After months of dominating Solana’s trading activity, memecoin creation is now showing signs of fatigue.
Recent data reveals that Pump.fun — one of Solana’s most popular memecoin launchpads — pulled in just under $25 million in revenue for July, its weakest month of 2025. That’s a steep 80% drop from the platform’s all-time high of more than $130 million recorded in January.
The slowdown has been gradual but persistent. Pump.fun revenue slid to $90 million in February, plunged to $37 million in March, and then hovered near $40 million for several months before hitting the current low. The trend reflects a broader cooldown in the memecoin sector, which had enjoyed a frenzied rally earlier this summer before sentiment shifted.
From Hype to Hesitation
In late July, memecoin market capitalization touched $85 billion, with daily trading volume peaking at $17.2 billion. By early August, those figures had sharply contracted — market cap fell by nearly a quarter to $65 billion, and 24-hour trading volume dropped 67% to $5.6 billion, according to CoinMarketCap.
The slowdown is also evident in token creation on Solana. Solscan data shows only about 34,000 new Solana Program Library (SPL) tokens were minted last Saturday, marking the lowest daily output in three months.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/solanas-memecoin-craze-loses-steam-as-pump-fun-revenue-hits-2025-low/