The memecoin creation platform Pump.fun set a new revenue record on Friday, January 25, generating $15.38 million in fees for its developers. Pump.fun was launched on January 19, 2024, and in just one year, it has reshaped the world of memecoins.
Pump.fun’s Highest Fees Record
Built on Solana, Pump.fun quickly gained traction, becoming the fastest crypto app to reach $100 million in revenue in just 217 days.
On January 25, 2025, the platform hit a new milestone, generating $15.38 million in fees in a single day.
This record was especially propelled by the launch of Vine Coin, a new memecoin by Rus Yusupov, co-founder of the now-defunct video platform Vine. The hype around Elon Musk’s hints about reintroducing Vine on the X platform further ignited excitement. As a result, Vine Coin’s market cap shot up to nearly $425 million at one point, but this hype helped Pump.fun achieve this record-breaking day.
Over the past two weeks, Pump.fun has processed over $4 billion in trading volume and is nearing 2.5 million SOL tokens traded, as reported by Dune. Despite these successes, the platform has faced criticism. Many investors have lost money trading memecoins, and a U.S. law firm is now considering legal action on behalf of affected users. Things changed for Pump.fun especially after viral memecoins, like Moo Deng and Fartcoin, turned into internet culture trends. Some memecoins also raised money for various causes via Pump.fun, while other memecoins just sparked controversy on the platform due to scams.
Also Read: Pepe Price Prediction: Can PEPE Reclaim its All-Time High?
Credit: Source link