EddieJayonCrypto
28 Feb 25
The activity of Pump Fun on Solana is declining as the memecoin craze appears to be subsiding. On-chain analyst Darky noted a near-zero number of coins bonding, indicating the end of the Pump Fun era. Nooman.eth, General Partner of 227Fund, detailed a significant drop in graduating token numbers, si...
Pump Fun activity on Solana is declining as the memecoin craze cools off. On-chain data indicates a significant drop in token bonding and launches, suggesting reduced interest in the platform. The decreased transaction volumes may signal a broader cooling in the memecoin sector, impacting Solana's market participation and liquidity. The decline in bonding activity and token creation points towards a waning interest in the memecoin sector, affecting overall market dynamics.
The reduced transaction volumes may indicate a broader cooling in the memecoin sector, with notable losses in memecoins like TRUMP, MELANIA, WIF, and FARTCOIN. However, Dogecoin and PEPE are among the few gainers in the top 10. This trend suggests a shift in market dynamics and investor sentiment within the memecoin sector.
Overall, the declining Pump Fun activity and associated on-chain data reflect a broader trend of reduced interest in memecoins, impacting liquidity and market dynamics in Solana. The waning interest in memecoins is a notable development affecting the cryptocurrency market.