Meme Coin Sector Stays Flat Amid Global Volatility as Key Players Reach Milestones

The meme coin sector remained largely flat at the end of the week despite global market volatility. However, some key players notched significant milestones.

Pump.fun became the first Solana platform to surpass $1 billion in cumulative revenue, with its lifetime earnings reaching approximately $1.08 billion. The platform has also been actively buying back PUMP tokens, removing nearly 29% of circulating supply from the market.

Pudgy Penguins launched its browser game, Pudgy World, which saw a surge in PENGU token prices after its debut. However, PEI Licensing, the company behind the Original Penguin clothing brand, filed a trademark infringement lawsuit against Pudgy Penguins on March 4.

Bonk.fun was hacked on March 11, with attackers hijacking the domain and deploying a fake message designed to trick visitors into signing a malicious transaction. The project team advised users not to interact with its website until further notice.