New Token Launches on Pump.fun Surge in Early December – Is Meme Season Back?

The meme coin market is showing signs of recovery in December, evidenced by a surge in new token creations on Pump.fun, the leading platform for launching such tokens. Data from Dune shows daily new token creations exceeded 25,000 on December 2, the highest level since mid-September, indicating a shift toward higher risk appetite among investors looking to deploy retail capital into low-cap tokens. Despite this, Pump.fun's revenue and DEX volume remain significantly down (over 80%) compared to early 2025 peaks. However, user engagement remains relatively stable, with active addresses consistently around 100,000 since August. Furthermore, analysis by Michael Nadeau highlighted that Pump.fun exhibits superior weekly user retention rates (e.g., 12.4% in Week 4) compared to typical Web2 consumer apps. Trader Daan Crypto Trades also noted that meme coins have recently outperformed major altcoins, which could signal a readiness for higher risk, though this trend might be short-lived. Overall, these indicators suggest that the meme coin season might be returning, positioning the Pump.fun ecosystem as the third-best performing category in the first week of December.

(Source：BeInCrypto)