Pump.fun ATH This Year? PolyMarket Split 50/50 as $500M Meme Coin Factory Faces Crash Fears

Core Insights - Polymarket has launched a new prediction market focused on Pump.fun, a rapidly growing Solana-based meme coin launchpad, allowing users to bet on whether its token PUMP will reach a new all-time high by December 31, 2025 [1][8] Market Performance - Pump.fun has facilitated the launch of over 7 million tokens since its inception in early 2024, contributing to nearly 13 million of the 32 million tokens on Solana, representing a nearly 300% increase in under two years [3] - The platform has generated approximately $500 million in fees, with a fully diluted market value of its tokens at $4.8 billion [3] - Daily trading volume on Pump.fun reached $134.3 million, with 114,457 active addresses and over 20,000 new tokens deployed in the last 24 hours [5] Revenue and Growth - Pump.fun's revenue peaked at $13.48 million in a single week from August 11 to August 17, marking its strongest performance since February [4] - Over the past 30 days, the launchpad has generated around $120 million in fees [4] Token Performance - The PUMP token was launched in July through an ICO that raised $500 million in under 12 minutes, reaching an all-time high of $0.008819, currently trading at $0.007028, which is 20% below its peak but still up 75% in the past 30 days [7] Market Sentiment and Concerns - Betting odds on Polymarket are evenly split at 50% for both "Yes" and "No" outcomes, indicating uncertainty among traders regarding Pump.fun's long-term sustainability [2] - Concerns persist as 98.6% of Pump.fun tokens are classified as scams or pump-and-dump projects, and median holding times for Solana meme coins have decreased significantly [6]