Pump.Fun, a decentralized platform that has been a key part of the memecoin trend since it launched on January 19, 2024. Built on Solana, Pump.Fun broke records by earning $100 million in revenue within 217 days. It gained global attention with viral tokens like Moo Deng and Fartcoin, becoming a hotspot for memecoin enthusiasts. Pump.Fun mixes cultural trends with blockchain technology , changing how people see and use memecoins in crypto. Pump.Fun Breaks Records with Vine Coin On January 24, 2025, Pump.Fun set a new milestone, amassing $15.38 million in daily fees. This achievement was driven by Vine Coin, a memecoin created by Rus Yusupov, co-founder of the now-defunct Vine video platform. The coin’s launch coincided with rumors of Vine’s revival under Elon Musk’s X brand, propelling Vine Coin to a market cap of $425 million before stabilizing. Pump.fun has reached $4 billion in trading volume over two weeks and almost 2.5 million SOL tokens in total volume. It continues to lead the memecoin market with its impressive growth. Pump.Fun Faces Backlash Amid Memecoin Success Behind the viral success stories, Pump.Fun’s rapid rise has not come without challenges. Many investors have suffered losses in the volatile memecoin market, prompting a U.S. law firm to explore legal action against the platform. Despite its efforts to ensure transparency and legitimacy, Pump.Fun faces criticism for the speculative nature of its offerings. Last year, the platform also faced strong criticism after disturbing incidents were shown on its livestream feature. It was criticized for allowing troubling behavior and raising concerns about moderation and responsibility. This backlash led to the shutdown of the livestream , which had initially allowed users to promote their tokens. The immediate effect of the suspension was a noticeable drop in user engagement. Jupiter’s Moonshot Deal Challenges Pump.Fun’s Lead The memecoin market is growing rapidly, with new players entering the scene. One such player is Jupiter, a Solana-based decentralized exchange (DEX) aggregator, which recently acquired the rival platform Moonshot. This move signals a growing challenge to Pump.Fun’s dominance in the memecoin space. Although Moonshot has not reached Pump.Fun’s scale yet, the acquisition highlights the increasing competition in the market. Pump.fun now faces pressure to keep innovating and growing its platform. This is crucial to maintain its lead and stay relevant as new competitors rise. The post Pump.Fun Lead Memecoin Market in Epic 1 Year Record appeared first on TheCoinrise.com .
