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Pump.fun, a launchpad for meme coins, has issued 3.13 million tokens.
According to Dune, while the platform’s total token supply has consistently grown, this trend has accelerated since early October.
On October 1, the cumulative number of tokens issued through Pump.fun was 2.2 million, increasing to 3 million by November 6—a 36% jump in about a month.
Pump.fun No Longer in Top 10 DeFi Protocols by Fees
Pump.fun, built on the Solana (SOL) blockchain, initially surged in popularity in the summer of 2024.
On July 31, Pump.fun became the top decentralized finance (DeFi) project by gross revenue, surpassing even Ethereum (ETH), with fees totaling $2.31 million.
However, as of November 7, the platform has fallen to 13th place by fees and revenue, now collecting $978,389 in daily fees, according to DeFiLlama.
GOAT Dominates Pump.fun Tokens by Market Cap
The meme coin market is highly dynamic, and Pump.fun has issued numerous tokens since its summer 2024 boom.
As of November 7, Goatseus Maximus (GOAT) is the top meme coin on the platform, with a market cap of $763.1 million.
Launched on October 10 by the AI bot Truth Terminal, GOAT’s popularity skyrocketed. On October 23, it was listed on Bybit for futures trading, which boosted the token’s price by 76% in a single day.
Other prominent Pump.fun tokens include Fwog (FWOG) and Moo Deng (MOODENG), with market caps of $451.5 million and $228.6 million, respectively.
MOODENG gained significant traction in September, preceding GOAT’s launch. Following a Binance futures listing on October 25, MOODENG’s price surged by over 100% in a single day.
If you’re interested in meme coins, another popular coin is currently making waves on X.
Pepe Unchained is a layer-2 token offering lightning-fast transactions. It claims to be 100x faster than Ethereum and has reduced gas fees. A highly successful presale raised nearly $11 million, and staking $PEPU allows you to access interesting crypto opportunities.
