Pump.fun launches climb back above 20,000 a day in early December

Launch counts up, money not yet

Something twitched. According to a BeInCrypto report published December 8, the number of tokens minted on pump.fun each day pushed past 25,000 on December 2 and stayed above 20,000 through the first week of the month — the busiest the launchpad has been since mid-September.

Before anyone declares meme season reopened: the same report notes platform revenue and DEX volume remain roughly 80% below where they sat in early 2025. Lots of tokens, much thinner wallets behind them.

meme coins have outperformed major altcoins over the past two weeks

Daan Crypto Trades, quoted by BeInCrypto

The same trader cautioned that this may be temporary rather than a sign of sustained recovery, which is the sanest sentence in the whole story. BeInCrypto also notes pump.fun's ecosystem ranked as the market's third-best performing category in the first week of December per CoinGecko, and that week-four user retention sat at 12.4% — above typical Web2 benchmarks of 5–10%.

What it means for degens

Launch count is the cheapest metric on the chain. Minting a token costs pennies, so the number goes up whenever a handful of bot operators get bored — it measures supply of lottery tickets, not demand for them. The honest signal in this dataset is the gap: creation back near September highs while revenue and volume sit 80% down means far more tokens chasing far less liquidity than the last time the counter read this high.