Pump.fun launches down more than 80% from peak
A recent spate of scandals have dampened retail sentiment on memecoin trading.
Successful new token listings on memecoin platform Pump.fun are down more than 80% from January highs, according to data from Dune Analytics.
The daily number of tokens completing Pump.fun’s “bonding curve,” a prerequisite to listing on a decentralized exchange (DEX), is down to about 200 on Feb. 26 from as high as nearly 1,200 on Jan. 23 and 24, according to data from Dune Analytics.
Bonding involves bootstrapping trading liquidity in Solana (SOL) tokens directly on Pump.fun before a memecoin migrates to Raydium, Solana’s most popular DEX.
