Solana Memecoin Platform Pump.fun Hits Record Highs
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Surge in Platform Activity: Pump.fun's daily token creation reached nearly 39,000 in January, marking the highest level since April 2025, indicating a significant uptick in sector activity that could attract more investor interest.
- Significant User Growth: As of January 27, daily active addresses on Pump.fun hit 300,000, with over half being newly created wallets, suggesting that the influx of new users is revitalizing the platform and enhancing trading potential.
- Buyback Support: On January 27, more than 19,000 SOL were used to buy back PUMP tokens, setting a record for the highest daily buyback amount, which has repurchased over 21% of the total supply, providing strong price support for the token.
- Market Capitalization Increase: The Solana memecoin market cap reached $5.9 billion, up 5.3% over 24 hours with trading volume exceeding $1 billion, indicating potential market recovery, although most tokens remain down over 90% from their peaks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
