Pump.fun’s, the meme coin launchpad for Solana, trading volume seen a since the beginning of 2025, highlighting lessened confidence among investors towards the meme-hyped coins.
Since January, the trading volume of Pump.fun has shown a significant decline, the broader meme coin market cooling and changing investor sentiment being the major contributors. Evaluating the data from January till date, the trading volume has reduced from a massive $1 billion to less than $170 million, a 94% steep decline.
The plummet aligns with a reduction in the launchpad’s token graduation rate, from a staggering 1.85% to a mere 0.83% weekly, highlighting the reduced number of coins that hit the $100,000 market cap, the minimum value to get graduated to Raydium, a decentralized exchange built on Solana.
The value of meme coins depends on the meme hype and strong community, the increased scams and rug bulls revolving around the meme coin market lessened investors’ confidence in meme coins, resulting in the reduced rush of traders to the Pump.fun, the main platform for trading and creating meme coins.
Evolved Investor Sentiment Contribute To The Diminished Pump.fun Trading Volume
In the last few months, the crypto industry, especially the meme coin market has witnessed major scams and rug bulls, making investors concerned about the risks of investing in meme coins and the entire crypto.
Celebrity-endorsed meme coins like Libra, endorsed by Argentine President Javier Milei, whose value showed a sharp increase and then a sudden drop down hours after the launch, highlighting the involvement of insider trading which paved the way for increased suspicion on the platform.
Pump.fun platform enables users to create meme coins easily, though it is advantageous on one side, the decreased restrictions make it easy for scammers to launch fake coins and loot money from investors. According to reports, the number of tokens attaining the bounding curve, which was 1200 in January slipped to 200 in February. The number of tokens launched on the platform also saw a significant decline, from 70,000 in January to 25,000 in February.
Pump.fun Overall Impact Remains Remarkable
Though the platform is facing a downturn now, evaluating the data since its launch in January 2024, the overall growth remains impressive.
This popular launchpad has generated around $570 million in revenue in just seven months, showing the capability of Solana and Pump. fun to make gains at the time of meme coin mania. This achievement of Pump.fun is phenomenal as only a few other platforms attained such high figure revenues even in a short span of time.
Amid the declined trading volume, the platform’s plan to launch a mobile application and a native AAM highlights its long-term vision to be a strong force in the meme coin market.
However, whether the platform survives the current downturn or requires another meme coin frenzy to gain back the momentum still remains a question. But, history shows that fluctuations are part of the crypto industry, and similar to the decline a massive rise can also happen in a blink of an eye.
