Pump.fun in Freefall? Solana Token Platform Sees Graduations Plummet
Share:
Predictions Markets
See what traders are focused on
- Pump.fun’s token graduations have fallen sharply, dropping from 24,008 last month to 11,332 this month.
- Daily token launches are declining, and weekly trading volume has returned to September 2024 levels.
- Binance founder CZ responded to the trend with a cryptic comment, sparking discussion.
Popular platform for launching new Solana tokens Pump.fun is experiencing a rapid downturn. Up-to-date data shows a sharp drop in token graduations, a significant decline in new token launches, and falling trading volume. This shift has led to concerns about the platform’s sustainability.
Looking at statistics, only 11,332 tokens have graduated this month, less than half of last month’s 24,008. The decline is clear in a shorter timeframe as well. Last week saw 2,184 graduations, compared to just 517 this week.
Trading Volume Returns to 2024 Levels
A separate analysis of Pump.fun’s trading volume shows that weekly activity has returned to levels last seen in September 2024. This suggests that both trader interest and liquidity are shrinking.
Crypto analyst Nooman highlighted the trend in a post, warning that Pump.fun is “trending to zero at a crazy speed.” …
The post Pump.fun in Freefall? Solana Token Platform Sees Graduations Plummet appeared first on Coin Edition.
Read More
Solana Captures 95% of Tokenized Equity Trading as RWA Value Hits $3.6B
