The bubble has deflated! 🤯 How did a giant of memecoins go from being the party of the century to recording an epic drop from $137 million to just $25 million? 🔥

Gentlemen, the universe of memecoins is in an earthquake, and Pump.fun, that monster that was devouring the world on the Solana network, is feeling the strongest tremors. In July, its revenues plummeted to a painful $24.96 million, the lowest figure since they were born. Imagine, they went from earning $137 million in their best month to this! We're talking about a drop that leaves you speechless. 💸

But the situation is even harsher when we look at it closely: in just one day in July, they barely reached $293,000, far from the $7 million they used to achieve. Their trading volume also plummeted from $700 million to just $150 million. And what about the platform's token, the PUMP? It fell to half of its launch price. 📉 This is not a simple stumble; it is a sign that something big is changing.

And why this disaster? Well, there are three main reasons behind this collapse. First, the craze for memecoins is cooling down. The entire market has lost $20 billion in less than two weeks. 🥶 People are pulling their money out.

Second, the competition has stepped up. Pump.fun's reign is going down the drain because now there is a new king in the neighborhood: LetsBonk. This new player has stolen almost all the clientele from Solana, going from a 12% share to a brutal 80% of the market. Pump.fun is left with only 15%! This makes it clear that users are not loyal to a platform; they go where the party is. 🚶‍♂️

And third, they got into a big legal mess. A class action lawsuit accuses them of allowing "pump and dump" schemes with unregistered tokens. In other words, they are being pointed out as the perfect place to scam people. 🚨 With all these problems together—the memecoin market in free fall, the competition eating their lunch, and lawyers breathing down their necks—this is not just another drop. It is a sign that Pump.fun's future could be very uncertain.

Will they be able to rise from this blow, or are we witnessing the chronicle of a death foretold in the world of memecoins? It is the question we all ask ourselves. 🤔$PUMP