Pump.fun Raises $1.3 Billion: Fueling July’s Crypto Funding Surge to $2.67B

Pump.fun, a prominent Solana-based memecoin platform, achieved a remarkable funding milestone in July 2025, raising $1.32 billion in just twelve minutes. This massive fundraising contributed significantly to the overall crypto investment boom of that month, reaching $2.67 billion. This surge highlights increased interest in memecoins, particularly impacting Solana’s on-chain activity and stablecoin usage. Pump.fun’s success fueled a substantial increase in stablecoin activity, which in turn drove higher trading volumes on Solana.