Pump.fun Hits $30 Million in Revenue During Meme Coin Craze

Pump.fun has experienced a significant increase in profits, exceeding $30 million due to the rising popularity of meme coins in its particular category. The previous month has been marked by various noteworthy events related to memes, such as the comeback of Roaring Kitty, the exploitation of Pump.fun for $1.9 million, and the death of Kabosu, the beloved mascot of Dogecoin.

The cryptocurrency market has seen a surge in activity following the authorization of the Ethereum ETF 19b-4 and encouraging inflation statistics in the United States. Moreover, there has been a rise in interest for a emerging subset known as PolitiFi, which concentrates on meme coins connected to political figures, especially after the conviction of Donald Trump.

Famous individuals have recently rejoined the world of cryptocurrency, as seen with Caitlyn Jenner creating her own token on pump.fun and using Ethereum to back Trump. In addition, rapper Iggy Azalea independently launched her token $MOTHER on Solana.

Increasing Pump.fun’s revenue by boosting it

Despite facing recent challenges, Pump.fun bounced back and had its most profitable day on May 30, earning $1.48 million in revenue. The platform has accumulated a total of $31.8 million in revenue since it began, drawing in users who are interested in creating the next popular meme coin.