Pump.fun Shatters $1B Daily Revenue, Surpasses Hyperliquid, Circle as Meme Coins Surge
Solana-based meme coin launchpad, Pump.enjoyable smashed previous $1 billion in each day income on September fifteenth
Data compiled by Jupiter revealed that Pump.enjoyable generated $1.02 billion, whereas Hyperliquid settled with $3.23 million in each day income throughout the identical interval.
Pump.enjoyable Resurgence
With this feat, Pump.enjoyable surpassed Hyperliquid for 2 days operating and achieved the second-highest 24-hour income amongst completely different tasks, with solely Tether forward. Interestingly, it additionally surpassed Circle’s stablecoin platform, in accordance with DeFiLlama.
The momentum coincided with a pointy rise within the broader meme coin market cap, which soared to $83 billion on Sunday as per CoinMarketCap. As of now, the full market capitalization for the meme coin sector stands at $76.6 billion.
The development additionally comes alongside Pump.enjoyable’s announcement, wherein it revealed paying greater than $4 million in Creator Rewards, with the bulk going to first-time creators.
Launched in 2024, Pump.enjoyable allows customers to create meme cash, monetizing by way of charges tied to token launches, preliminary liquidity swimming pools, and subsequent buying and selling exercise. Earlier this yr, the platform reached its income pinnacle, producing over $6 million in a single day throughout January. However, that surge was short-lived, as each day earnings plunged by greater than 96%, and even reached a low level of simply $206K eight months later.
Signs of restoration started to appear later in August, and Pump.enjoyable’s newest efficiency signifies renewed energy. This comeback seems carefully tied to Pump.enjoyable’s aggressive token buyback marketing campaign for its native PUMP token. Since its introduction in July, this system has absorbed $98.2 million price of PUMP, and has successfully eliminated over 6% of the circulating provide.
PUMP Whale Books Profits
Whale buyers additionally look like capitalizing on the renewed momentum surrounding Pump.enjoyable.
Lookonchain observed that whale AA21BS has turned a $3.4 million loss right into a $3.86 million revenue amid PUMP’s uptick. The investor initially acquired over 1.2 billion tokens by way of a $6.16 million funding, then bought 1 billion PUMP for $8.25 million in current days whereas retaining 208.83 million tokens price $1.77 million.
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