Samecoin Launchpad Pump.fun, based in Solana, experienced a substantial drop in graduate tokens in the platform while the last frenzy of the same is moving away.
Pump.fun tokens enter a liaison curve during creation, where their price increases as more tokens are purchased. When the market capitalization of a token reaches around $ 100,000, it “graduated” and is listed on the decentralized Raydium exchange. Pump.Fun then deposits about $ 17,000 in liquidity in the Raydium swimming pool and burns the corresponding liquidity supplier tokens to ensure that liquidity remains locked and to reduce the risk of carpet firing.
Pump.fun Tokens had led highly on the last wave of the same after the high -level launches of President Trump and the First Lady Melania Trump in January, coming in crescendo after Argentinian president Javier Milei controversial The launch of tokens and the founder of Barstool Sports Dave Portnoy Manigances even Earlier this month.
A record of 71,735 tokens was launched via Pump.Fun on January 23, according to a Dune Analytics dashboardOnly a few days after Donald Trump revealed His own official same and was inaugurated as president. Who coincided with record daily negotiation volumes against pump graduated tokens.
However, the number of launches of daily tokens has since collapsed nearly a third of this January peak, with 25,385 tokens launched on February 26 after the sharp decline.
Tokens pump.fun launched by date. Picture: Analytics of the dunes.
A total of 24,008 tokens reached Raydium last month. However, as we pay at the end of February, the number of graduates tokens this month was also collapsed at 11,532 – less than half of the turnover of January – in a trend that seems to accelerate. Last week, 2,184 tokens graduated against 717 this week so far, as a member of the Nomanoman.eth community first note.
With the volume of tokens created, the percentage of graduates was also already down, having reached a summit at 2.1% in June 2024. At the time when launches of daily tokens and trading volumes had reached a peak, which had fallen to 1.6%, subsequently low of all time of 0.7% earlier this week, according to the block of the block. data board.
Why are Pump.fun figures due?
Samecoins was one of the hardest affected sectors of the recent sale of cryptographic markets while traders have tired of the perpetual extraction of the pump and discharges in multiple tokens. THE Same GMCI The index, representing the largest mecoins by market capitalization, fell by more than 30% in the last month and 45% since the start of the year at the end of the media threshing.
The cabinet was also faced with various judicial disputes recently, with law firms demanding Earlier this month, the platform removes the same which infringes the intellectual property of their customers, including the names and logos of the company. A collective recourse in January also heard Pump.fun for having allegedly offered and sold “highly volatile” titles not registered with investors.
Wednesday hack of the Pump. Fun account to promote fraudulent tokens and a reaction against essay Of his own AMM functionality, potentially to replace Raydium, does not help things.
Pump.fun was also criticized for his level of extraction of the costs. The platform has won more than 3 million soil in total income since its launch in January 2024, according to data of the chopped crypto investment company, after facilitating the deployment of more than 8 million tokens.
Similar to its other measures, the daily income of the pump have peaked in $ 15.4 million On January 25, then fell to only $ 1.1 million on Wednesday.
As of February 26, Pump. according to The Blockchain Lookonchain analysis platform. Soil is currently negotiated for around $ 140, according to the block Solana price Page, having lost more than 40% in last month.
SOL / USD THAT PRICE. Picture: Block / tradingView.
The block set out to Pump.fun to comment.
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