Pump.fun Shatters $1B Daily Revenue, Surpasses Hyperliquid, Circle as Meme Coins Surge

Solana-based meme coin launchpad, ￰0￱ smashed past $1 billion in daily revenue on September 15th Data compiled by Jupiter revealed that ￰1￱ generated $1.02 billion, while Hyperliquid settled with $3.23 million in daily revenue during the same ￰2￱ Resurgence With this feat, ￰3￱ surpassed Hyperliquid for two days running and achieved the second-highest 24-hour revenue among different projects, with only Tether ahead. Interestingly, it also surpassed Circle’s stablecoin platform, according to ￰4￱ momentum coincided with a sharp rise in the broader meme coin market cap, which soared to $83 billion on Sunday as per ￰5￱ of now, the total market capitalization for the meme coin sector stands at $76.6 ￰6￱ growth also comes alongside Pump.

fun’s announcement, in which it revealed paying more than $4 million in Creator Rewards, with the majority going to first-time ￰7￱ in 2024, ￰8￱ enables users to create meme coins, monetizing through fees tied to token launches, initial liquidity pools, and subsequent trading ￰9￱ this year, the platform reached its revenue pinnacle, generating over $6 million in a single day during January. However, that surge was short-lived, as daily earnings plunged by more than 96%, and even reached a low point of just $206K eight months ￰10￱ of recovery began to appear later in August, and Pump. fun’s latest performance indicates renewed ￰11￱ comeback appears closely tied to Pump.

fun’s aggressive token buyback campaign for its native PUMP ￰12￱ its introduction in July, the program has absorbed $98.2 million worth of PUMP, and has effectively removed over 6% of the circulating ￰13￱ Whale Books Profits Whale investors also appear to be capitalizing on the renewed momentum surrounding ￰14￱ observed that whale AA21BS has turned a $3.4 million loss into a $3.86 million profit amid PUMP’s ￰15￱ investor initially acquired over 1.2 billion tokens through a $6.16 million investment, then sold 1 billion PUMP for $8.25 million in recent days while retaining 208.83 million tokens worth $1.77 million.