Pump. fun meme token daily trading volume has fallen by 94% since January

The share of successfully listed coins on Raydium fell to 0,83%

05.03.2025 - 09:10

2 min

What’s new? Daily trading volumes of meme tokens created on the largest meme token launchpad in the Solana network, Pump. fun, and subsequently listed on Raydium decentralized exchange (DEX), fell 94% from a peak of $3 billion in January to $170 million as of March 4.

Material by The Block

What else is known? In addition, fewer and fewer coins created on the platform reach a capitalization of $100 000, which is a prerequisite for their listing on Raydium.

Thus, their share of the total number of weekly coins created on Pump.fun fell from 1,85% to 0,83%. The falling figures reflect both the general cooling of the market and the changing sentiments of traders regarding meme tokens.

Extremely high activity in this segment of the crypto market has been seen since the fall of 2024, but the volatility of meme tokens, coupled with a high incidence of fraud and insider trading, may have contributed to a decline in confidence in this asset type as a whole.

Media: DOGSHIT2 meme token launched by investor representatives in the case against Pump. fun launchpad

At its peak, the asset’s capitalization exceeded $23 million

Since launching on January 19, 2024, Pump. fun has earned over $585,4 million in fees. There are 14,3 million addresses on the platform, and the total number of meme tokens launched is approaching 8,3 million. Trading volume over the past two weeks totaled $1,5 billion, according to data from the Dune platform.

At the same time, Pump. fun continues to evolve: the team recently launched a mobile app and announced the launch of its own DEX, which, according to analysts’ estimates, could lead to a 30-50% drop in trading volume on Raydium.

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