ChainCatcher news, according to DL News, Pump.fun allows users to create and launch their own memecoins. As of November 24, its daily revenue has grown fivefold to $5 million. However, this week the site's revenue dropped by a third to $3.6 million.

Later this Monday, Pump.fun announced a ban on live streaming features. DefiLlama data shows that from Sunday to Monday, its revenue decreased by about $1.5 million, marking the largest single-day price fluctuation since DefiLlama began collecting data on the platform in March.