Trading volume on Pump.fun, a prominent Solana-based token launchpad, has dropped by 63% from January to February 2025 amid growing uncertainties about meme coins.
Data from Dune Analytics shows that Pump.fun’s trading volume declined from $119 billion in January to $44 billion in February, marking its lowest level since October 2024. Despite this, trading activity recorded $2.1 billion over the past four days, highlighting a significant slowdown.
This decrease in activity is also evident in the number of new token listings. At its peak on January 24, the platform launched nearly 1,200 new tokens daily, but as of early March, this number has fallen to below 300.
Pump.fun co-founder Alon Cohen commented on the situation, attributing the slowdown to the overall market downturn.
