Pump.fun Hits a Record $15.5M in Daily Fees
January 24 was a landmark day for Pump.fun, with the platform raking in $15.5 million in fees. Over the past two weeks, it processed $4 billion in transactions, and since its launch just over a year ago, it has collected a total of 2.5 million SOL in fees.
On this page
Since its debut on January 19, 2024, Pump.fun has revolutionized how memecoins are created. The New York State Department of Financial Services has described this emerging trend as “sentiment-based virtual currencies.”
Built on the Solana blockchain, Pump.fun rapidly became one of the most popular crypto platforms, generating $100 million in revenue within just 217 days. Memecoins launched on the platform, such as Moo Deng and Fartcoin, capitalize on internet culture trends, fund creative projects, or—occasionally—raise concerns among investors. Despite these challenges, Pump.fun’s mechanisms to ensure fair launches have significantly contributed to its rapid success.
On January 24, the platform reached a new pinnacle. According to DefiLlama, Pump.fun earned $15.38 million in fees in a single day—a historic record for the platform.
Daily Revenue Trends for Pump.fun Since Launch. Source: defillama.com
ALT: Pump.fun’s daily revenue chart. – The Coinomist
This record was partially fueled by the frenzy surrounding Vine Coin, a new memecoin launched by Rus Yusupov, one of the three co-founders of the now-defunct short-form video platform Vine. The coin debuted amid growing speculation about a possible revival of the Vine brand.
X owner Elon Musk hinted at the potential return of the Vine brand on his platform. An X software engineer further revealed internal discussions about rebranding the app’s “Videos” tab to “Vine.” For context, Twitter acquired Vine in 2012 but shut it down in 2017.
Vine Coin launched on January 23, 2025, and within just 12 hours, its market capitalization soared past $500 million. At the time of publication, VINE's market cap sits at $297 million, with the token trading on decentralized exchanges like Raydium, Orca, and Meteora.
Pump.fun: A Cure for Poverty or a Crypto Casino?
While success stories from trading or launching memecoins have enthralled the crypto community, the reality is far less glamorous for most investors. Data shows that the majority of users lose money trading memecoins, with only 0.4% of Pump.fun participants reportedly earning over $10,000.
Despite the lack of regulation in the memecoin market, some disgruntled investors are seeking to recover their losses. Lawyers from Burwick Law are preparing a lawsuit against Pump.fun on behalf of affected parties.
The lawsuit alleges that the platform failed to adequately inform users about the risks involved in trading memecoins and may have played a role in artificially creating hype around certain tokens.
This legal action could set a significant precedent for the crypto industry, potentially prompting stricter regulatory oversight, particularly for high-risk assets like memecoins, which are often used for speculation or, in some cases, outright fraud.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
