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Pump.fun weekly revenue drops 66% after livestream controversy

Pump.fun weekly revenue drops 66% after livestream controversy

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Source: Coin Telegraph

Pump.fun’s weekly revenue peaked at $33 million in November before dropping to $11 million the following week.

Solana memecoin launchpad Pump.fun saw its weekly revenue drop after disabling its livestream feature in response to reports of harmful content being broadcast. 

The Solana memecoin generator’s revenue began November with an upward trajectory before it peaked in the fourth week. 

From Nov. 18–24, DefiLlama data shows the memecoin launchpad generated $33.83 million in revenue for the week. This represents a 60% increase compared to the previous week and an almost 400% increase compared to the start of the month. 

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Author: Ezra Reguerra