Pump.fun Revenue Drop: Lowest Day Since September

The short version

Pump.fun revenue dropped to $0.78 million at its launchpad on November 7, the lowest day since September 13 and well under the 90-day average of $1.26 million.
Rival launchpads are fading faster: their weekly volume is down 74% since early October against 46% for Pump.fun, which now handles 86% of it.
Pump.fun added a Diamond algorithm to its Callout Rewards that pays more for bigger coins, holding, perps and non-Solana tokens.
Next: the monthly 6.875 billion PUMP tranche on November 11, with PUMP just above $0.00339 support.

$0.78 million. That is what the Pump.fun launchpad earned on Saturday, November 7.

It is the smallest day since September 13, according to DefiLlama’s revenue data. The 90-day average is $1.26 million, so Saturday came in almost 40% below a normal day. Add PumpSwap, the Terminal and the mobile app, and Pump.fun revenue for the whole group was $1.13 million.

The easy read of this Pump.fun revenue drop is that traders have left for something else. They haven’t. The whole memecoin market is cooling, and the rival launchpads are cooling faster.

Solana Daily’s weekly ranking of Solana launchpads, by volume on the bonding curve, shows how lopsided the race still is:

Pump.fun did $2.68 billion in seven days. The next one, LaunchOnSF, did $107 million. Meteora and Bonk.fun did less than half of that.

The Pump.fun Revenue Drop, One Saturday at a Time

Weekends are always quieter in the trenches. That is not the worrying part.

The worrying part is the trend. Every Saturday since early October has made less than the one before it.

Pump.fun revenue on Saturdays table: $1.71M on Oct 3 falling every week to $0.78M on Nov 7, down 54% in five weeks — Pump.fun Revenue DefiLlama

Five weeks, down 54%. No single bad day. A slow leak.

The weekly view says the same. The Pump group made $10.05 million in revenue over the last seven days. In the first week of October it made $17.54 million. That is 43% less, and the launchpad alone is down 42%.

Less revenue also means smaller PUMP buybacks. Pump.fun put 50% of its revenue into buying back and burning PUMP back in April. DefiLlama counts $0.48 million of buybacks on Saturday, the least since September 6.

Is Pump.fun Losing to Its Rivals?

No. It is losing less than them.

tehcscreener.com tracks eight memecoin launchpads across Solana, Robinhood Chain, Base and Arc. Pump.fun’s weekly volume fell 46% between the first week of October and the last seven days, from $4.68 billion to $2.52 billion. The other seven together fell 74%, from $1.57 billion to $413 million.

Memecoin launchpad volume chart: pump.fun, ponsfamily, stonk and long.xyz daily volume over 90 days, from a $1.85B peak on Sep 4 to $344M on Nov 7 — Launchpad Volume tehcscreener

So Pump.fun’s slice got bigger as the market got smaller. It took 81% of launchpad volume the week before last and 86% this past week. It also launched 94% of all new tokens on those eight pads: 301,830 in seven days.

The September rush came from elsewhere. ponsfamily on Robinhood Chain and stonk on Solana took a big share of the volume in September, as the chart shows. Most of that has gone. STONK jumped 20% last week when one coin lit up its launchpad, but a single coin doesn’t refill a market.

tehcscreener’s trench index, which blends launchpad volume, launches and trading bot activity into one score from 0 to 100, read 28 on Saturday. Its label for that range is “cold”.

SIDE TRAIL: Pump.fun Revenue Briefly Topped Hyperliquid, but Hyperliquid Still Owns the Week

What Is Pump.fun Changing?

Its Callout Rewards. On the Pump.fun app, traders post a short trade idea when they buy a coin, and a daily rewards pot pays the ones whose picks do well.

The complaint has been that the old system paid for spam. Post on tiny coins, catch a volume spike, collect.

On Friday the company added a second algorithm, called Diamond, next to the old one, now called Degen. Alon, Pump.fun’s co-founder, set out the two goals:

alon @a1lon9

Over the past few days, we've been rolling out more MAJOR changes to the Callout Rewards program.

We had two goals:

1) Incentivize calls on higher market cap tokens
2) Reward users who come from different ecosystems e.g. perps & crosschain (non-SOL)

We're creating a far more

11:09 PM · Nov 6, 2026 View on X

In plain terms, Diamond pays a multiplier on bigger coins, rewards holding instead of flipping, and boosts perps and tokens from other chains. Only a small part of the daily pot goes to it for now, says Carl, the mobile app lead. The same day, callouts started posting together with the buy, so a trader’s idea shows the price they actually paid.

It is a sensible fix. It is also aimed at a different crowd. More rewards for perps and non-Solana tokens means Pump.fun wants the app to earn from more than fresh launches. With launch revenue at a two-month low, that makes sense.

Will it bring revenue back? Too early to say. Diamond is two days old.

TRAIL MAP: Market Cap, Supply and Why “Cheap” Coins Aren’t Cheap

PUMP Price: Heading for Its Lowest Weekly Close Since September

The PUMP price is $0.003647 at the time of writing. It is down 13% this week and 35% in 30 days, and 59% below its all-time high of $0.008819 from September 2025.

Start with the weekly chart. If PUMP closes the week here tonight at 00:00 UTC, it is the lowest weekly close since the week that ended September 13. Same date as the revenue low. The token and the business are telling the same story: the Pump.fun revenue drop shows up on the chart too.

PUMP price daily chart PUMPUSDT on Binance with the 50 MA at $0.00476, the 200 MA at $0.00294, resistance at $0.00466 and support at $0.00339 — PUMPUSDT Chart 1D Binance

On the daily chart, the levels are plain:

The floor: $0.00339. The swing low from mid-September, where the October run started. A daily close under it would put PUMP back where it was before that run.
The ceiling: $0.00466, with the 50-day moving average just above at $0.00476. PUMP has been under it since late October.
Below the floor: the 200-day moving average at $0.00294, more than 19% under the price.

There is also supply on the way. The team and early investors get 6.875 billion PUMP a month, about $25 million at today’s price. One tracker books it as a block on November 11, another as a daily drip. Our token unlocks this week roundup has the details. After the October tranche, PUMP fell 26% in seven days.

Revenue down, buybacks down, new supply due. The fix is two days old, and PUMP has $0.00339 to hold.

The next test is Wednesday, November 11, at 12:45 UTC, when DefiLlama expects the monthly tranche to land.

Written by

TheCryptoMonk

TheCryptoMonk has been trading since 2017 and reads the market from the top down. The focus is macro and the high timeframes: where stocks, rates and liquidity are heading, and what the weekly and monthly charts say about Bitcoin. Short-term noise matters less than the bigger trend.