• Pump.Enjoyable’s charge revenues drop by 83% from its peak in simply three months.
• Buying and selling quantity on the platform drops by greater than 75% amid slowing down within the memecoin market.
• The platform faces further challenges with fraud issues, safety breaches and authorized points.

Final yr, Pump.Enjoyable, Solana’s central platform for Meme Coin Increase, has been steadily declining in protocol charge income and general buying and selling quantity. Present knowledge reveals a extreme distinction from early peak exercise in 2025.

As of March 28, Pump.Enjoyable’s protocol charge income was $1.2 million, in line with Defillama knowledge. It is a vital drop from January when income was $7.07 million. Particularly, that is down 83% from an all-time excessive in simply three months.

That is barely improved from the close to 671k lows reported final week, however the sharp decline highlights a major contraction in consumer exercise. At the moment, the platform faces substantial losses in each revenues and market presence throughout the Solana Meme Coin ecosystem.

Associated: Pump.Enjoyable: For this reason they launched their very own Dex, Pumpswap

Does decline replicate a slower tempo within the broader meme coin market?

In the meantime, Pump.Enjoyable’s buying and selling quantity has additionally declined sharply. As of Friday, the each day quantity was $97.21 million in comparison with $390.3 million in January. This reduces the height by greater than 75%.

Pump.Enjoyable’s decline in income and buying and selling quantity is a part of a broader slowdown within the Meme Coin market, which had skilled main progress in 2024.

A report from Binance revealed that Meme Cash was the best-performing crypto subsector in 2024, with a median of over 212%. Solana turned the blockchain for Meme Coin Buying and selling, with Pump.Enjoyable enjoying a key position.

In 2024, Pump.Enjoyable accelerated the launch of greater than 5.7 million new Meme Coin initiatives, producing greater than $400 million in income.

Associated: Solana-based Pump.Enjoyable will turn out to be the highest participant for Meme Token Deployment

Nonetheless, market sentiment seems to have modified dramatically in 2025. Many now see sectors which are typically common initially with “honest launches” alternatives which are perceived as more and more stuffed with dangers of fraud and manipulation.

Platform catastrophe: account hacks and securities litigation add stress

Along with platform points, Pump.Enjoyable itself has been compromised lately. On February 26, the platform’s official Pump.enjoyable X account was hacked and used to advertise a fraudulent token named pretend governance token.

Associated: Pump.enjoyable hit in a category motion lawsuit accused of securities violations

Individually, Pump.Enjoyable has turn out to be the goal of investor litigation, which is able to start in January. One lawsuit alleges that the platform’s easy token launch course of facilitated the creation and promotion of unregistered securities, claiming influencers had been deceptive and leading to losses for buyers. The lawsuit seeks to buy tokens, damages and withdrawal of attorneys’ charges.

This follows an analogous earlier lawsuit that accused Pump.enjoyable of permitting it to advertise inappropriate content material by the platform, along with allegedly breaching securities legislation.