Trading volume on Pump.fun dropped 63% in February, with revenue reaching nearly $74 million.

From Cointelegraph

March 4, 2025 4:54:15 pm:

Trading volume on Pump.fun, a Solana ecosystem token launchpad, dropped 63% from January to February 2025, falling from $119 billion to $44 billion. New token listings also decreased, with daily listings dropping from nearly 1,200 to below 300. Despite the decline, Pump.fun’s revenue over the last 30 days reached nearly $74 million.

Memecoin trading has declined amid fears of insider trading, rug pulls, and fraud. High-profile incidents, such as the $107 million “Libragate” rug pull, have raised concerns. Anastasija Plotnikova of Fideum stated that memecoins have shifted from social experiments to schemes targeting retail investors. The SEC confirmed memecoins aren’t securities but will still police fraud.

Read more at Cointelegraph: Pump.fun volume drops by 63% in February