Is the End Near for Pump.Fun? 👻
The memecoin gold rush may just be running out of steam.
Trading volume for Pump.fun tokens has collapsed 94%, falling from $3 billion in January to just $170 million today, as fewer tokens “graduate” to Raydium and trader fatigue sets in.
The frenzy that saw presidential, influencer, and AI-themed coins explode has given way to skepticism, with rug pulls, insider trading, and pump-and-dump schemes souring sentiment.
Solana’s memecoin supercycle has crashed 60-80% from all-time highs, wiping out over $2 billion in retail liquidity.
Even high-profile launches like Trump’s official memecoin and LIBRA, promoted by the president himself, tanked 90% after meteoric runs.
Despite the downturn, Pump.fun has still generated $570 million in revenue since its January 2024 launch—a staggering figure in just over seven months.
The platform is now pivoting, launching a mobile app and teasing its own AMM, signaling that it sees the writing on the wall: evolution is necessary for survival.
The question is, can it adapt fast enough?
