Pump.fun, a platform for Solana-based memecoins, reported a revenue decline to 24.96 million USD in July 2025, down 80% from 130 million USD in January. This downturn reflects broader issues in the memecoin market.
The overall memecoin market saw a 23.5% drop in valuation, with trading volume decreasing by 67% since its July peak. The number of Solana tokens minted also hit a three-month low, illustrating decreased interest.
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