Pump.fun sees Solana meme coin activity rise amid trader recruitment push

Solana-based meme coin launchpad Pump.fun is showing signs of renewed activity following a significant market slowdown earlier this year. While the platform's graduation rate for new tokens saw a sharp decline in June, recent on-chain data indicates a resurgence in infrastructure usage. PumpSwap, the associated decentralized exchange, processed approximately $16.70 billion in volume over the last 30 days, generating roughly $10.5 million in protocol revenue.

To maintain market share against rising competitor FOMO, Pump.fun is reportedly engaging in aggressive recruitment. Leaked contract details suggest the platform is offering top traders and key opinion leaders from FOMO a $20,000 signing bonus and $30,000 in monthly payments to switch platforms exclusively. These agreements require recruits to migrate all funds, close existing competitor accounts, and maintain a minimum monthly trading volume of $25,000 while trading through a dedicated Pump.fun wallet.