Pump.fun (PUMP) has recorded an impressive volume milestone as the meme coin market gradually recovers after a long period of stagnation. This development is widely seen as a sign that demand for Solana-based meme coins may continue to grow.
Despite many experts’ concerns that memecoins are dead, the resurgence of Solana memecoin could add new momentum to the 2026 crypto market story.
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Pump.fun sets multiple records in early 2026, sparking new wave of Solana Meme Coins
According to data from DefiLlama, Pump.fun’s daily DEX trading volume reached a record high of $2 billion. This marks the highest level ever recorded.
Analysts explain that this record reflects a sharp increase in meme coin trading activity on Solana, as Pump.fun continues to be a major meme coin launchpad on the network.
At the same time, Pump.fun surpassed HumidiFi and Raydium and became the second largest DEX on Solana after Meteora.
Additionally, Dune data shows that the number of tokens “graduating” each day from the Solana memecoin launch platform has reached a three-month high. Pump.fun continues to account for the majority of these tiered tokens.
When a new token is created on Pump.fun, it starts with limited liquidity. Once a token meets certain criteria (usually trading volume, number of buyers, or liquidity criteria), it becomes “graduated”. This means Solana DEX will move to official status with a liquidity pool.
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The increasing number of graduated tokens reflects the influx of new liquidity. This trend suggests that retail investors are coming back and are looking for high return stories driven by memecoin volatility.
“The unusual amount of Pump.fun on Solana is fueling meme coin mania,” investor viop.hl commented.
Solana memecoin shows signs of revival
Overall, the market capitalization of Solana meme coins has increased from $5.1 billion to nearly $6.7 billion since the beginning of the year, according to data from Kraken and CoinGecko. During the same period, daily trading volume soared from $850 million to more than $2.57 billion.
Several recent events have increased the attention of retail investors to the Solana meme coin. For example, there was strong demand for the LAMB token launched by Younghoon Kim, who claims to have an IQ of 276.
Meanwhile, the White Whale token was listed on Bybit, a tier 1 exchange, just 30 days after the project was taken over.
“SОL and PUMP are hot. Old memes are hot. 20 coins combine every hour. White Whale almost hit $100 million. A random Chinese coin went from zero to $20 million overnight. There’s a lot of volume throughout the day. Everything feels like memecoin bull market 2.0 is about to begin,” Solana memecoin investor Lam predicted.
A recent report from BeInCrypto also highlights signs that retail interest in meme coins will return in early 2026.
However, many analysts are warning of increasing market polarization as a result of the K-shaped recovery. Tokens with true utility are expected to survive, while those lacking fundamental value may eventually disappear.
