Pump.fun volume drops 63% in February amid meme coin scams

Trading volume on Pump.Fun, a first token Launchpad, based in Solana, plunged 63% in February following a series of high -level memecoin archives which eroded the confidence of investors.

The volume of the pump. dashboard. The new launches of Pump.Fun tokens have also decreased considerably, going from 58,000 each day in early February to 24,000 before March 4.

In addition, the grab rate of the platform tokens went from 1.85% to 0.83% per week, which means that fewer tokens reach market assessment of $ 100,000 which must be listed on Raydium.

Although the February negotiation volume is the lowest since October 2024, it generated $ 74 million in income in the last 30 days. The total of the platform costs have reached $ 580 million and 8.2 million tokens launched to date.

Among other high -level memecoin scandals like Trump and Melania, the memecoin balance scandal was a major turning point. In mid-February, Argentinian President Javier Milei approved the same balance, causing prices to increase before a sudden crash was wiped out more than $ 120 million, causing shooting.

The incident damaged confidence in the same, accelerating the slowdown in the market. Pump.fun has tried to improve its features to attract more developers and traders. In addition to publishing a mobile application recently, the platform has teased plans For a native automated market market.

A MA is a decentralized trading system that uses liquidity pools instead of conventional control books. The integration of an AMM could help pump.

Despite the challenges encountered by Pump.fun, Solana (GROUND) Decentralized exchanges continue to dominate. According to Defillama dataSolana exceeded Dex’s trade for the fifth consecutive month, exceeding Ethereum (Ethn) 24% to 109 billion dollars. Raydium (RADIUS), Meteors and orca continue to stimulate liquidity, maintaining Solana’s DEFI ecosystem despite the same losses.