Crypto Trading Volume Drops Since February Peak, Meme Coins Hit Hard

In Brief:

Overall crypto trading volume has dropped significantly since its peak in February, suggesting market exhaustion.

Meme coin trading, particularly on http://PUMP.FUN, has plummeted 94%, signaling waning speculative interest.

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The cryptocurrency market appears to be losing momentum as trading volumes decline from their February highs, according to Santiment. This downturn suggests potential fatigue among traders after months of heightened activity.

One of the most dramatic drops has been in meme coin trading, with http://PUMP.FUN seeing a staggering 94% decrease in volume. This decline indicates that the speculative frenzy around meme coins is cooling off, potentially shifting focus back to more established assets.

While this slowdown could reflect cautious sentiment, it may also present opportunities for long-term investors eyeing strategic entries. Analysts will be watching closely to see if this trend persists or if a new catalyst reignites trading enthusiasm.

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