In July 2025, the pump.fun platform recorded its lowest monthly revenue in a year — $24.96 million. This is almost equivalent to the result of the new competitor letsbonk.fun, which earned $22.95 million during the same period.
This is reported by Business • Media
Decline in Revenue and Activity on pump.fun
According to DeFiLlama data, pump.fun’s revenue in July set a new anti-record for 2025. Launched in January 2024, the platform reached peak figures during the hype surrounding the launch of tokens named after Donald Trump and his wife — at that time, the platform achieved a historical maximum of $137.12 million. Compared to this record, the July result is nearly 82% lower. Since January 2025, revenue has steadily declined, except for a brief increase in April.
“In July, pump.fun’s revenue dropped to $24.96 million. This is only slightly more than the new project letsbonk.fun.”
In addition to the decrease in revenue, there is also a decline in trading activity. The daily trading volume on pump.fun has been consistently decreasing since the beginning of July, indicating a drop in user interest. A similar trend is observed on letsbonk.fun: the average daily revenue in July was around $600,000–$700,000, but by early August, it fell below $500,000.
Decline of the Meme Coin Market and Its Impact
Experts attribute these changes to a global decline in interest in meme coins. According to CoinMarketCap, in July, the market capitalization of the meme coin segment reached $85 billion, with a trading volume of $17.2 billion. However, by early August, these figures had dropped to $65.5 billion and $5.5 billion, respectively, indicating a decline of 23% and 68%.
It is worth noting that pump.fun recently conducted a large-scale token sale, raising $500 million in just 12 minutes. However, after this, the price of the PUMP token significantly decreased, which may have also contributed to the overall decline in activity and revenue for the platform.