Pump.fun revenue has risen above $30 million as creators continue launching tens of thousands of memecoins on Solana each day.
Over the past month, we’ve seen a lot of meme-centric news. Roaring Kitty, the face of the 2021 meme stock rally, made his return to X. Pump.fun, the memecoin launchpad, was exploited for $1.9 million by a former employee. The face of dogecoin, the Shiba Inu Kabosu, passed away.
But if we zoom in on just the past week, the meme energy remained quite strong. For one, the new subsector PolitiFi , with memecoins linked to legislators , has once again become a hotbed of trading activity in the wake of the guilty verdict of former president Donald Trump in his hush-money trial. But Caitlyn Jenner jumped in on the scene, launching her own token on pump.fun and promoting it on both her X and her Instagram. Many people thought the accounts were possibly hacked, but she posted a video seemingly verifying it was her behind the posting. Jenner later launched the token on Ethereum, as well, and is using fees collected from it to support Trump.
Similar to the last time we saw a spike in the platform’s revenue, it is indicative of users launching a plethora of tokens, hoping to create the next memecoin that generates sizable returns.
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