Pump.fun (PUMP) — the number one memecoin launch platform on Solana — set several significant records in January as analysts view this as a sign that interest in memecoins on Solana is returning once again
Meanwhile, several memecoins on Solana performed strongly throughout January, although the market atmosphere remained filled with fear.
Pump.fun set a new record in January, boosting the price of PUMP tokens.
Data from Dune indicates that the number of new tokens created daily on Pump.fun increased by nearly 39,000, marking the highest level since April 2025.
Additionally, the number of daily active users on the platform reached 300,000 on January 27, which is the highest number since the beginning of last year.
More importantly, more than half are newly created wallets, reflecting a renewed enthusiasm among investors looking to trade and launch memecoins on Solana.
Analyst Adam also stated that the number of tokens that have “graduated” — meaning tokens with sufficient liquidity for trading on decentralized exchanges — surged to a six-month high.
350 tokens graduated from the memecoin launchpad yesterday, which is considered the highest number of graduates in the last 6 months, Adam stated.
User activity has clearly improved, with data from Artemis reporting that Pump.fun reached an all-time high in the number of returning users, which are wallets that have not been traded for over 180 days.
These significant events have greatly boosted the revenue of Pump.fun, and higher revenue also means more buyback volume, as the project uses nearly 100% of its revenue for buying back tokens.
The official statistics of Pump.fun show that more than 19,000 SOL were used to buy back PUMP tokens on January 27, marking the highest daily buyback volume ever recorded.
Overall, this mechanism has bought back more than 21% of the total PUMP volume.
This helps to enhance the price of the token and supports the recovery of the token as well. Furthermore, recent analysis from BeInCrypto reports that PUMP has increased by more than 60% in the past month, with the price reaching 0.0031 USD and possibly rising to 0.004 USD to complete the cup-and-handle pattern.
Memecoins on Solana surged in January.
Data from CoinGecko shows that the market value of Solana's memecoins stands at 5.9 billion USD, increasing by 5.3% in the last 24 hours, with trading volume exceeding 1 billion USD.
Several memecoins have shown outstanding returns with the specific momentum of each project, such as Pudgy Penguins collaborating with Manchester City to launch premium NFTs, and MELANIA gained attention due to a new documentary about Melania Trump, while Nietzschean Penguin surged over 900% after the White House released a photo of President Trump walking with a penguin.
These positive signals help stimulate investor expectations that the memecoin season on Solana may return. However, CryptoRank warns that most memecoins are still down more than 90%, indicating that a broad and sustainable recovery requires new capital from outside the market.