Massive Drop in Pump.fun’s Trading Activity
Memecoin trading platform Pump.fun has seen a dramatic 94% drop in trading volume, signaling a slowdown in the once-booming Solana-based memecoin market.
Since its January peak of $3 billion in daily trading volume, Pump.fun now processes only $170 million per day. The token graduation rate—representing the number of tokens surpassing a $100,000 market cap—has fallen from 1.85% to just 0.83% weekly.
Memecoin Market Fatigue and Trust Issues
The steep decline suggests growing trader fatigue with high-risk speculative assets. Several negative trends have plagued the memecoin space in recent weeks:
- Rug pulls and fraudulent influencer promotions
- Insider trading schemes targeting early investors
- Market oversaturation with low-quality tokens
This pattern mirrors previous speculative cycles in crypto, where exuberance is followed by a sharp pullback.
Pump.fun’s Revenue and Future Strategy
Despite the downturn, Pump.fun has generated $570 million in revenue since launching in January 2024. This success underscores the platform's dominance in the memecoin space.
To sustain long-term growth, Pump.fun is expanding its ecosystem, including:
- Launching a mobile application
- Introducing a native Automated Market Maker (AMM)
- Exploring new user engagement features
With memecoin hype fading, Pump.fun must adapt to remain relevant in a shifting crypto landscape.
