Pump.fun rockets past $10m weekly fees, burns 36% of PUMP supply
The gist
Solana has seized crypto’s top spot, smashing revenue and usage records in August 2026 as memecoin mania and network upgrades turbocharge its dominance.
What to know
- PUMP notched a 73% weekly price gain as its 50-day EMA crossed above the 200-day EMA, signaling bullish momentum and record 24-hour trading volumes of $429M.
- Pump.fun raked in a record $13.68M in weekly protocol fees, blasting past $1.25B in cumulative revenue since January by riding Solana’s memecoin trading frenzy.
- Aggressive buybacks and burns have removed 36% of PUMP’s supply—over $400M worth—while the token still trades 62% below its ICO price, fueling debate about sustainability.
Bullish Breakout Confirmed
PUMP’s first golden cross and surging open interest reveal deepening trader conviction, with technical and fundamental forces aligning for sustained upside.
PUMP’s first golden cross and surging open interest reveal deepening trader conviction, with technical and fundamental forces aligning for sustained upside.
Memecoin Fees Redefine Revenue
Pump.fun’s high-frequency Solana memecoin trading has vaulted it into crypto’s top revenue ranks, challenging DeFi norms by prioritizing fee generation over TVL.
Pump.fun’s high-frequency Solana memecoin trading has vaulted it into crypto’s top revenue ranks, challenging DeFi norms by prioritizing fee generation over TVL.
Aggressive Burns, Lingering Doubts
Despite burning 36% of supply and channeling half its revenue into buybacks, PUMP remains far below its ICO price, exposing the limits of deflationary tokenomics in volatile markets.
Despite burning 36% of supply and channeling half its revenue into buybacks, PUMP remains far below its ICO price, exposing the limits of deflationary tokenomics in volatile markets.
Solana’s Revenue Engine Surges
Solana’s ecosystem is thriving as innovative protocols and diversified fee streams drive network revenue to new highs, solidifying its position as Ethereum’s fiercest challenger.
Solana’s ecosystem is thriving as innovative protocols and diversified fee streams drive network revenue to new highs, solidifying its position as Ethereum’s fiercest challenger.
