Solana-based memecoin launchpad Pump.fun has recorded its strongest revenue week of 2025, reclaiming dominance in the competitive launchpad space. The platform’s growth aligns with a rebound in the broader memecoin market, even as it faces a $5.5 billion lawsuit over its business practices.

Strongest Revenue Week Since February

Pump.fun saw a remarkable surge in August after struggling through a weak July. According to data from DeFi tracker DefiLlama, the platform generated $13.48 million between 11 and 17 August, marking its best weekly performance since February this year.

This rebound followed a sharp decline earlier in the month, when Pump.fun’s revenue fell to just $1.72 million in the week ending 3 August, its lowest weekly revenue since March 2024. July as a whole became its weakest month of 2025, largely due to the broader downturn in the memecoin sector.

The revival signals not only Pump.fun’s resilience but also the enduring appetite for high-risk, high-reward trading in Solana’s memecoin ecosystem.

Memecoins Recover After Sharp Decline

Pump.fun’s revenue spike mirrors a recovery in the memecoin market. Data from CoinMarketCap showed the sector’s market capitalisation fell from $77.73 billion on 28 July to $62.11 billion on 3 August, a decline of nearly 20% that wiped out around $16 billion in value in just one week.

However, momentum returned in mid-August. By 11 August, the sector rebounded to nearly $75 billion, before settling at about $70 billion by 17 August. At present, the total memecoin market cap stands at around $66 billion, still down from July’s highs but well above the early August slump.

The market’s recovery has been crucial for Pump.fun, which depends on speculative trading activity. The platform’s performance reflects traders’ renewed confidence in memecoins after weeks of uncertainty.

Pump.fun Reclaims Solana Launchpad Top Spot

In addition to record revenues, Pump.fun has regained its leading position in Solana’s memecoin launchpad rankings.

Throughout July, a new rival called LetsBonk briefly overtook Pump.fun. The platform secured the top spot for 24-hour revenue on 7 July and maintained higher market share on multiple occasions during the month, according to Solana DEX aggregator Jupiter.

Yet Pump.fun has since reclaimed dominance. In the seven days ending 17 August, Pump.fun controlled 73.6% of the launchpad market share, with $4.68 billion in trading volume, 1.37 million traders, and over 162,000 new token mints.

By comparison, LetsBonk trailed far behind, recording just 15.3% market share, $974 million in trading volume, 511,000 traders, and a little over 6,000 token mints.

These figures confirm Pump.fun’s return as the primary gateway for Solana-based memecoin creation and trading.

Lawsuit Casts Shadow Over Growth

Despite its strong comeback, Pump.fun faces a major legal challenge. A class-action lawsuit, filed on 30 January 2025, accuses the platform of using “guerrilla marketing” tactics to create artificial urgency around volatile token launches.

The case was amended on 23 July, with plaintiffs describing Pump.fun as an “unlicensed casino”. They argue the platform’s structure mirrors a rigged slot machine, where early participants profit by selling tokens to later buyers, leaving most traders with heavy losses.

The lawsuit claims that investors have already lost $5.5 billion through Pump.fun’s token launches. While the case is ongoing, it highlights the regulatory risks faced by memecoin platforms that thrive on hype and speculation.

Still, Pump.fun’s financial success has not slowed. Data from Dune Analytics shows the platform’s lifetime revenue has surpassed $800 million, underlining its scale despite the legal battles.

Pump.fun’s resurgence has sparked renewed discussion about the role of memecoin platforms within the broader crypto economy. Solana Labs co-founder Anatoly Yakovenko recently suggested that Pump.fun could evolve into a global streaming platform, hinting at ambitions beyond its current memecoin-centric model.

For now, Pump.fun remains the clear leader in the Solana memecoin launchpad space, riding the wave of August’s market recovery. But with a multi-billion-dollar lawsuit looming, its future will depend not only on market conditions but also on how regulators and courts view its controversial business model.