Pump.fun Smashes $1B Daily Revenue Milestone, Overtaking Hyperliquid and Circle Amid Meme Coin Frenzy
Meme coin mania isn't just a sideshow anymore—it's the main event rewriting crypto's revenue playbook.
Pump.fun just bulldozed past legacy giants, hitting a staggering $1 billion in daily revenue. That figure doesn't just beat competitors; it humbles them. Hyperliquid? Circle? Left watching from the sidelines as retail traders flock to the next dog-themed token.
Behind the numbers
No fancy institutional money here—just pure, unfiltered retail momentum. While traditional finance debates yield curves and inflation targets, Pump.fun's users are busy turning memes into million-dollar portfolios. The platform's surge highlights a brutal truth: in today's market, virality often trumps utility.
What’s driving the frenzy?
Speculative fever, social media hype, and the eternal hope of finding the next Shiba Inu. Forget fundamentals; this is gambling wrapped in blockchain packaging. And honestly? Wall Street could never.
Love it or hate it, Pump.fun’s billion-dollar day proves one thing: crypto’s heart still beats with the degens. Sometimes the joke’s on everyone else.
Pump.fun Resurgence
With this feat, Pump.fun surpassed Hyperliquid for two days running and achieved the second-highest 24-hour revenue among different projects, with only Tether ahead. Interestingly, it also surpassed Circle’s stablecoin platform, according to DeFiLlama.
The momentum coincided with a sharp rise in the broader meme coin market cap, which soared to $83 billion on Sunday as per CoinMarketCap. As of now, the total market capitalization for the meme coin sector stands at $76.6 billion.
The growth also comes alongside Pump.fun’s announcement, in which it revealed paying more than $4 million in Creator Rewards, with the majority going to first-time creators.
Launched in 2024, Pump.fun enables users to create meme coins, monetizing through fees tied to token launches, initial liquidity pools, and subsequent trading activity. Earlier this year, the platform reached its revenue pinnacle, generating over $6 million in a single day during January. However, that surge was short-lived, as daily earnings plunged by more than 96%, and even reached a low point of just $206K eight months later.
Signs of recovery began to appear later in August, and Pump.fun’s latest performance indicates renewed strength. This comeback appears closely tied to Pump.fun’s aggressive token buyback campaign for its native PUMP token. Since its introduction in July, the program has absorbed $98.2 million worth of PUMP, and has effectively removed over 6% of the circulating supply.
PUMP Whale Books Profits
Whale investors also appear to be capitalizing on the renewed momentum surrounding Pump.fun.
Lookonchain observed that whale AA21BS has turned a $3.4 million loss into a $3.86 million profit amid PUMP’s uptick. The investor initially acquired over 1.2 billion tokens through a $6.16 million investment, then sold 1 billion PUMP for $8.25 million in recent days while retaining 208.83 million tokens worth $1.77 million.
