Odaily Planet Daily reported on June 27 that the average daily fee on pump.fun last week (June 10-14) was approximately US$870,000. However, the platform’s average daily fee fell to about $605,000 this week, down 30% from the previous week. This drop is likely primarily attributable to the adverse impact of broader market conditions, as well as a general lower risk appetite among users as SOL prices fell 2.21% during the week. This significant drop in risk appetite is particularly important for a platform like pump.fun, as it represents the most extreme point of the risk curve in the industry. The assets involved and deployed on the platform are often of the most speculative nature, attracting participants looking to make quick profits, but who are also quick to retreat to avoid risks when the market deteriorates. Furthermore, the significant drop in revenue compared to the previous week indicates a corresponding decrease in token deployments and overall activity, which may indicate that the platform and the tokens it hosts have reached a state of saturation. As too many new coins are deployed, demand and attention may reach a point where the platform cannot keep up with the deployment of new coins.
