Solana-based memecoin platform Pump.enjoyable has began 2024 on a excessive observe, producing over $14 million in income on January 2 amid a continued surge in meme cash.
Information from Dune Analytics and DeFi tracker DefiLlama revealed that Pump.enjoyable earned 72,506 Solana (SOL) in charges initially of the 12 months.
With SOL buying and selling above $200, this translated into the platform’s highest each day income since its inception.
Pump.enjoyable Maintains Dominance in Solana DEX Transactions
Moreover, Pump.enjoyable maintained its dominance in Solana-based decentralized change (DEX) transactions, accounting for 52.8% of all such exercise in December, in accordance with Dune Analytics.
Pump.enjoyable’s robust January efficiency builds on its record-breaking November, throughout which it turned the primary Solana decentralized utility (DApp) to surpass $100 million in month-to-month income, incomes $106 million.
Thus far, the platform has reportedly collected 2,016,391 SOL tokens, equal to just about $398 million in complete income, in accordance with Lookonchain.
Of this, over $300 million has been deposited to Kraken, with $41 million transformed into USD Coin (USDC).
Pump enjoyable deposited 292,437 $SOL($55.5M) to #Kraken once more immediately after 23 days.
Up to now, #Pumpfun has deposited 1,500,893 $SOL($303M) to #Kraken and bought 264,373 $SOL for 41.64M $USDC.#Pumpfun has earned a complete of two,016,391 $SOL($398M).https://t.co/eO2OHLWL0c pic.twitter.com/UG8RjIYa1N— Lookonchain (@lookonchain) January 2, 2025
Regardless of its monetary success, Pump.enjoyable has confronted its share of challenges.
In November, the platform paused its livestream function indefinitely following backlash over dangerous content material broadcasted by customers, together with studies of violence and animal cruelty.
The controversy led to a 66% drop in weekly income towards the top of the month.
Pump.enjoyable additionally got here below scrutiny from the UK’s Monetary Conduct Authority (FCA).
On December 6, the FCA warned residents in regards to the platform, alleging it promoted monetary providers with out correct authorization. Consequently, the platform was blocked within the UK.
However, Pump.enjoyable has garnered consideration for enabling merchants to attain substantial earnings by means of meme coin investments.
In a single occasion, a crypto dealer reworked an funding of 13 SOL (roughly $3,300) into 9,718.5 SOL, leading to a revenue of $2.5 million by buying and selling 76.46 million Slopfather (FATHA) tokens.
In one other occasion, a fortunate dealer turned $857 into $2 million after buying 23 million $FWOG meme cash.
AI Brokers to Outpace Meme Cash in 2025
Whereas meme cash have began 2025 on a excessive observe, some stay suspicious that they may lose share to different opponents, notably AI brokers.
Dragonfly Capital managing accomplice Haseeb Qureshi has claimed that AI agent tokens are set to outperform meme cash in 2025.
In a January 1 publish on X, Qureshi described the shift as a migration from “monetary nihilism to monetary over-optimism.”
My 2025 Crypto Predictions
I'm both going to appear to be a prophet or an fool over these predictions, however one factor is for certain: I'm going to piss off lots of people with luggage.
Breaking this up into six sections: my predictions for L1s/L2s, token launches, stablecoins,…— Haseeb ＞|＜ (@hosseeb) January 1, 2025
Whereas he predicts the “AI agent craze” will persist all through 2025, Qureshi doubts its long-term viability.
“It can die off ultimately. This isn’t the long-term disruption to be careful for from AI, however it is going to be CT’s fixation as a result of it’s the most social,” he famous.
AI agent chatbots have gained traction within the crypto house by providing insights and value predictions.
Over the previous 24 hours, buying and selling quantity for high AI and knowledge tokens elevated by 7.95%, at the same time as complete memecoin buying and selling quantity fell 21.5%, in accordance with CoinMarketCap.
Over the past 30 days, the market cap for AI tokens dipped 1.66%, whereas meme cash noticed a sharper decline of 17.7%.
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