Pump.fun ഡെഡ് ആയോ?

🔍 What Made Pump.fun Blow Up?

Launched in January 2024, Pump.fun allowed anyone to create a memecoin with just one click.

You paid a tiny fee in SOL, and boom — your token was live on a bonding curve.

The platform earned money by taking a 1% fee on each buy and sell, plus a small cut from its PumpSwap liquidity system.

At its peak in May 2024, Pump.fun made over $2 million per day, even beating Ethereum and Coinbase some days.

By November, it was raking in $106 million per month, and by July 2025 it had crossed $730 million in total revenue.

🚀 Massive Sale, Massive Hype

On July 12, 2025, they launched their official token — $PUMP. It sold 125 billion tokens for $500 million in just 12 minutes.

Tokens were locked for 72 hours, creating major FOMO. Earlier, they had raised $700 million privately, bringing the project’s total raise to $1.2 billion and a rough valuation of $4 billion.

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📉 The Big Crash

But while the ICO was heating up, the real usage was cooling down. By the end of July, daily revenue had dropped below $300k — a 92% collapse from January. The hype was huge, but the fundamentals weren’t.

• 98% of launched tokens became pump-and-dump schemes.

• The platform got banned in the UK by the FCA.

• A US class-action lawsuit alleges it sold unregistered securities.

Worst of all? Pump.fun started losing creators.

🥊 Enter: LetsBonk

In April 2025, a new Solana-based launchpad called LetsBonk entered the scene — and it was smarter.

It gave back 1% of fees to the BONK community, did token burns, and integrated with multiple DEXs.

By July, it was hosting 58% of Solana token launches, while Pump.fun dropped to just 15%.

Revenue? LetsBonk made $1M/day, while Pump.fun barely touched $200k.

🔁 Is Pump.fun Dead? Not Yet.

To fight back, Pump.fun started using 100% of its daily fees for $PUMP buybacks in late July. The price jumped temporarily. But buybacks alone won’t save them.

They may need to:

• Share fees with creators and holders

• Expand to chains like Ethereum

• Clean up the scams and tighten content rules

• Win the court cases (or settle quietly)

🚨 Why This Matters

• Memecoins aren’t jokes anymore — they’re billion-dollar experiments.

• Pump.fun grew faster than Coinbase’s early years but failed to hold trust.

• LetsBonk showed that community-first design wins.

• If regulators crack down hard, the entire meme launchpad sector could get rekt.