Pump.fun Revenue Falls 50% After Crypto Crash, Raising Solana Selling Pressure Concerns

Pump.fun’s revenue has declined by 53% to $27.3 million in November from September’s $58.9 million, following a $19 billion crypto market crash in October that reduced speculative investor interest in memecoins. The platform has transferred $436 million in USDC to Kraken since mid-October, indicating cash-outs amid falling trading activity. Pump.fun’s monthly revenue dropped below $40 […]

Source: https://en.coinotag.com/pump-fun-revenue-falls-50-after-crypto-crash-raising-solana-selling-pressure-concerns