Looz_crypto
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Bearish
Pump.fun volume drops by 63% in February
Despite hitting its lowest trading volume since October, Pump.fun’s February figures still rank as the fourth-highest since its launch in 2024.
Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals.
In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days.
As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day on Jan. 24, the number dropped below 300 per day in early March.
According to Plotnikova, “Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”
Memecoins have caught the attention of the US Securities and Exchange Commission as well. In a Feb. 27 statement, the SEC confirmed that memecoins aren’t securities, but noted that fraud will still be policed.
$SOL
#pumpfun #MarketPullback
Despite hitting its lowest trading volume since October, Pump.fun’s February figures still rank as the fourth-highest since its launch in 2024.
Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals.
In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days.
As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day on Jan. 24, the number dropped below 300 per day in early March.
According to Plotnikova, “Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”
Memecoins have caught the attention of the US Securities and Exchange Commission as well. In a Feb. 27 statement, the SEC confirmed that memecoins aren’t securities, but noted that fraud will still be policed.
$SOL
#pumpfun #MarketPullback
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