In style Solana-based Launchpad Pump.enjoyable began 2025 with a record-breaking $15 million each day income amid the continuing frenzy surrounding memecoins. The sector continues to be the best-performing narrative of the cycle, driving hundreds of thousands into the palms of traders.
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Pump.Enjoyable Sees Report-Breaking Every day Income
Memecoins have been this cycle’s largest narrative, with Solana-based tokens stealing the highlight all through 2024. This development is seemingly set to proceed this yr after Solana’s launchpad Pump.enjoyable noticed a record-breaking efficiency on January 1st, 2025.
Final yr, Pump.enjoyable cemented itself as the most well-liked token launcher for simplifying the creation of memecoins and facilitating token deployment. Throughout Q3 2024, the launchpad surpassed Ethereum and most Solana protocols, doubling the charges and income of those initiatives.
The exceptional success of Pump.enjoyable noticed the creation of a number of rivals, together with the Tron-based SunPump and multi-chain platform GraFun. Regardless of being banned within the UK in December, the launchpad’s efficiency remained regular, recording a each day income between $2 million and $3 million all through the month.
As of this writing, the platform has deployed 5.39 million tokens since its launch and generated over 2.02 million SOL in income, value $418.7 million at present costs. Furthermore, the Solana launchpad began 2025 with a brand new record-breaking day, surpassing its earlier milestone.
In line with Dune Analytics information, Pump.enjoyable registered 72,506 SOL, round $15 million, in each day income this Wednesday. This efficiency represents an almost 30% improve from the 55,000 SOL recorded in late November.
Moreover, the launchpad continued to dominate Solana decentralized trade (DEX) transactions final month. Dune information reveals that Pump.fun-related transactions accounted for 52.8% of all SOL DEX transactions in December.
Memecoin Mania Continues Regardless of Criticism
The platform’s success has additionally introduced heavy criticism. On the finish of 2024, Pump.enjoyable obtained criticism after a number of customers broadcasted dangerous and violent content material utilizing its Livestream function.
In late November, customers created quite a few memecoins utilizing controversial prompts to turn out to be viral and pump their tokens. The development began after a 12-year-old livestreamed himself rugging a memecoin.
Amid the livestream chaos, the Solana launchpad registered its largest income day, recording 55,832 SOL, value round $11 million, in a single day. Nevertheless, the incident resulted in backlash from the crypto group and the short-term shutdown of the function.
Furthermore, on-chain information evaluation agency Lookonchain reported that Pump.enjoyable deposited over 355,608 SOL to Kraken over the last day. This brings the whole tokens despatched to the trade to 1,564,064 SOL and the quantity offered to 264,373 SOL for 41.64 million USDC.
The platform’s transfers and sell-offs have additionally obtained vital backlash, with group members driving comparisons between the Solana-based launchpad and the Ethereum Basis.
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Nonetheless, the memecoin narrative continues to dominate the crypto market, with the “Solana Meme” class on CoinGecko recording a 12.5% improve to a market capitalization of $20.9 billion within the final 24 hours, suggesting that the development is more likely to lengthen.
Newer gamers like ai16z (AI16Z) and Fartcoin (FARTCOIN) noticed an 8.9% and 43.7% each day surge to hit new all-time highs (ATHs) on January 2nd. Finally, these comparatively new tokens have stolen the sector’s highlight, making it to the highest 10 memecoin checklist in report time.
Featured Picture from Unsplash.com, Chart from TradingView.com
