Pump.Fun Hits $93M in November Revenue, Totaling $240M

Pump.fun, the Solana-based memecoin generation and trading platform, has experienced an extraordinary surge in monthly revenue. In November, the platform hit an all-time high of over $93 million. This remarkable leap, representing a 207% increase from October’s record of $30.5 million, signals a resurgence in investor interest and platform activity. As of now, Pump.fun’s cumulative revenue stands at $240 million, solidifying its place as a leading player in the memecoin space. Pump.fun Saw A Dramatic Reversal in Performance After experiencing a decline in revenues in August and September, recording an average drop of 29% each month, Pump.fun made a strong recovery in November. The platform’s ability to recover from this slump demonstrates the volatile yet promising nature of memecoin trading. It shows that fluctuations are common but can lead to significant rewards for those who engage with it at the right moment. Notably, Pump.fun celebrated a milestone of $100 million revenue for its developers in September. This happened after all Pump.fun developers requested a 1% fee on all transactions completed on the memecoin launchpad. Pump.fun Deployed Over 4 Million Tokens Pump.fun has deployed over 4.2 million memecoins, according to Dune Analytics. The platform’s success is not just in the volume of tokens it generates but also in the market capitalization of these tokens. As of the latest figures from CoinGecko, the total market cap of memecoins launched via Pump.fun stands at $6.63 billion. While this represents a 2.9% dip in the past 24 hours, the performance of certain tokens revealed the platform’s dynamic and its profitable potential. Memecoins like Peanut the Squirrel have risen 10% in the last 24 hours, gaining 900% over the past month. Similarly, Moondeng has surged by 99% in a single day, with a more than 285% increase over the past month. However, Act I: TThe AI Prophecy has led the way with a staggering 3,500% increase in the last 30 days. These massive gains show the speculative nature of memecoin investing, where big rewards come with high risks. Pump.fun’s New Features and Token Launch Plans Pump.fun has launched Pump Advanced, a new trading terminal. This new add is packed with features like charts, top holder stats, advanced filters, and live-updating threads, catering to professional traders. The platform also hinted at an upcoming token launch, marking a significant step in its growth. The announcement of Pump Advanced and the forthcoming token launch has generated significant buzz in the memecoin community. This has attracted new users eager to take advantage of the platform’s advanced tools and upcoming opportunities. These updates are a key part of Pump.fun’s broader strategy to re-engage users following the shutdown of its live streaming platform. The post Pump.Fun Hits $93M in November Revenue, Totaling $240M appeared first on TheCoinrise.com .