Memecoins Drive Solana’s Leading Launchpad Back to the Top

The memecoin market made a strong comeback in mid-August 2025, with Solana-based launchpad Pump.fun recording its best revenue week of the year. According to DeFi data trackers, the platform earned $13.48 million between August 11–17, its highest since February.

This marks a dramatic recovery from early August, when Pump.fun saw its lowest revenue in 17 months, generating just $1.72 million in the week ending August 3. That drop aligned with a broader memecoin crash, where the sector’s market cap fell by nearly $16 billion in a single week, dropping from $77.73 billion to $62.11 billion.


Pump.fun Regains Market Dominance

As memecoins rebounded, Pump.fun also reclaimed its No. 1 position among Solana launchpads. Data shows the platform captured 73.6% market share over the last week, with a massive $4.68 billion in trading volume.

In that same period, Pump.fun attracted:

  • 1.37 million traders
  • Over 162,000 new token mints

Its nearest competitor, LetsBonk, trailed with a 15.3% share and under $1 billion in trading volume. Despite briefly overtaking Pump.fun in July, LetsBonk has since fallen behind as traders returned to Pump.fun for new memecoin launches.

While the sector has yet to fully regain July highs, memecoins are stabilizing. CoinMarketCap data shows the market recovered to nearly $75 billion on August 11, before pulling back slightly to $70 billion. As of this week, the total memecoin market cap stands at $66 billion.

This rebound highlights that, despite their volatility, memecoins continue to attract massive trading activity, particularly on Solana’s fast, low-cost network.


Lawsuit Casts Shadow Over Growth

Amid the record-breaking week, Pump.fun faces serious legal challenges. A $5.5 billion class-action lawsuit filed in January accuses the platform of using “guerrilla marketing” tactics and operating like an “unlicensed casino.”

The amended filing in July compared the system to a “rigged slot machine”, claiming only early entrants profit, while later participants suffer losses. Plaintiffs allege billions have already been lost by retail traders.

Despite the lawsuit, Pump.fun’s growth has not slowed. Data shows the platform has already generated over $800 million in lifetime revenue, securing its status as one of the most profitable projects in the Solana ecosystem.


Looking Ahead

Solana Labs co-founder Anatoly Yakovenko has even suggested Pump.fun could evolve into a global streaming-style platform, hinting at broader ambitions beyond memecoins.

For now, Pump.fun’s resurgence demonstrates the resilience of memecoins in crypto markets. With billions in volume and millions of traders, memecoins remain one of the most active and risky sectors in decentralized finance—and Pump.fun is firmly back at the center of it.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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