Pump.fun is a cryptocurrency launchpad operating on the Solana blockchain where all users including people without technical expertise or high financial investment, can easily create and trade meme coins. Following the meme coins scandals that looted millions from investors, the user-friendly launchpad has faced a launch down of more than 80% from its peak. Some see it as an end of a meme coin era while others consider it as a fresh opportunity to invest. What is it actually, let’s take a look.
Pump.fun’s Launches Are Down
Pump.fun is known for its user-friendly interface and simplicity, allowing anyone to create a meme coin, by filling out a form detailing the information of the token, and with a single click, your token gets launched on the Pump.fun platform.
From its peak in January, the successful token listings on Pump.fun are now down more than 80%. The number of tokens completing the ‘bonding curve’ certain conditions a token has to meet before getting listed on decentralized exchanges is 200 in February which was around 1200 in January, which means a 6x decline.
The number of tokens that get launched on the coin, without considering their bonding curve prerequisite, also reduced, from a massive number of 70,000 in January to a bare minimum of 25,000.
Will The Meme Coin Plung Affect Solana?
Solana’s growth is associated with its meme coin trading, with the meme coin scandals the interest of investors towards meme coins declined, creating a plummet on Solana also.
Evaluating the 2024 market data, Solana has witnessed explosive growth, with Total Value Locked (TVL) seeing a massive increase from $1.4 billion to around $9 billion. The 2024 fourth-quarter report indicates that the blockchain pioneer has made an increase in revenue of 213% mainly with the meme coin speculation.
However, in 2025 massive sell-offs and scandals affected the Solana meme coin platform adversely, reducing its market capitalization.
Libra, a meme coin endorsed by Argentine President Javier Milei, quickly soared and then plunged, draining market capitalization of around $4.4 billion soon after launch. This event has created speculation around meme coins, making many sell off their coins, resulting in a huge loss for Solana. Though the Pump.fun design democratizes coin creation, their accessibility is exploited by scammers, paving the way to loot money from investors.
Not only Libra, but American President Donald Trump’s meme coin ‘TRUMP’ also created a loss for investors, according to reports around $2 billion across 800,000 wallets were lost. The TRUMP token launch highlights how the insiders can impact the coin price.
Not only the investors on Pump.fun, but the platform itself is a meme coin scam victim. The platform promoted a fake token called ‘PUMP’ without knowing it was a scam.
Pump.fun Plummet: A Setback Or An Opportunity?
In a crypto market, price soar and decline go hand in hand. The current decline in Pump.fun is associated with the increased scams revolving around meme coins, but it doesn’t necessarily mean that it can continue for a long time. Not only meme coins, Bitcoins, and other Altcoins are also facing a downtrend, and it is common in a volatile market.
By approaching the platform’s new launch cautiously, including conducting proper research, looking for a whitepaper, following official pages of the project, analyzing the foundation, and staying informed about the dynamic market investors can nullify the impact of the volatile crypto market and scams involved. This enables them to take advantage of the declined price, buying the assets at a lower price and selling them off when a positive market approach helps investors to make a high profit.
