Overview

• Pump.fun’s monthly revenue tumbled to $24.96 million in July, an 80 percent drop from its January high of more than $130 million, according to DeFiLlama.
• The launchpad has spent about $23 million on daily PUMP repurchases over the past week, contributing to the token’s 30 percent-plus price rebound.
• Solana’s memecoin market cap contracted from $85 billion in late July to roughly $65 billion by early August, with 24-hour trading volume plunging 67 percent to $5.6 billion and new SPL token minting at a three-month low.
• User engagement on Pump.fun fell sharply, with daily traders down 62 percent to 129,000 and trading volume off 56 percent to $150 million since early July.
• Competitor LetsBonk has captured about 80 percent of new Solana memecoin launches versus Pump.fun’s 15 percent, though Pump.fun briefly led daily token creations on August 6.