Monthly earnings at Pump.fun skyrocket to a staggering $93 million
The meme-token platform Pump.fun, built on the Solana blockchain, has reported a revenue of $93 million in November, according to data from DeFiLlama. This figure represents a significant increase of 208% compared to October's revenue for Pump.fun.
In October, the team behind Pump.fun announced plans to launch a native token and introduced the Pump Advanced trading terminal, designed for experienced traders. However, the source for this information is not specified.
As of November, the cumulative revenue of Pump.fun stood at $247 million, but this figure decreased due to the temporary disablement of the platform's streaming feature at the end of the month. This move led to a one-third decline in Pump.fun's revenue.
The identity of the team behind Pump.fun is not explicitly named in the available information, but it is known that a former senior developer associated with the platform, Jarett Dunn, pleaded guilty to a $2 million Solana heist linked to Pump.fun.
It's worth noting that the total market capitalization of tokens generated through Pump.fun, as reported by CoinGecko, remains over $6.5 billion. No new information about a change in this figure is provided.
Unfortunately, the revenue figure for November for Pump.fun is not provided in this report. The impact of the streaming feature's re-enablement on the platform's future revenue remains to be seen.
Stay tuned for more updates on Pump.fun and the meme-token market.
