PumpFun remains Solana’s most profitable protocol despite token slump
The PumpFun project on the Solana blockchain has generated almost $1 billion in revenue over two years, establishing itself as the network’s highest-earning protocol. Its ICO raised $1.3 billion at a $4 billion valuation, with token sales amounting to $714 million, ranking as the third-largest sale in crypto history.
Source X
However, the PumpFun token price has dropped significantly—60% below its ICO price and 80% below its all-time high. The project’s founder has not tweeted for over two months, raising questions about future developments. Still, the team might be preparing new moves despite the fading meme coin trend.
Moving forward, it will be critical to see if the team can rekindle project momentum and regain investor confidence, given PumpFun’s proven profitability on Solana.
