Pump.fun Falls From Grace: Meme Coin Empire Crashes and Burns (You Won’t Believe How Far!)

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There was a time, not terribly distant, when the echoing halls of Pump.fun resounded with the clang of golden coins and the delirious squeals of victorious degens. Alas, fortune is a fickle coquette. The meme coin launchpad—a fixture of crypto’s ill-thought-out renaissance—has watched its revenues swan-dive some 92% from those ribald heights, leaving its devotees clutching spreadsheets and ever-fainter dreams of instant riches. 🚀💸

What was once a river of fees has, according to the implacable tallymen of the blockchain, become a genteel trickle. Each day brings a more dismal sum, revealing the gradual atrophy of this Solana-fuelled house of cards. Oh, how the mighty have withered!

With the pitiless glare of DeFi Llama data, we observe: on July 6, the daily revenue scraped together just $533,410—a figure likely to provoke tears of laughter from those who remember the days of $7.07 million. Fees meekly limped in below $922,890, the sort of sum that once wouldn’t have paid for the platform’s afternoon gin. For the first time since that optimistic spring of March 2025, the fee tally blushed beneath a million. 🍸

Cast your mind’s eye to the halcyon dawn of January 23, when Pump.fun strutted with $7.07 million flung about with wild abandon. Now, with revenue down by 92% and fees by 86%, the only thing getting pumped is a sense of nostalgia—and, presumably, the platform’s oxygen tanks as its relevance slowly asphyxiates.

Yes, there was a final, flamboyant gasp at the end of March—a $6.6 million fee day that might inspire a Broadway revival, if only anyone still cared—but revenues failed to match, crawling stubbornly below $2.05 million. The Solana meme coin empire, once the toast of the crypto demi-monde, is now mostly toast. 🥖

Pump.fun on the decline

In January, the platform boasted a monthly haul of $137.12 million (revenues and fees indulging in a brief love affair). Cue the present day, and the sums are as limp as a dodgy martini: June ended below $64.47 million in fees while revenue pouted at just $39.08 million—a mere 30% of former glory. 🍹

The tragedy began in February, as trading volume plummeted (down 63%, for those who fancy arithmetic). The memecoin parade drew celebrities like moths to a flame, resulting in the expected blaze—namely, rampant scams. 👩‍🎤💥

Data from Dune analytics, for those with a taste for black comedy, show that less than 0.01% of users reached the fabled $1 million profit mark within six months—so exclusive you’d sooner spot Lord Lucan behind the bar. Meanwhile, nearly 60% of the rabble marched straight into losses, egged on by hollow dreams. Tensions, naturally, run high; questions abound: Has Pump.fun turned irrevocably into Pump.done? 🎭

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2025-07-07 16:23