Solana Meme Coin Launchpad Pump.fun Surges with Record Revenue of $14M as Market Experiences Bullish Cycle

Pump.fun ecosystem tokens are also seeing significant rallies, as meme coins like GOAT, MOODENG, and CHILLGUY are all up by more than 10% on the day.

Solana-based meme coin launchpad Pump.fun had an exceptional start to 2025, achieving a major milestone by generating over $14 million in revenue on January 2. This surge in revenue is largely attributed to the fresh bullish cycle in the meme coin market.

On Thursday, the platform managed to achieve 72,506 SOL in fees, which translates to over $14 million as Solana is currently trading above $200. Notably, ecosystem tokens of Pump.fun are also seeing significant rallies, with meme coins like GOAT, MOODENG, and CHILLGUY all surging by more than 10% for the day.

Pump.fun Surges with Record Revenue, Despite Criticisms

The $14 million figure marks Pump.fun’s highest daily revenue since it was launched. Despite facing various criticisms and challenges throughout 2024, Pump.fun has seemingly become the go-to platform for meme coin creators.

Moreover, the platform maintained its dominance in Solana decentralized exchange (DEX) transactions. According to data from Dune Analytics, Pump.fun was responsible for 52.8% of all Solana DEX transactions in December.

Data from Lookonchain further reveals that Pump.fun transferred 292,437 SOL tokens, which is valued at over $55 million, to Kraken on January 2. It appears that the platform is attempting to capitalize on SOL’s bullish price action for profits.

So far, the platform has deposited 1.5 million SOL tokens to Kraken, with 71,356 SOL tokens left in its holdings.

Pump.fun’s Record Revenue, Sol Meme Coins

Since its launch earlier in 2024, Pump.fun has seen some incredible success with Solana meme coins like PNUT, GOAT, and FARTCOIN. These projects achieved some of the highest gains in 2024, despite the extreme volatility.

Although the crypto market has seen liquidations in the past few weeks, it seems like traders are seeing the new year as a fresh entry point. The rise in Pump.fun revenues suggests growing interest and activity in the meme coin space. The platform’s millions in revenue indicate a strong demand for meme coins among traders.

Meanwhile, Pump.fun ecosystem tokens have seen notable rallies today, according to CoinGecko data. Fartcoin surged by over 45% for the day, reaching an all-time high at $1.45. The total market cap of Pump.fun tokens have also crossed $9.5 billion.

Pump.fun’s Dominance Despite UK Ban, Criticisms

Despite the challenges from last year, Pump.fun’s dominance suggests that traders are still relying on the platform. On December 3, the UK’s Financial Conduct Authority (FCA) released a statement announcing that Pump-fun is unauthorized to target UK users. Following this warning, the platform has restricted all services in the United Kingdom. The website itself cannot be accessed in the country now.

Additionally, the platform’s live stream feature has also received backlash after users broadcasted extreme and harmful activities. One notable incident involved a developer promoting self-harm if his cryptocurrency reached a $25 million market cap.

Separately, in November, it was reported that nearly 90% of users who traded meme coins launched from Pump.fun either lost their investment or made less than $100 in profits.