Pump.enjoyable Regains Prime Spot in Solana Memecoin Launchpads

Solana-based memecoin launchpad Pump.enjoyable recorded one in every of its strongest income weeks of 2025 in mid-August because the sector recovered from a dip earlier this month. 

Decentralized finance (DeFi) information tracker DefiLlama showed that Pump.enjoyable generated $13.48 million between Aug. 11 and Sunday, the platform’s strongest weekly income efficiency since February. 

The improve got here after a pointy income drop from July 28 to Aug. 3. During that point, Pump.enjoyable introduced in solely $1.72 million in weekly income, its lowest since March 2024. This contributed to the platform’s income drop in July, its lowest month-to-month income this yr. 

The drop in income coincided with a broader memecoin market decline. CoinMarketCap information showed that on Aug. 3, the memecoin sector declined to a $62.11 billion market cap, a 20% fall from its $77.73 billion valuation on July 28, wiping out almost $16 billion in per week. 

Pump.enjoyable regains high spot in Solana launchpad rankings

Pump.enjoyable’s income improve coincides with a rebound within the broader memecoin area.

According to CoinMarketCap, the memecoin sector recovered to almost $75 billion on Aug. 11 earlier than declining to $70 billion on Sunday. At the time of writing, memecoins had a complete market cap of $66 billion. 

Alongside its strongest weekly income document, the Pump.enjoyable platform additionally regained its dominance within the Solana memecoin launchpad rankings.

On July 7, a newly launched Solana platform known as LetsBonk took the highest spot for 24-hour income, surpassing Pump.enjoyable. 

According to the Solana decentralized change (DEX) aggregator Jupiter, LetsBonk’s dominance continued all through July, gaining extra market share than Pump.enjoyable on many events.

Still, Jupiter information suggests that Pump.enjoyable has reclaimed the No. 1 spot. In the final seven days, the platform had a 73.6% market share and recorded $4.68 billion in buying and selling quantity.

Furthermore, Jupiter information confirmed that the platform additionally had 1.37 million merchants and over 162,000 token mints in the course of the week. 

LetsBonk, its nearest rival, trailed with a 15.3% market share and a $974 million weekly buying and selling quantity. It had 511,000 merchants and simply over 6,000 token mints. 

Related: Nasdaq-listed agency slumps 50% on BONK memecoin treasury play

Pump.enjoyable faces $5.5 billion lawsuit

Despite regaining momentum, Pump.enjoyable is going through authorized challenges. A category-action lawsuit filed on Jan. 30 alleges the platform used “guerrilla marketing” to create synthetic urgency round risky tokens.

On July 23, the lawsuit was amended and known as the memecoin launchpad an “unlicensed casino.” The amended submitting alleged that Pump.enjoyable’s construction mimics a “rigged slot machine,” the place solely the primary few gamers win by dumping their tokens on later contributors. The lawsuit alleged that investor losses had already reached $5.5 billion. 

Despite the lawsuit, the platform continues to do effectively. According to a Dune Analytics dashboard, the platform’s lifetime income has already reached $800 million. 

Solana Labs co-founder Anatoly Yakovenko commented on the platform’s potential. On Wednesday, Yakovenko said it has a shot at constructing a worldwide streaming platform.

Magazine: Solana Seeker assessment: Is the $500 crypto telephone price it?