How Pump.Fun Achieved a Record $93M in Monthly Revenues?

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As a seasoned analyst with years of experience navigating the tumultuous waters of the crypto market, I must say that the resilience and success of Pump.Fun in the face of adversity is nothing short of remarkable. Despite the backlash and threats of boycotting, the platform managed to not only survive but thrive, achieving an all-time high monthly revenue of $93M in November.

Pump.Fun, the well-known memecoin launchpad, recently hit a significant achievement – it recorded the highest monthly income in November, reaching over $93 million. Launched earlier this year, the platform has successfully launched over 4.2 million meme-themed cryptos during this timeframe. This impressive revenue figure marks a new peak since its debut in January. Notably, this success was attained amidst strong criticism and boycott threats towards the end of November, but it managed to overcome these obstacles.

Pump.Fun Raised Above Backlash, Attaining $93M Revenue

During the last week of November (November 25th through December 1st), Pump.Fun faced intense criticism over its livestream segment due to an increase in explicit content on their platform. Users demanded that the Livestream be banned because of the growing intensity of such content. Quickly responding, the team removed the feature. Unfortunately, this action led to a significant drop in revenue for Pump.Fun, with earnings decreasing by almost 66% during that week compared to the previous one.

Despite hitting an all-time high monthly revenue of $93M in November, as reported by DeFiLlama, it’s worth noting that the most significant earnings were accumulated during the third week (from Nov. 18th to Nov. 24th), amounting to a staggering $33.83 million. This represents a substantial 60% jump from the previous week and an astounding 400% rise since the start of the month. The fourth week saw a decrease, earning only $11.31M, but this still added up to the total revenue of $93M – a massive 207% increase compared to October’s revenue of $30.5 million.

With that, the cumulative revenue comes to around $240M, which is a major milestone.

How This Memecoin Launchpad Achieved This Milestone?

Pump.Fun has consistently been a topic of discussion, whether it’s due to its straightforward mechanism for launching memecoins or the increasing instances of scams and threats of boycotts. Notably, a young individual garnered attention when he executed a crypto pump-and-dump scheme live on stream, demonstrating how effortless it can be to carry out frauds by introducing a new token on this platform. However, against all odds, the memecoin launchpad is consistently growing in popularity and earnings. The primary reason for this growth is the high demand for Solana meme coins, which have delivered substantial returns throughout the year.

Initially, meme tokens like WIF and Popcat were the talk of the town, but currently, Pump.Fun meme tokens such as CHILLGUY, PNUT, MOODENG, and several others are taking over. These newcomers have become the stars of the memecoin trend. Furthermore, it’s worth noting that Coingecko’s data demonstrates a surge in popularity for their launched tokens. With a combined market cap of $6.4B and $5.6B in trading volume, they are making quite an impact.

In simple terms, PNUT stands out with a market value of approximately $1.2 billion and a daily trading volume of around $2.1 billion. At present, each token is being traded at about $1.21, marking an increase of 9% in the last day. Additionally, the ongoing Peanut The Squirrel debate has been contributing to its growing popularity over time.

Up next we have CHILLGUY, which is now priced at $0.5146 following a significant jump of 32%. It boasts a market cap and trading volume of $514 million and $232 million respectively. On the other hand, MOODENG has been creating quite a buzz in both the internet and crypto spheres. Currently, it is worth $0.5455 after a 9% increase. Its market cap and trading volume stand at $543 million and an impressive $1.3 billion.

Furthermore, the system is consistently enhancing its features to meet user expectations and has plans for a future release of an advanced trading interface, complete with a token launch. This development is generating fresh demand. In summary, the popularity of meme-based cryptocurrencies and increased user engagement on the platform have significantly increased revenue. Consequently, numerous crypto investors have made substantial profits, including one trader who transformed $800 into $400,000.

Final Thoughts

Pump.Fun is successfully navigating criticism about its livestream’s adult content and achieving greater success, as evidenced by a record-breaking $93M in revenue from their memecoin launchpad. This month’s third week saw the most growth, whereas the final week had the least income, which initially raised concerns, but when compared to October’s report, there has been a 200% increase and more.

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2024-12-03 19:38