In today’s articles , Memecoin Trading Surges as PumpSwap Hits $100 Million Milestone
A decentralised exchange linked to the resurgent memecoin sector has reached a significant milestone, as the speculative crypto niche stages an unexpected comeback.
PumpSwap, the decentralised exchange (DEX) created by Solana-based meme coin platform Pump.fun, has surpassed $100 million in total value locked (TVL) just 50 days after its launch.
The achievement highlights renewed investor appetite for high-risk, high-reward digital assets, coming amid a broader resurgence in memecoin activity that had shown signs of fizzling out earlier this year.
Pumpswap Volume Surge Defies Expectations
Launched on 19 March, PumpSwap was built to serve as a native trading hub for tokens launched through Pump.fun’s increasingly popular memecoin creation platform.
Since then, the exchange has experienced near-constant growth, with cumulative trading volumes exceeding $18 billion to date.
According to data from Dune Analytics, daily trading activity on PumpSwap has remained buoyant throughout May, with daily volumes consistently surpassing $500 million.
On 5 May, the platform recorded a peak of nearly 500,000 daily active wallets, signalling robust user engagement.
The platform’s rise comes after a period of turbulence for the memecoin market, which had cooled following a controversy earlier this year involving Argentine President Javier Milei and a memecoin named Libra.
The token collapsed in value shortly after a promotional post from the president’s official X (formerly Twitter) account, contributing to a sector-wide slowdown.
PumpSwap Hits $100 Million: Memecoin Markets Make a Comeback
Despite previous predictions of an imminent collapse, memecoins are enjoying a resurgence.
Over the past week, the sector’s leading tokens have posted double-digit gains. PENGU, one of the more prominent entrants, has soared 230% in the past month, while PEPE led weekly growth with a rise of more than 40%.
Pump.fun itself, which had faced sharp criticism last year over a series of alleged “rug pulls” and pump-and-dump schemes, now finds its DEX thriving amid this wave of speculative enthusiasm.
Yet, risks remain high. By some estimates, nearly 99% of memecoins launched via Pump.fun continue to fail, with a large proportion exhibiting signs of fraudulent or unsustainable activity.
Speculation Shows No Signs of Slowing
Nevertheless, the sector’s current momentum suggests that speculative trading appetite within crypto’s most unpredictable corner is far from extinguished.
The inflow of new users and capital to platforms like PumpSwap underlines a broader truth about digital asset markets even after setbacks and scandals, speculative cycles have a persistent ability to resurface.
As the memecoin sector once again captures the attention of traders and opportunists, the question remains whether this latest rally will prove sustainable or simply another chapter in crypto’s long-running history of boom and bust.
