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Home CRYPTO

PumpDotFun Faces Sharp Decline: Are Solana Memecoins Dead or Just on a Cooldown?

Michael Juanico by Michael Juanico
February 27, 2025
in CRYPTO, FINANCE, MEMECOINS
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  • 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.

JUST IN: PumpDotFun is experiencing record-low volume, with only 180 tokens graduating today

However, graduation % is actually up compared to past time frames

Is PumpDotFun dead or just cooling down before the next run? pic.twitter.com/Gems7lPDFc

— BlockNews (@blocknewsdotcom) February 27, 2025

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.

coinmarketcap.com

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.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: MELANIAMemecoinPump Funtrading volume
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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