Pump.fun Speculation Cools as Only 3 Tokens Exceed $1M Market Cap

In Brief:

Only 3 recently launched tokens on Pump.fun surpassed $1M in market cap over 24 hours.

Data suggests a slowdown in on-chain speculative activity.

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According to GMGN market data, on-chain speculation via Pump.fun has notably cooled, with only three "graduated" tokens managing to exceed a $1 million market capitalization in the past 24 hours. This marks a sharp decline from previous periods of intense meme coin frenzy, signaling a potential shift in trader sentiment.

While Pump.fun remains a key launchpad for speculative tokens, the reduced market performance indicates that investor enthusiasm may be waning, at least temporarily.

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