Pump.fun's Revenue Plummets Amidst Lawsuit and Competition

• Pump.fun's revenue has significantly declined, dropping to its lowest point since September 2024, after peaking in January at over $7 million.

• The memecoin launchpad is facing a class-action lawsuit alleging fraudulent schemes and is losing users to rival platforms like LetsBonk.

• The platform's decline is further compounded by the poor performance of its PUMP token and a decrease in active users, leading to significant financial losses for many traders.