CryptoSlate • October 8th 2026, 10:00 PM
PumpFun is making millions from a market where 81% of memecoins crashed 90%
Key Summary
Pump.fun, a Solana token launchpad, continues to generate millions in revenue despite most memecoins suffering steep losses, with 81% of selected memecoins falling at least 90% from their all-time highs. The platform's revenue comes from trading fees, while memecoin holders face uncertain recovery prospects.
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Economic Exposure on Pump.fun
Pump.fun's fee structure distributes portions of trading income among the protocol, creators, and liquidity-related recipients. This creates a different economic exposure for traders compared to the platform itself.Pump.fun's Revenue Streams
The platform generates revenue from trading fees, which totalled about $52.5 million in the past seven days. This includes fees paid by traders, as well as revenue from the PUMP token, which has a route through buybacks and burns.The PUMP Token
The native PUMP token has a mechanism for buybacks and burns, giving it exposure to activity across the broader platform. However, this mechanism does little to directly benefit investors holding separate memecoins.User Payouts and Rewards
Pump.fun says it is widening the share of platform economics reaching users. Alon Cohen, the memecoin launchpad co-founder, stated that over 140,000 users collectively received about $4.46 million over a recent 24-hour period.Distinction Between Rewards
The payouts support Pump's argument that the platform is increasingly distributing trading economics rather than retaining them entirely at the protocol level. However, the three categories of rewards - creator fees, callout rewards, and holder rewards - reward different participants and do not automatically reach every person holding a Pump-launched asset.#PumpFun#Solana#Memecoin#Crypto#US