Pump.fun Sets Single-Day Revenue Record, Rakes in $15.5M in Fees After Anniversary

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Pump.fun, the Solana-based meme factory, just hit a jaw-dropping milestone. On January 24, the platform raked in $15.5 million in fees in just one day. That’s right – memes are big business now. The timing couldn’t have been better, as the platform was celebrating its one-year anniversary, and traders went all in, chasing tokens like Vine Coin and more.

The Vine Coin craze definitely played a big role. Rus Yusupov, co-founder of the original Vine app, launched the token, and Elon Musk spiced things up by teasing a Vine revival. The hype sent Vine Coin’s market cap soaring to $425 million before it came crashing back to earth, as these things often do.

Pump.fun isn’t just about hype, though. Over the past two weeks, it’s processed a massive $4 billion in trading volume, and since launching in 2024, it’s earned 2.5 million SOL in fees – about $250 million at today’s prices. For a platform churning out coins with names like Moo Deng and Fartcoin, those are some serious numbers. One thing Pump.fun does right is requiring token creators to lock liquidity upfront, which helps cut down on rug pulls. It’s not perfect, but it gives traders a little peace of mind.

Of course, memecoins come with their share of drama. A U.S. law firm is already gathering investors burned by bad meme tokens for potential lawsuits. Meanwhile, Solana’s DEX giant, Jupiter, is buying up rivals like Moonshot, trying to take on Pump.fun. But after a $15.5 million day, Pump.fun doesn’t seem too worried.

Memecoins might be ridiculous, but they’re addictive. People love the risk and the rush, and Solana is becoming the go-to playground for these shenanigans.

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