billion in only a week.
Pump.enjoyable regains prime spot in Solana launchpad rankings
Pump.enjoyable’s income improve coincides with a rebound within the broader memecoin area.
In keeping with CoinMarketCap, the memecoin sector recovered to almost $75 billion on Aug. 11 earlier than declining to $70 billion on Aug. 17. On the time of writing, memecoins have a complete market cap of $66 billion.
Alongside its strongest weekly income document, Pump.enjoyable platform additionally regained its dominance within the Solana memecoin launchpad rankings.
On July 7, a newly-launched Solana platform referred to as LetsBonk took the highest spot for 24-hour income, surpassing Pump.enjoyable.
In keeping with the Solana decentralized trade (DEX) aggregator Jupiter, LetsBonk’s dominance continued all through July, gaining extra market share than Pump.enjoyable on many events.
Nonetheless, Jupiter knowledge means that Pump.enjoyable has reclaimed the primary spot. Within the final seven days, the platform had a 73.6% market share and recorded $4.68 billion in seven-day buying and selling quantity.
Moreover, Jupiter knowledge confirmed that the platform additionally had 1.37 million merchants and over 162,000 token mints in the course of the week.
LetsBonk, its nearest rival, trailed with a 15.3% market share and a $974 million weekly buying and selling quantity. It additionally solely had 511,000 merchants and simply over 6,000 token mints.
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Pump.enjoyable faces $5.5 billion lawsuit
Regardless of regaining momentum, Pump.enjoyable can be going through authorized challenges. A category-action lawsuit filed on Jan. 30 alleged the platform used “guerrilla advertising” to create synthetic urgency round unstable tokens.
On July 23, the lawsuit was amended and referred to as the memecoin launchpad an “unlicensed on line casino.” The amended submitting alleged that Pump.enjoyable’s construction mimics a “rigged slot machine,” the place solely the primary few gamers win by dumping their tokens on later individuals. The lawsuit alleged that investor losses had already reached $5.5 billion.
Regardless of the lawsuit, the platform continues to do effectively. In keeping with a Dune Analytics dashboard, the platform’s lifetime income has already reached $800 million.
Solana Labs co-founder Anatoly Yakovenko additionally just lately commented on the platform’s potential. On Wednesday, Yakovenko mentioned the platform has a shot at constructing a worldwide streaming platform.
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