Main Points:
- July revenue at $24.96 million marks Pump.fun’s lowest monthly intake of 2025.
- Total revenue down 80 % from January’s $130 million peak.
- Meme coin market cap slumps from $85 billion on July 23 to $65 billion by August 5.
- 24-hour trading volume plummets 67 % from $17.22 billion to $5.59 billion.
- New SPL tokens on Solana dropped to 34,040 on August 2, the lowest daily issuance in three months.
1. Pump.fun’s Revenue Rollercoaster
Pump.fun—a Solana-based platform for minting meme coins—saw its monthly revenue tumble to just $24.96 million in July 2025, the lowest this year. After peaking at $130 million in January, revenue slid to $90 million in February and $37 million in March. From April through June, revenues plateaued around $40 million, before the sharp drop in July.
Insert Figure 1: Monthly Revenue of Pump.fun (Jan–Jul 2025) here
This steep decline underscores waning interest in meme-coin creation, as early-year exuberance gives way to market fatigue.
2. Market Cap and Trading Volume Head South
In late July, analysts speculated a bullish turn as meme-coin market capitalization reached $85 billion and 24-hour trading volume topped $17.22 billion. However, by August 5, capitalization had fallen to $65 billion (–23.5 %), and volume plunged to $5.59 billion (–67 %).
Insert Figure 2: Meme Coin Market Capitalization here
Insert Figure 3: 24h Meme Coin Trading Volume here
The rapid swing from peak activity to significant contraction reflects a broader cooling in speculative demand.
3. Token Issuance on Solana Fades
Solscan data reveal that on August 2, 2025, only 34,040 new SPL tokens were minted on Solana—the lowest daily total in the past three months. By comparison, average daily issuances were roughly 50,000 in May, 45,000 in June, and 40,000 in July.
Insert Figure 4: Daily New SPL Tokens Minted here
This decline in new token creation signals that developer and community engagement in launching meme-coin projects has cooled.
Conclusion
After a blistering start to 2025, the meme-coin sector shows clear signs of deceleration. Pump.fun’s revenue has dropped by 80 % since January, and broader market metrics—capitalization, trading volume, and token issuance—are all in retreat. For crypto enthusiasts hunting new assets or practical blockchain uses, these trends suggest a need for caution: meme coins may no longer deliver the explosive returns of early 2025. Diversifying into utility-backed tokens or exploring DeFi applications could offer more stable opportunities in the current market climate.
