PumpFun is making millions from a market where 81% of memecoins crashed 90%
Pump.fun generated about $18.6 million in protocol revenue over the seven days through Oct. 7, despite severe losses across established memecoins. A Talos study found 81% of a selected sample had fallen at least 90% from peak; only five of 151 tokens remained above their first-day price, and meaningful rebounds were uncommon. Pump earns from trading across its ecosystem, so new launches and traders rotating out of fading coins can sustain revenue without reviving older tokens. The platform directs some proceeds to PUMP buybacks and burns and reports millions in creator, promoter and holder rewards, but these payments do not guarantee gains or compensate every token holder. Individual investors still depend on renewed demand and liquidity for the coin they own.
