Pump.fun Reclaims Solana Memecoin Launchpad Crown with $1.4B Trading Volume

Pump.fun has regained dominance as the largest memecoin launchpad on Solana, reclaiming the top spot it briefly lost to Bonk.fun in July. Over the past two weeks, Pump.fun has surged in both revenue and trading volume, highlighting a decisive shift back in its favor.

According to data from Blockworks, between August 4 and August 17, Pump.fun captured 62% of all revenue generated across Solana memecoin launchpads, totaling nearly $16.7 million. During the same period, trading volume on Pump.fun reached $1.4 billion, representing 55.6% of total market share.

The growth has been fueled by a sharp increase in token creation, with 293,192 tokens launched via Pump.fun in just two weeks, equivalent to 66% of all tokens created in that timeframe.

Losing Ground to Bonk.fun in July

Pump.fun’s resurgence comes after a difficult July, when Bonk.fun briefly overtook the platform’s dominance. Bonk.fun introduced a buyback-and-burn program for BONK, allocating 50% of its fees to burning the token and 8% to reserves. The model attracted significant user activity, with nearly 606,000 tokens created between July 1 and August 3, compared to Pump.fun’s 379,253 tokens.

Bonk.fun also saw a sharp rise in successful launches, with the number of tokens surpassing $1 million in market cap climbing by 130%. Pump.fun, in contrast, experienced a 7.5% decline. The surge in activity helped Bonk.fun capture 54% of launchpad revenue, while Pump.fun’s share fell to 24.4%.

The impact spilled into token prices as well: BONK rallied 134% in July, while Pump.fun’s PUMP token collapsed from a $4 billion FDV to $2.4 billion.

The Comeback: Buybacks and Community Engagement

Pump.fun began to reverse the trend on August 6 by adopting a more aggressive token buyback strategy. Since August 7, the launchpad has consistently repurchased at least $1 million worth of PUMP tokens daily, except for August 9.

This shift boosted investor confidence, especially after criticism around its $1 billion PUMP presale in July, which raised questions about sustainability. To date, Pump.fun has generated nearly $814 million in revenue since January 2024.

Additional momentum came from rumors of a PUMP airdrop and a post by Pump.fun co-founder Alon Cohen, who revealed plans to support community coin creation and direct platform revenue into them through the Glass Full Foundation.

Together, these catalysts helped Pump.fun re-establish market leadership, underscoring its resilience in the face of competition.

With user activity accelerating and buyback initiatives in full swing, Pump.fun appears well-positioned to maintain its dominance as the leading memecoin launchpad on Solana.