Solana-based memecoin launchpad Pump.enjoyable recorded its strongest income week of 2025 in mid-August because the sector recovered from a dip earlier this month.
Decentralized finance (DeFi) knowledge tracker DefiLlama confirmed that Pump.enjoyable generated $13.48 million between Aug. 11 and Sunday, 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 solely $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 this 12 months.
The drop in income coincided with a broader memecoin market decline. CoinMarketCap knowledge confirmed that on Aug. 3, the memecoin sector declined to a $62.11 billion market cap, a 20% fall from its $77.73 billion valuation on July 28, wiping out practically $16 billion in every week.
Pump.enjoyable regains high spot in Solana launchpad rankings
Pump.enjoyable’s income improve coincides with a rebound within the broader memecoin house.
In keeping with CoinMarketCap, the memecoin sector recovered to just about $75 billion on Aug. 11 earlier than declining to $70 billion on Sunday. On the time of writing, memecoins had a complete market cap of $66 billion.
Alongside its strongest weekly income file, the Pump.enjoyable platform additionally regained its dominance within the Solana memecoin launchpad rankings.
On July 7, a newly launched Solana platform known as LetsBonk took the highest spot for 24-hour income, surpassing Pump.enjoyable.
In keeping with the Solana decentralized alternate (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 No. 1 spot. Within the final seven days, the platform had a 73.6% market share and recorded $4.68 billion in 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 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 is dealing with authorized challenges. A category-action lawsuit filed on Jan. 30 alleges the platform used “guerrilla advertising and marketing” to create synthetic urgency round unstable tokens.
On July 23, the lawsuit was amended and known 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 members. The lawsuit alleged that investor losses had already reached $5.5 billion.
Regardless of the lawsuit, the platform continues to do properly. In keeping with a Dune Analytics dashboard, the platform’s lifetime income has already reached $800 million.
Solana Labs co-founder Anatoly Yakovenko commented on the platform’s potential. On Wednesday, Yakovenko mentioned it has a shot at constructing a worldwide streaming platform.
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