Most Influential: Pump.fun

The level saw monolithic occurrence successful 2025, with implicit $150 cardinal successful cumulative volume, $138 cardinal successful monthly revenue, and a notable $500 cardinal token merchantability successful July.

Dec 10, 2025, 3:00 p.m.

Memecoin mill Pump.fun became 1 of the astir influential and polarizing forces successful crypto this year, powering a surge of token creation, fueling speculative excess, and investigating the limits of retail participation.

Launched successful aboriginal 2024, Pump.fun offers users a mode to make a token successful seconds for little than 2 cents' worthy of SOL, nary coding required. That look saw the level commencement deploying to implicit 80% of Solana-based tokens by mid-2025.

That breakneck gait drove up blockchain enactment and funneled immense volumes of trading into Solana’s decentralized exchanges, with Pump.fun itself seeing much than $150 cardinal successful cumulative measurement according to DeFiLlama.

At its peak, Pump.fun generated $138 cardinal successful monthly revenue, with regular spikes arsenic precocious arsenic $15 million. A defining infinitesimal came successful July, erstwhile its PUMP token merchantability raised an estimated $500 cardinal successful nether 12 minutes astatine a $4 cardinal afloat diluted valuation.

The mania dispersed quickly. Tokens with names similar Fartcoin, Goatseus Maximus, and Peanut the Squirrel saw abrupt marketplace caps successful the hundreds of millions arsenic memecoin trading fever kept connected growing.

But down the froth was besides a darker story. The immense bulk of tokens collapsed soon aft launch, often owed to scams oregon bot activity. Long-term holders were rare. Analysts flagged rising retail losses, and regulators took notice. U.S. lawsuits alleged fraud and securities violations.

After the hype peaked, gross fell sharply, down 80% from the peak. Pump.fun’s influence, however, hasn’t faded, and token launchpads stay a applicable portion of the DeFi sector.

Most Influential: The Wrench Attackers

Perpetrators usage assorted tactics, including posing arsenic transportation drivers oregon waiting astatine gyms, homes, oregon edifice rooms, to people victims and request entree to their wallets.