Famous Memecoin Platform Pump.funThe trade volume of the Altcoins, which has been completed in the process, has fallen to a great extent since the beginning of the year. The volume, which reached 3 billion dollars per day in January, has now fallen to about $ 170 million. The current picture in Pump.fun reveals both the overall market cooling and the change in investor sensitivity for the Memecoins.
Pump.fun subcoins are now difficult to grow
According to the data, the growth and development of new Altcoins in Pump.fun is gradually slowing down. In January, the weekly success rate is at 1.85 percent, while now it has declined to 0.83 percent. This is much less of the Altcoins issued on the platform, exceeding the market value of 100 thousand dollars. Raydiumshows you can move.
Memecoin marketIncreasing skeptical perspective stands out as one of the reasons for this slowdown. The number of investors has become more cautious due to rapidly increasing Rug Pull cases, suspicious phenomena promotions and information leaks from the inside.
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Can pump.fun go on his way?
Pump.fun has reached $ 570 million since its release in January 2024. This figure is the platform memecoin It reveals its groundbreaking role in its market and how great it can have in speculative periods. However, there are important question marks such as whether the Pump.fun platform can maintain the success of the platform, or whether it will disappear with the extinct memecoin wind.
The platform has recently taken new steps to survive long -term. While publishing the mobile application, he plans to start his own local AMM soon. However, whether these developments will protect the future of the platform, it is still uncertain and the reaction of market participants to these developments remains skinny.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
