The post Pump.fun activity is grinding to a halt, Solana (SOL) inflows dry out appeared on BitcoinEthereumNews.com.

Pump.fun is seemingly grinding to a halt after traders left the trenches in droves. Solana (SOL) liquidity is diminishing and fewer tokens are graduating from their bonding curves.  Pump.fun lost its main fuel – the ever-hopeful traders of the trenches. With no crowd to supply Solana (SOL) inflows, fewer tokens managed to graduate to Raydium. There was simply not enough interest in raising 85 SOL for a new token unless the team was prepared to supply the liquidity.  New launches moved down to levels not seen since September 2024, when the token platform was once again considered dead. This time, however, there are even more doubts that a new wave of memes could revive trading.  Both launches and revenues on Pump.fun moved down extremely fast. The fall was exacerbated by a recent incident where a trader shot himself on camera. Days after that, the platform’s X account was hacked. Later, Pump.fun was also used to launder some of the funds of the Bybit hack. All those reputational blows further erased the appetite for memes and expectations for a recovery. Fewer tokens are graduating to Raydium Just weeks after posting record daily launches, Pump.fun is grinding to a halt. The effect of the LIBRA token, as well as rug pulls for MELANIA and other assets, broke down the entire meme token narrative. As a result, in the past day, only 68 tokens graduated to Raydium, while previously, hundreds or even thousands of assets moved to the DEX each day.  Graduating tokens slowed down, while new launches relied on the team to provide SOL liquidity. | Source: Dune Analytics At its peak, the graduation rate was up to 2% of launched tokens, dwindling to 0.8% in the past week. Up to 72% of graduating tokens got a boost from the developer team,…

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Filed under: News - @ February 27, 2025 7:18 pm