Pump.fun set single-day revenue record, raking in $15.5 million in fees following anniversary
Pump.fun, a Solana-based memecoin launcher, achieved a record $15.5 million in single-day revenue on January 24 driven largely by the launch of Vine Coin, which reached a $425 million market cap amid speculation about the video platform's potential revival. The platform has processed $4 billion in the past two weeks and accumulated 2.5 million SOL in fees since launch. It faces new competition from Juptier's acquisition of rival platform Moonshot and potential legal challenges from investors who experienced losses on the platform.