@plasendorse
July was perhaps Pump.fun's darkest moment of the year, reflected not only in the widespread negative publicity and the subsequent price drop of its tokens, but also in multiple data points. According to Dune data , fewer than 10,000 tokens were created daily on the Pump.fun platform in July, and the weekly token graduation rate plummeted to a new low of 0.58%. Pump.fun's revenue also declined, reaching a new low of $251,788 on August 2nd , its lowest daily revenue since May 2024. The price of PUMP also hit a low of $0.0022 at the end of July, halving its $4 billion valuation to $2 billion in just one month.
LetsBonk quickly gained ground in the competition, surpassing Pump.fun in terms of platform user activity and token trading volume in July to become the number one meme issuance platform.
0 reply
0 recast
0 reaction