基於Solana的令牌發射台泵的交易活動急劇下降

該平台的總銷量從1,190億美元下降到440億美元，在過去四天中僅進行了21億美元的交易。

Solana-based token launchpad Pump.fun saw a steep drop in trading activity, with volume plummeting 63% from January to February 2025, according to data from Dune Analytics.

根據Dune Analytics的數據，總部位於Solana的令牌發射台泵。FUN的交易活動大幅下降，從2025年1月到2025年2月，數量下降了63％。

The platform’s total volume slid from $119 billion to $44 billion, with only $2.1 billion in trades over the past four days.

該平台的總數量從1,190億美元下降到440億美元，在過去四天中僅進行了21億美元的交易。

New token launches on Pump.fun also slowed down. At its peak in January, nearly 1,200 tokens were launching daily, but that number dropped to less than 300 per day by early March.

新令牌在泵上發射。圖也放慢了速度。在一月份的頂峰上，近1200個令牌每天都在推出，但到3月初，這個數字每天下降到每天不到300。

Trading volume for its “graduated tokens”—those that reached $100,000 in market cap to move to Raydium—plunged 94% from January highs of $3 billion to about $170 million. The platform’s token graduation rate—which tracks new coins reaching $100,000 in market cap to move to Raydium—also slowed, dropping from 1.85% to 0.83% weekly.

其“畢業令牌”的交易量（該公司的市值達到了100,000美元以轉移到Raydium），從1月份的高點為30億美元，達到約1.7億美元。該平台的代幣畢業率（該畢業率都追踪了新硬幣，達到了100,000美元的市值，以搬到Raydium，也減慢了下降，每週下降到1.85％至0.83％。

Despite the downturn, February’s trading volume remains the fourth-highest month for Pump.fun since its launch in January 2024.

儘管經歷了低迷，但2月的交易量仍然是自2024年1月推出以來pump.fun的第四高月份。

Pump.fun co-founder Alon Cohen attributed the slowdown to broader market conditions, explaining that when the market dips, altcoins and memecoins follow suit. However, he noted that Pump.fun’s share of revenue in the on-chain ecosystem remained stable. Over the last 30 days, the platform pulled in $74 million in revenue.

Pump.Fun聯合創始人Alon Cohen歸因於更廣泛的市場條件，並解釋說，當市場下降，Altcoins和Memecoins效仿時。但是，他指出，泵。在過去的30天中，該平台獲得了7400萬美元的收入。

The downturn hints at trader fatigue within Solana’s memecoin ecosystem. Months of hype have been followed by growing distrust, fueled by rug pulls, influencer-driven schemes, and insider trading groups. Speculative surges like those seen with presidential, influencer, and AI-themed tokens often fizzle out as the risks become clearer.

經濟低迷暗示了Solana的Memecoin生態系統中的Trader疲勞。在地毯，有影響力的驅動方案和內幕交易小組的推動下，幾個月的炒作越來越不信任。像總統，有影響力的人和AI主題的代幣相比，隨著風險變得更加清晰，投機性的激增通常會消失。

The controversy surrounding “Libragate” is a prime example. The token, backed by a group including Hayden Davis, shot up after receiving Argentine President Javier Milei’s endorsement. But it turned into a $107 million rug pull, with 86% of investors losing at least $1,000.

圍繞“ Libragate”的爭議是一個很好的例子。在包括海登·戴維斯（Hayden Davis）在內的一個團體的支持下，該代幣在接受阿根廷總統賈維爾·米利（Javier Milei）的認可後爆發。但是它變成了1.07億美元的地毯，其中86％的投資者損失了至少1,000美元。

Looking ahead, Pump.fun isn’t standing still. It recently launched a mobile app and teased a native automated market maker.

展望未來，pump.fun並沒有靜止。它最近啟動了一個移動應用程序，並取笑了一個本地自動化的做市商。

Regulators are also taking note. In a statement, the SEC clarified that memecoins aren’t securities, but warned that fraud and market manipulation will still be pursued.

監管機構也在註意。 SEC在一份聲明中澄清說，Memecoins不是證券，但警告說，欺詐和市場操縱仍將被追捕。