The monthly trading volume of Pump.fun has decreased from $119 billion in January to $44 billion in February 2025, corresponding to a 63% decrease compared to the previous month.

The trading volume on Pump.fun, a Token Issuance platform in the Solana ecosystem, has decreased by 63% from January to February 2025, according to data from dune analytics. This decline occurred in the context of meme coins facing increasing scrutiny following a series of scandals.

The total trading volume of the platform has decreased from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading recorded in the past four days.

The number of new Tokens listed on Pump.fun has also decreased. After reaching a peak of nearly 1,200 Tokens per day on January 24, this number has dropped to below 300 Tokens per day in early March.

Although Pump.fun's February trading volume is the lowest since October 2024, it is still the fourth-highest revenue month for the company since its launch in January 2024.

Pump.fun co-founder Alon Cohen believes the slowdown in this activity is due to the general decline of the crypto market. "When the market goes down, altcoins and meme coins go down, and crypto activity - including on Pump.fun - also slows down," Cohen said, adding that "the platform's revenue share in the overall onchain ecosystem remains unchanged."

Pump.fun's revenue in the past 30 days has reached nearly $74 million, according to Dune Analytics.

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The article Pump.fun's Trading Volume Decreased by 63% in February first appeared on CoinMoi.