If the same were the big winners of the start of the year, the enthusiasm seems to run out of steam. In particular on Pump.fun: The Solana's Launcher (Sol) has seen its volumes fall by 95 % since January.
The same for pump.fun no longer arouse the same interest
At the height of the craze on Pump.fun, The exchange volume of the same transferred to Raydium was particularly high : More than $ 3 billion on the only day of January 19, 2025, according to data from The Block. But since then, the rush to the same seems to have short of breath.
During yesterday, The volume of the same of Pump. Fun transferred to Raydium only amounted to $ 146 million. This corresponds to a 95%fall, which clearly shows that enthusiasm is no longer as present.
The volume of transaction of the same launched on Pump.fun and transferred to Raydium
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Furthermore, it can also be emphasized that on the gigantic mass of even launched each month, less and less reach the Grail: reach $ 100,000 in capitalization and thus be launched “in real” on Raydium. On March 1, only 0.7% of the tokens launched on Pump.fun thus reached this goal, compared to almost 2% last November.
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Too many controversies?
Controversies surrounding Pump.fun do not seem foreign to this withdrawal. The launch of several same people associated with celebrities-including the President of the United States-has aroused a share of criticism. In addition, many apparent sweaters have taken place. And more generally, accusations of initiates were legion.
As often in the world of the same, The excessive enthusiasm therefore gave way to an equally important mistrust. Especially since the slowdown also took place in the wider ecosystem of cryptocurrencies. The lessons of the latter fell significantly, against the backdrop of geopolitical tensions and economic uncertainty.
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Hence this result: the same that struggles to convince in recent weeks. The trajectory of Pump. Fun remains notable : The Launcher has been successful that he has recently released a mobile application and he alone has contributed to the rise in Solana's soil course in recent months.
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Source: The Block
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Cryptoast publication director, I discover Bitcoin and Blockchain technology in 2017. Since then, I have accumulated a vast knowledge of the web3 and I strive to share high quality content to democratize this sector with the general public. Thanks to a devoted and passionate team, Cryptoast has become an essential reference, providing in -depth analyzes and relevant information for all enthusiasts and curious about the universe of cryptocurrencies and web3.
Clément Wardzala
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