TechFlow news, on November 7, according to The Block, Pump.fun achieved a record monthly revenue of $30.5 million in October 2024, an 111% increase month-on-month, surpassing the previous high of $28.64 million set in July. This growth reversed a prior two-month downward trend with an average decline of 29%.
On-chain data shows that on November 7, 2024, the platform's fee revenue wallet transferred 36,400 SOL (approximately $6.75 million) to Kraken exchange, just five days after its last cash-out event. To date, Pump.fun has accumulated a total fee revenue of 1.14 million SOL, of which approximately 745,400 SOL (worth $118.68 million) have been gradually sold at an average price of $159.
Among the tokens, GOAT—backed by the AI agent account @truth_terminal on X—reached a market capitalization of $920 million on October 24, setting a new record for the platform. Additionally, AI-themed tokens such as GNON, fartcoin, and ACT also reached market caps of $190 million, $83 million, and $74 million respectively.
Although prices of some tokens have dropped more than 50% from their peaks, market interest in emerging meme coins remains strong. For example, PNUT coin briefly reached a $130 million market cap, fueled by the viral squirrel P'nut meme.
