Recent data reveals that Pump.fun — one of Solana’s most popular memecoin launchpads — pulled in just under $25 million in revenue for July, its weakest month of 2025. That’s a steep 80% drop from the platform’s all-time high of more than $130 million recorded in January.
The slowdown has been gradual but persistent. Pump.fun revenue slid to $90 million in February, plunged to $37 million in March, and then hovered near $40 million for several months before hitting the current low. The trend reflects a broader cooldown in the memecoin sector, which had enjoyed a frenzied rally earlier this summer before sentiment shifted.
In late July, memecoin market capitalization touched $85 billion, with daily trading volume peaking at $17.2 billion. By early August, those figures had sharply contracted — market cap fell by nearly a quarter to $65 billion, and 24-hour trading volume dropped 67% to $5.6 billion, according to CoinMarketCap.
The slowdown is also evident in token creation on Solana. Solscan data shows only about 34,000 new Solana Program Library (SPL) tokens were minted last Saturday, marking the lowest daily output in three months.
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