According to Deep Tide TechFlow news on November 7, The Block reported that Pump.fun set a new monthly revenue record of $30.5 million in October 2024, a 111% month-over-month increase, surpassing the previous record of $28.64 million set in July. This growth reversed a trend of an average decline of 29% over the previous two months.
On-chain data shows that as of November 7, 2024, the platform's fee income account transferred 36,400 SOL (approximately $6.75 million) to Kraken exchange, just 5 days after the last cash-out. Statistics show that Pump.fun has accumulated a total of 1.14 million SOL in fee income so far. Of this, approximately 745,400 SOL (worth $118.68 million) has been sold at an average price of $159.
Among them, the GOAT token, 'supported' by the AI account @truth_terminal on platform X, reached a market value of $920 million on October 24, setting a record for the platform. Additionally, the market values of AI concept tokens such as GNON, fartcoin, and ACT reached $190 million, $83 million, and $74 million respectively.
Although some token prices have fallen more than 50% from their peak, interest in emerging meme coins remains strong. For example, the PNUT coin, leveraging the viral topic of the squirrel P'nut, once reached a market value of $130 million.
