Pump.fun's monthly revenue jumped to $93 million in November, marking a 207% increase from October's $30.5 million. This follows a challenging period and despite recent declines in SOL's price, the platform shows strong liquidity with a recent deposit of 65,000 SOL tokens to Kraken.
, Pump.fun’s monthly revenue soared to an impressive $93 million in November , marking a 207% increase from October’s $30.5 million—a figure that was itself a record.
This rebound follows a challenging period in August and September when the platform’s revenues dropped by an average of 29% each month.Despite recent declines in SOL’s price, Pump.fun has demonstrated significant liquidity movements. Data from Lookonchain reveals a recent deposit of 65,000 SOL tokens, valued at $15.23 million, to Kraken.
This brings the platform’s total deposits to Kraken to 798,869 SOL, worth approximately $154 million.For those unaware, since its inception, the platform has amassed a staggering 1,526,937 SOL, equating to $362 million, reflecting its dominance and profitability in the memecoin sector., tokens launched via Pump.fun now collectively hold a market capitalization of $6.63 billion, reflecting a modest 2.9% decline over the past 24 hours.
Acknowledging the risks, Pump.fun has taken the decisive step to suspend the feature indefinitely, underscoring its commitment to fostering a safer and more inclusive community.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.
Pump.Fun Revenue $93M November SOL Memecoin Liquidity Kraken
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