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Pump.fun memecoin launchpad sees a dramatic drop in token graduations due to waning interest and market challenges.
What’s the Scoop?
- Record Highs to Slump: Pump.fun hit a peak on Jan. 23 with 71,735 token launches and $3B in daily trading volume. On Feb. 26, launches slid to 25,385.
- Graduation Rate Drop: After hitting 24,008 graduated tokens in January, this month’s numbers sank to 11,532, marking a steep decline.
- Liquidity Burn Mechanism: Once a token reaches a ~$100k cap, Pump.fun provides ~$17k liquidity on Raydium and burns LP tokens to reduce rug-pull risks.
- Hype Fades: Celebrity-fueled tokens from Trump and Milei sparked initial mania, but memecoin fatigue has set in, driving the frenzy to new lows.
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