💥Solana's memecoin sector loses momentum.
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Beyond the potential legal issues that the Solana memecoin sector may face, there are also market setbacks. Since 2024, Pump.fun has been a key player in meme coin trading, but things seem to be changing in recent weeks.
The increase in scam tokens is causing people to distance themselves from this issuer. This is considering that the chances of being scammed are enormous compared to other platforms issuing new tokens. In that sense, in recent days the BNB Chain memecoin sector has outperformed Solana. This raises significant concern about a drought in trading volume on the latter.
Creating a memecoin on BNB Chain is more complicated in terms of scrutiny and investment. This minimizes the chances that anyone seeking quick profits can appropriate the capital of people through fraudulent means. This could be a formidable blow to Pump.fun, which received large sums in the form of commissions for its services.
However, regulators may once again have it in their sights. It's important to mention that this is one of the platforms that escaped the SEC's Gensler-era crackdown. Nevertheless, it would now have to undergo scrutiny. In any case, so far it is all speculation.
The memecoin sector continues to lose ground as a result of multiple factors such as market conditions. Despite the suspension of accounts on X, the Pump.fun platform continues to operate normally.
