I hate to admit this.

The memecoin trenches are not what they use to be.

Granted, there are still runners.

But the entire market is so much slower, community focused coins coming back.

Sadly there is some cabal bullshit insider pumps, which just ruin it for everyone else.

What I have been closely looking at tho is the metrics and the data associated to all the memecoin trading terminals.

Average volume in USD terms per day, per user

GMGN - $630

BullX - $331

Photon - $968

MoonShot - $968

Axiom - $739

Vector - $687

UniversalX - $1210

Ave(dot)ai - $604

XXYY - $347

I've never heard of UniversalX, nor do I know anyone using it, but it is surprising to see where they are at volume wise.

It is also rather interesting, that as a BullX user, the volume going through is on the lower side, despite me personally going way too high on the amount of volume im pushing LOL

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The Number of trader is also extremely interesting to see just how many wallets are active on chain still

Feb 13th - 170,000 traders (Yearly High)

March 22nd - 66,800 traders (Yearly Low)

May 14th - 123,000 trader (Recent High)

It would seem Feb blow off top coincides with the Trump coin launch, and then a quick and swift decline to almost a 66% decrease

Now grinding back up toward mid May, with a decline starting to happen again.

May 31st, 86,000 Traders.

There are A LOT of ebs and flows to this data, and I think its something to closely watch to figure out what the real state of the trenches is.

When there are less than 100,000 wallets, volume is dead, runners non existent. PvP is all time high