In one of the most surprising turns for the cryptocurrency market this year, Solana’s Pump.fun has seen its revenue plummet 95% in March of 2025. Indeed, the meme coin creation platform has fallen drastically since it was surging early to start the year and into February.
The downturn has been rather shocking for many. Specifically, last month, it has seen daily fee revenue reach heights of 12,000 SOL, or $2 million. Yet, that is now averaging at 1,000 SOL a day, or just $100,000 in daily revenue through the first 18 days of the month.
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Pump.fun Struggles as Daily Fee Revenue Falls to Just $100,000
In early 2025, the meme coin market had been thriving. Moreover, that success had been seen in Solana’s Pump.fun meme coin creator platform. Indeed, in January, the platform kicked off the new year with $14 million in revenue. However, things have fallen quite far since.
The success of the entity continued into February. Yet, Solana’s Pump.fun saw its daily fee revenue plummet a remarkable 95% in March of this year. The development shows a shifting trend for the business. Dune Analytics previously noted that its January 2025 revenue of 72,506 was a 30% jump from its November 2024 top.
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As of this week, the platform’s cumulative fee revenue is estimated to be nearing $600 million. However, much of that had been transferred or sold completely. Moreover, the dropping interest in Pump.fun is likely a byproduct of the meme coin market slowing drastically.
The arrival of 2025 has come with a decline in interest in the meme coni sector. Solana had been a key part of the meme coin craze that saw the asset class skyrocket in value in late 2024. However, that has not carried over into the month of March, as things are expected to continue slowing down.