Meme tokens with record profits reach new heights

In November, the Pump.fun platform achieved significant success, with its monthly revenue reaching $93 million, according to DeFi Llama. This marks a 208% increase compared to the previous month. The company’s total profit since launch has reached $247 million, demonstrating strong interest in the project.

Meme tokens on the rise

According to analytics platform Dune, Pump.fun users have issued over 4.2 million meme tokens to date. The total market capitalization of these tokens has exceeded $6.5 billion, based on data from CoinGecko.

In October, Pump.fun announced the launch of its own token and introduced the Pump Advanced trading terminal designed for experienced traders. The new platform features were well-received, likely contributing to the growth in revenue.

A hit to platform revenues

However, at the end of November, the streaming shutdown led to a one-third drop in revenue, highlighting the importance of additional features for the platform’s operation. Pump.fun remains a prominent player in the meme token space thanks to its strong earnings, but future growth will depend on its adaptability and the implementation of new solutions.