The post How Pump.Fun Achieved a Record $93M in Monthly Revenues? appeared on BitcoinEthereumNews.com.

Pump.Fun, the popular memecoin launchpad, has achieved a new milestone, attaining the highest monthly revenue in November. The platform was launched at the beginning of the year and has launched more than  4.2 million meme-themed cryptos in this period. With that, its monthly revenue has surpassed $93M, creating a new all-time high since its introduction in January. Most importantly, this has happened despite the heavy backlash and threats of boycotting in the last week of November, but it surpassed the challenges. Pump.Fun Raised Above Backlash, Attaining $93M Revenue In the last week of November (Nov. 25 to Dec. 1), the Pump.Fun received heavy backlash over its livestream segment due to increased explicit content on the platform. The users urged the platform to ban the Livestream due to the increased intensity of such content. The team immediately took action and removed the feature. However, in this period, the Pump.Fun revenue took a toll, decreasing almost 66% in that week compared to the previous week. However, despite that, it has achieved the highest ever collected monthly revenue, reaching $93M in November per DeFiLlama. Interestingly, the highest revenue was collected in the third week (Nov. 18th to Nov. 24th), where the platform earned  $33.83 million. This is a 60% increase from the previous week and a whopping 400% increase since the beginning of the month. In the fourth week, it received only $11.31M, bringing the total to $93M, 207% higher than the October revenue ($30.5 million). With that, the cumulative revenue comes to around $240M, which is a major milestone. How This Memecoin Launchpad Achieved This Milestone? Pump.Fun has been constantly in the limelight either for its simple memecoin launching feature to the rising scams and boycott threats. Just recently, a Genz kid came to attention after he did a crypto pump-and-dump scam…

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Filed under: News - @ December 4, 2024 1:26 am