Pump.fun sold 47,994 SOL for approximately $5.83 million, bringing its cumulative liquidations past $848 million. Launched in January 2024, this Solana memecoin launchpad generates revenue through roughly 1% fees on token launches and trades, with total revenue exceeding $1 billion. The platform has adopted a systematic treasury conversion strategy, with batch sales ranging from 50,000 to 130,000 SOL at an average price hovering between $160 and $175. Pump.fun also introduced its native PUMP token in July 2025, with a buyback-and-burn mechanism allocating 50% of net revenue, representing approximately $457 million directed toward these purchases so far.
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