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Pump.fun hits $1.98M daily revenue but faces scrutiny over token launch fairness and developer profits.

Protocol Fundamentals
26 Oct 2026
Altcoin Buzz
View Source
Bearish
Pump.fun hits $1.98M daily revenue but faces scrutiny over token launch fairness and developer profits.

Pump.fun generated $1.98 million in protocol revenue over 24 hours on October 24, briefly surpassing Hyperliquid. However, a promotion linked to influencer Kimchi coincided with a 16% drop in revenue and an 11% decline in active users, raising concerns about token launch practices. Blockchain analytics firm Bitquery revealed developers and related wallets made at least $579 million in profits from token launches, often selling quickly after launch, which may disadvantage regular traders. The platform's ability to sustain revenue depends on maintaining user trust, transparent promotion, and fair token launch conditions amid volatile memecoin trading.

Pump.fun's recent revenue milestone is presented here with Pluang's market data as of Oct 26, 2026 12:51 WIB. Among 50 major cryptocurrencies on Pluang, 11 rose and 38 fell today. Notable movements include SXP (Solar) down 46.27% to Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% to Rp16.297 with a typical hold time of 85 days, and COMP (Compound) down 10.35% to Rp380.975 with a 31% sell and 69% buy order split and a typical hold time of 98 days. The largest single-day drop was SXP's 46.27%.

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