Pump.enjoyable Shatters $1B Every day Income, Surpasses Hyperliquid, Circle as Meme Cash Surge

Solana-based meme coin launchpad, Pump.enjoyable smashed previous $1 billion in every day income on September fifteenth

Knowledge compiled by Jupiter revealed that Pump.enjoyable generated $1.02 billion, whereas Hyperliquid settled with $3.23 million in every day income throughout the identical interval.

Pump.enjoyable Resurgence

With this feat, Pump.enjoyable surpassed Hyperliquid for 2 days working and achieved the second-highest 24-hour income amongst totally different initiatives, with solely Tether forward. Curiously, it additionally surpassed Circle’s stablecoin platform, in accordance with DeFiLlama.

The momentum coincided with a pointy rise within the broader meme coin market cap, which soared to $83 billion on Sunday as per CoinMarketCap. As of now, the whole market capitalization for the meme coin sector stands at $76.6 billion.

The expansion additionally comes alongside Pump.enjoyable’s announcement, through which it revealed paying greater than $4 million in Creator Rewards, with the bulk going to first-time creators.

Launched in 2024, Pump.enjoyable allows customers to create meme cash, monetizing by charges tied to token launches, preliminary liquidity swimming pools, and subsequent buying and selling exercise. Earlier this 12 months, the platform reached its income pinnacle, producing over $6 million in a single day throughout January. Nevertheless, that surge was short-lived, as every day earnings plunged by greater than 96%, and even reached a low level of simply $206K eight months later.

Indicators of restoration began appearing later in August, and Pump.enjoyable’s newest efficiency signifies renewed energy. This comeback seems intently tied to Pump.enjoyable’s aggressive token buyback marketing campaign for its native PUMP token. Since its introduction in July, this system has absorbed $98.2 million value of PUMP, and has successfully eliminated over 6% of the circulating provide.

PUMP Whale Books Earnings

Whale traders additionally look like capitalizing on the renewed momentum surrounding Pump.enjoyable.

Lookonchain noticed that whale AA21BS has turned a $3.4 million loss right into a $3.86 million revenue amid PUMP’s uptick. The investor initially acquired over 1.2 billion tokens by a $6.16 million funding, then bought 1 billion PUMP for $8.25 million in current days whereas retaining 208.83 million tokens value $1.77 million.