Flash
March 2, 2025 12:43 PM
Pump.fun, a Solana-based token launch platform, saw a significant decline in revenue, according to DefiLlama data. The protocol’s February earnings dropped by 38%, reflecting a slowdown in meme coin and speculative trading activity.
On a weekly basis, pump.fun generated only $7.76M last week, marking a steep 80% decline from its record-breaking $37.31M week in January. The drop suggests diminishing user engagement and trading volumes, potentially signaling a cooling-off period for the Solana meme coin craze.
Despite the downturn, Solana remains a dominant player in the meme coin space, and future market conditions will determine whether pump.fun can regain momentum.
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