In the wild world of meme coins, Solana's Pump.fun platform is turning heads with its innovative livestream tokens. These are essentially meme tokens launched by content creators during live streams, allowing them to monetize their audience in real-time through the blockchain. A recent deep dive from SolanaFloor on X sheds light on how over

- Nearly 41% of streamers earned less than 10 SOL in fees, while 30% made 100-500 SOL, averaging $60,000.
100 streamers have collectively earned 19,600 SOL—Solana's native cryptocurrency—in creator fees. At current prices, that's a cool $4.7 million. But while some are cashing in big, many are facing steep market drops, painting a picture of high rewards and even higher risks.

As you can see in the chart above from Dune analytics, the market cap declines tell a sobering story. Around 20% of these tokens have tanked over 90% from their peak values, and another 34% are down 70-90%. On the brighter side, a smaller group—about 10-30%—have seen more moderate dips or even held steady in the 0-10% range. This visual breaks it down into clear categories, highlighting just how volatile the meme token scene can be.

Breaking Down the Earnings: Winners and the Rest

The fee earnings aren't spread out evenly; it's a classic case of the rich getting richer in crypto. About 40.8% of streamers pocketed less than 10 SOL, which is peanuts in this context—think under $2,400. Meanwhile, 30% hit the sweet spot of 100-500 SOL each, averaging 254 SOL or roughly $60,000. Only a handful, just five streamers, crossed the 1,000 SOL threshold.

Take @ZssBecker as a prime example. This creator hauled in 1,623 SOL—around $370,000—in merely four days. His token skyrocketed to a $18.9 million market cap at its height before cooling off to $4.6 million. Stories like this show the massive upside for top performers who can hype up their communities effectively.

Market Caps, Trading Frenzy, and Fading Hype

When it comes to market caps, most livestream tokens settle in the $500K to $2M range, with only 11 breaking past $5M. That's not shabby for quick launches, but sustaining value is another story. Trading activity has been off the charts: over the past 30 days, these tokens saw $1.6 billion in volume from 6.4 million transactions. One epic day last week alone clocked $320 million in volume and 779K trades—pure crypto chaos.

But here's the catch: 24% of tokens with market caps above $400K have had fewer than 1,000 trades in the last two weeks. That signals dwindling interest, a common pitfall in meme coins where hype can fizzle out fast without ongoing engagement.

What This Means for the Meme Token Ecosystem

Livestream tokens on Pump.fun represent a fresh twist in the creator economy, blending live content with onchain monetization. For blockchain enthusiasts, this trend underscores the potential for rapid revenue generation but also the fragility of community-driven projects. Many seem to be approaching the end of their run, as keeping the momentum going beyond the initial buzz proves tough.

If you're a trader, creator, or just curious about Solana's meme scene, keeping an eye on platforms like Pump.fun could uncover the next big opportunity—or cautionary tale. For more raw data and discussions, head over to the original SolanaFloor thread or explore Pump.fun's live board. Stay tuned as we at Meme Insider continue to track these evolving trends in the meme token space.