Pump.fun Surges to $1.31M Daily Revenue Amid Crypto Market Downturn

Sean Williams
pump.fun

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  • Pump.fun posts $1.31M daily revenue, outperforming competitors.
  • PUMP dominates Solana token graduations with 95.45% market share.
  • Technical charts show bearish pressure, but buybacks may spark recovery.

    The cryptocurrency market took a sharp hit, with the altcoin market cap plunging 12.68%. Investor sentiment was dominated by fear, and most tokens struggled to hold value. Yet, amid the chaos, Pump.fun (PUMP) stood out as a notable exception, showing resilience and growth where others faltered.

    PUMP Daily Revenue
    Source: The Block

    Pump.fun Revenue Surges

    Pump.fun posted an impressive $1.31 million in daily revenue on October 20, according to data from The Block. In contrast, competitor Moonshot managed just $17.45k on the same day. Over the past week, Pump.fun’s weekly revenue increased from $5.787 million to $6.073 million, even as total DEX sector revenue fell from $39.875 million to $30.477 million. This performance highlights Pump.fun’s unique ability to thrive during market slowdowns.

    PUMP Weekly Revenue
    Source: Token Terminal

    Dominating Token Graduations

    Pump.fun has also claimed a dominant position in Solana launchpads, commanding a 95.45% market share of token graduations. Previously, graduated tokens were routed automatically to the Raydium DEX, but following the launch of PumpSwap, Pump.fun now facilitates internal and external DEX transitions. This strategic shift reinforces its growing influence in the memecoin and DEX ecosystem.

    Also Read: Pump.fun [PUMP] Price Surges 13% on $56M Inflows as Revenue and Users Decline

    Technical Outlook for PUMP

    Despite the platform’s strong revenue performance, PUMP’s price remains under pressure. Daily charts show a bearish structure with strong resistance between $0.0048 and $0.005. The On-Balance Volume (OBV) has dipped below late September lows, signaling dominant selling pressure. The RSI further confirms that sellers currently control momentum. A successful rally above $0.0045 would mark a critical first step toward potential recovery, supported by ongoing PUMP buybacks.

    Pump.fun’s revenue growth and market dominance provide a stark contrast to broader crypto market weakness. While PUMP faces short-term technical challenges, its strategic DEX expansion and buyback initiatives offer potential catalysts for investors keeping an eye on Solana-based projects.

    Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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