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]

Solana-based meme coin launchpad Pump.fun is enjoying 8% daily gain on September 16 even as the broader crypto market traded sideways. This comes as the platform’s daily revenue outpaced popular perpetuals trading platform Hyperliquid. According to DeFiLlama data, Pump.fun generated $3.38 million in protocol revenue over the past 24 hours, This marks Pump.fun’s highest single-day revenue since February 13. On the other hand, Hyperliquid recorded $3.06 million in revenue. While Hyperliquid maintains an e ...