- Pump Fun activity on Solana is collapsing, with bonding activity and token launches dropping to record lows.
- Memecoin trading volume has fallen back to September 2024 levels, signaling waning interest and liquidity.
- Major memecoins like TRUMP, MELANIA, and WIF have plunged over 50% in the past month, while Dogecoin remains one of the few gainers.
The memecoin hype train on Solana is losing steam fast, and Pump Fun’s activity is in free fall.
On-chain analyst Darky pointed out that bonding activity has nearly hit zero, suggesting that the Pump Fun era might be over.
Token Launches and Volume Crashing
It’s not just bonding slowing down—token launches have nosedived, too.
- Nooman.eth, a general partner at 227Fund, reported that the number of graduating tokens dropped from 24,008 last month to just 186 yesterday.
- Daily token launches have plummeted, with weekly trading volume falling back to levels last seen in September 2024.
- Liquidity and market participation on Solana are taking a hit, as traders step away from high-risk speculative assets.
“The memecoin market is cooling, and so is liquidity—interest just isn’t what it was,” one analyst noted.
Memecoin Bloodbath—TRUMP, MELANIA, and WIF Take Heavy Losses
Memecoins aren’t just slowing down—they’re getting wrecked.
- The overall memecoin sector is down 14% over the past week, despite a 2% bounce today.
- TRUMP is down 52% in the past month, MELANIA down 62%, WIF down 54%, and FARTCOIN has tanked 67%.
- The only top-10 gainers over 30 days? Dogecoin (+37%) and PEPE (+2%).
Meanwhile, Bitcoin itself is down 15% over the same period, showing that broader market weakness is also in play.
For now? Memecoin season might be over—at least for now.
