Pump.fun Rakes in $300M Fees YTD as Memecoin Mania Defies Bitcoin’s Slump
While Bitcoin bled out this year, Pump.fun’s token-launching playground minted cash like a Wall Street ATM—proving once again that degenerate gambling outpaces ’serious’ crypto every time.
The platform’s fee haul exposes the dirty secret of this cycle: retail traders would rather YOLO on shitcoins than HODL ’digital gold.’ And who can blame them? At least memecoins deliver entertainment between rug pulls.
Behind the scenes: Creator royalties and trading fees created a self-sustaining ecosystem—one that keeps printing money whether BTC is at $30K or $300K. The ultimate irony? This unregulated casino might be crypto’s most profitable business model.
Pump.fun Defies Broader Market, Bitcoin
The Pump.fun ecosystem has decoupled from the broader cryptocurrency market in the latest corrections.
According to data from CoinMarketCap, tokens launched on the Solana-based platform saw a 3.5% increase in their cumulative market cap, surpassing the $3 billion mark.
The rise in Pump.fun tokens comes as the global crypto market capitalization declined by 1% to $2.95 trillion, per CMC data.
Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B also registered a 1.4% correction from a local high of $96,000 and is currently hovering around $94,700.
The latest correction came due to the overheated market conditions and the fear of missing out, also known as FOMO. Bitcoin’s rise back above the $95,000 mark can potentially push the broader market with it, targeting the crucial $100,000 price point for the digital gold.
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