Pumpfun

Pump.fun, once a leading force in the memecoin space, is now facing one of its toughest moments. According to DeFiLlama, daily revenues dropped below $300,000 on July 28—marking the platform’s lowest level since September 2024. In comparison, Pump.fun was handling over $7 million in daily volume as recently as January.
Though numbers slightly rebounded in the days that followed, the broader trend remains downward—raising questions about what’s driving the decline.

💥 Legal Issues Intensify
Earlier this July, a revised class-action lawsuit was filed in New York by users claiming financial losses due to alleged fraud. The suit accuses Pump.fun of operating a rigged system, where insiders manipulated token launches and trading to siphon profits from regular users.
More recently, allegations have expanded to include bank fraud and even extortion, further increasing legal pressure on the platform.

📉 Users Exit as New Competitors Rise
Another factor behind the decline is a significant user exodus toward emerging competitors. A standout among them is LetsBonk, a new Solana-based platform launched in April that offers similar tools for easy token creation.
According to Dune Analytics, Pump.fun's dominance in Solana token deployment has plummeted nearly 70% over the past month. In one 24-hour window, LetsBonk recorded over 20,000 new tokens, while Pump.fun managed just a fraction—barely 4,600.

🪙 The PUMP Token Falters
Pump.fun’s troubles have been worsened by the poor performance of its native token, PUMP. After a short-lived post-launch surge, the token fell roughly 30% this week and 59% over the past month, severely damaging community confidence.
Active wallet addresses also dropped sharply—from a January peak of 425,000 to about 65,000, contributing to lower trading volume and revenues.

❌ Losses Outweigh Gains for Most Users
In June, it was reported that over 60% of Pump.fun traders experienced significant losses, with approximately 2.4 million wallets losing at least $1,000. More than 30,000 wallets recorded losses between $10,000 and $100,000, and 46 wallets lost over $1 million each.

What’s Next?
Despite still holding a notable position in the memecoin launch space, Pump.fun is facing serious challenges—from legal threats and declining engagement to fierce competition. Whether the platform can regain its momentum remains to be seen in the coming weeks.

#pumpfun , #memecoins , #CryptoNews , #defi , #Web3

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Meet Pump.fun (PUMP) — the Solana-based meme‑coin launchpad token that’s been drawing massive traction:

🔹 Current Price: ~$0.00270 USD per PUMP
– CoinGecko: $0.002695 (up ~3.3%)
– CoinMarketCap: $0.002768 (up ~11.6%)

🔄 24‑Hour Volume: $450M–$530M USD — among top trending tokens

📊 Market Cap: ~$950M; Circulating Supply: ~354B PUMP (of 1T max)

🚀 Platform Basis: Users can mint meme coins on Solana easily. PUMP is essential token powering the ecosystem

Why it matters:

Recently trending on CoinGecko top search list alongside Treehouse and Ika

High speculation in memecoin space, but heavy volatility remains

Analysts and media cover meme tokens again (e.g. Little Pepe, Floki, Dogwifhat are seen as breakout contenders)

Your Move: Would you take a high-risk entry early with small allocation or prefer to wait for clarity on utility/partnerships before investing?

👇 Let me know: Buy / Hold / Skip?


#PUMPtoken #pumpfun #memecoin #solana #crypto