In what can only be described as a slightly absurd turn of events, Solana-based meme coin launchpad, Pump.fun, has somehow managed to break through the $1 billion daily revenue barrier on September 15th. Yes, you read that right-$1 billion. That’s not a typo, folks. Jupiter’s data reports that Pump.fun managed to bring in a cool $1.02 billion, while Hyperliquid-bless its little heart-could only muster up $3.23 million in daily revenue. Well, isn’t that just adorable?
Pump.fun Resurgence
In an unexpected (or perhaps completely expected) plot twist, Pump.fun has now outperformed Hyperliquid for two days straight, hitting the second-highest 24-hour revenue among all projects. Only Tether is ahead of them. But hey, don’t feel bad for Hyperliquid-there’s always next quarter, right?
And as if that wasn’t enough, Pump.fun also managed to leapfrog Circle’s stablecoin platform, according to DeFiLlama. It’s like watching your friend pass you on a treadmill you didn’t even know was running.
The meme coin market has been on a bit of a joyride, with its market cap soaring to a ridiculous $83 billion on Sunday, as reported by CoinMarketCap. Currently, the meme coin sector sits at a more “modest” $76.6 billion. Honestly, who even thought meme coins would become this important? Not your grandma, I bet.
To add a cherry on top, Pump.fun revealed it’s been paying out more than $4 million in Creator Rewards, mostly to first-time creators. I bet those creators are looking at their bank accounts in utter disbelief, wondering if they’ve somehow stumbled into an alternate reality where this is all real.
Launched in 2024, Pump.fun allows users to create their own meme coins, profiting through token launch fees, liquidity pools, and subsequent trading. Earlier this year, Pump.fun hit a revenue high, generating over $6 million in a single day during January. But, true to the volatile nature of crypto, those earnings plummeted faster than a reality TV star’s career, dropping over 96%, and even sinking to a low of $206K just eight months later. Oh, the drama!
But fear not, dear reader, for signs of recovery began emerging in August. And here we are now-Pump.fun has managed to claw its way back, and it seems like things are looking up again. This resurgence appears to be largely due to Pump.fun’s aggressive buyback campaign for its native PUMP token, which has gobbled up $98.2 million worth of PUMP tokens since July. And let’s not forget-it’s effectively removed over 6% of the circulating supply. So yeah, it’s kind of a big deal.
PUMP Whale Books Profits
Meanwhile, the whales are having a field day, swimming happily in the sea of Pump.fun’s renewed momentum. Lookonchain reported that whale AA21BS turned a $3.4 million loss into a $3.86 million profit, as PUMP continues its upward trend. This whale initially bought over 1.2 billion tokens for $6.16 million, then sold 1 billion PUMP tokens for $8.25 million, all while holding onto 208.83 million tokens worth $1.77 million. If this were a Hollywood movie, this whale would be the protagonist in a rags-to-riches story.
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2025-09-16 16:30