The volume of trading on Pump.fun, which is a symbolic launch platform in the Solana ecosystem, decreased by 63 % from January to February 2025, and data from Dune Analytics appears. The decline comes at a time when Memecoins faces the escalating scrutiny amid a series of scandals.
In total, the trading volume of the platform fell from $ 119 billion to $ 44 billion in the first two months from 2025, with $ 2.1 billion in commercial activity in the past four days.
As CointeleGRAph mentionedNew symbolic lists on pump.fun are also down. After seeing approximately 1,200 symbols per day on January 24, the number Less than 300 decreased Daily in early March.
Pump.fun monthly trading volume (green). source: Sandin dune analyzes
Although the trading volume in Pump.fun is the lowest since October 2024, it is still the fourth highest in the company since its launch in January 2024.
In comments on cointelegraph, the co -founder of Pump.fun alon Cohen attributed the slowdown in activity to the total shrinkage of the Crypto market. “When the market trades, Altcoins is trading as well as Memecoins, and activity via Crypto – including on Pump.fun – slows down,” Cohen said, adding that “the share of revenue via the entire Onchain system has remained as it is.”
Pump.fun’s revenues over the past thirty days have been about 74 million dollars, According to To analyze sand dunes.
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Memecoin Trading, who was dead in this current running of encryption, has taken a slice between fears of trading from the inside and the withdrawal of rug and fraud.
The prominent incidents of these concerns have been enlarged. One of these incidents was The so -called “libragate” Where it launched a symbol by a group that included Now Hayden Davis He rose in popularity after receiving support from Argentine President Javier Millie. The distinctive symbol ended with many calls by withdrawing the rug at a value of $ 107 million, with 86 % of investors A real loss for more than $ 1,000.
Related to: Best fraud in Mimikoen to avoid it in February 2025
Anastasija Plotnikova, co -founder and CEO of Blockchain Regulatory Company Fideum, Cointelegraph said “Memecoins has evolved from the social experiences that society drives to a chaotic scene dominated by the extraction of value from retailers.”
According to Plotnikova, “the episodes of the informed, pumps and discharge plans, and sniper groups have replaced the organic nature that can be attached to the original mines, creating an unhealthy stadium.”
Memecoins has caught the attention of the US Securities and Stock Exchange Committee. In the February 27 statement He emphasized that Memecoins is not securitiesBut I noticed that fraud would remain deformed.
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