Summary
- Pump.fun reportedly recorded its lowest monthly revenue this year.
- Last month’s revenue was $24,960,000, marking a decrease of more than 80% compared to January.
- The revenue decline is said to indicate that investor sentiment in the meme coin market is falling.
It has been revealed that Pump.fun, a meme coin launchpad based on Solana (SOL), recorded its lowest monthly revenue this year.
On the 4th (local time), Cointelegraph—a media outlet specializing in virtual assets (cryptocurrencies)—reported, citing DeFiLlama data, that “Pump.fun’s revenue last month reached $24,960,000, marking a decline of more than 80% compared to the $130,000,000 recorded in January this year.”
According to data from DeFiLlama, Pump.fun’s revenue has shown a steady decrease since the beginning of the year.
The media outlet explained that “the sharp decline in Pump.fun’s sales suggests that overall investor sentiment in the meme coin market is falling.”
YM Lee
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