Viral Memecoin Launch Drives Pump.fun to Record-Breaking $15M Daily Revenue

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A new milestone has been reached in the cryptocurrency world as Pump.fun, the popular Solana-based memecoin platform, generated an astounding $15.38 million in fees within a single day on January 24, 2025.

The record-breaking revenue surge was largely driven by the launch of Vine Coin, created by Rus Yusupov, one of the original co-founders of the former short-form video platform Vine. The coin's popularity skyrocketed after Elon Musk hinted at potentially reviving the Vine brand on X, pushing its total value to approximately $420 million.

Pump.fun, which launched in early 2024, has quickly established itself as a dominant force in the memecoin space. The platform became the fastest crypto application to reach $100 million in revenue and has processed over $4 billion in trading volume in the past two weeks alone.

The platform's success stems from its ability to launch viral memecoins like Moo Deng and Fartcoin, which have resonated with traders by tapping into cultural moments or supporting charitable causes.

However, the platform faces growing competition, particularly after Solana's DEX aggregator Jupiter acquired Moonshot. Additionally, some investors have experienced losses, prompting a U.S. law firm to consider legal action against the exchange.

Despite these challenges, Pump.fun's recent performance demonstrates its strong position in the memecoin market. The platform continues to approach a key milestone of $2.5 million worth of Solana in trading volume, reinforcing its status as a leader in the cryptocurrency space.