Pump.fun’s Daily Fees Hit Record $15.4 Million

On January 24, the fee volume of the “meme-token factory” Pump.fun, based on Solana, reached $15.4 million — the highest in its history, according to Dune Analytics.

The protocol’s activity was fueled by the buzz surrounding Vine Coin.

The coin was created by Rus Yusupov, co-founder of the mobile application of the same name, which emerged in 2012. Twitter acquired it that same year. However, the service could not compete with Instagram, Snapchat, and YouTube, and closed in October 2016.

Elon Musk also mentioned in one of his posts that he is considering the possibility of bringing back Vine.

BREAKING: Elon Musk says X is looking into bringing back Vine. pic.twitter.com/dISGcy5D3Y

— Sawyer Merritt (@SawyerMerritt) January 19, 2025

In the past two weeks, Pump.fun processed transactions worth $4.16 billion.

Since its launch just over a year ago, users have deployed 6.7 million tokens on the platform, paying 2.5 million SOL in fees.

The number of unique addresses has risen to 11.6 million.

By the end of December 2024, only 14,026 tokens out of the 1.2 million launched (1.16%) reached the bonding curve and were listed on the decentralized exchange Raydium.

In January, the New York law firm Burwick Law announced the preparation of a lawsuit against Pump.fun on behalf of investors who lost “significant sums” in meme-coins.