PANews reported on March 5 that according to Cointelegraph, Dune Analytics data shows that the trading volume of Pump.fun dropped from $119 billion in January 2025 to $44 billion in February, a plunge of 63%, and the trading activity in the past four days was $2.1 billion. Amid a series of scandals, MEME coins are facing increasing scrutiny, leading to a decline in trading volume.
Additionally, the number of new tokens listed on Pump.fun is also declining. After reaching a peak of nearly 1,200 tokens per day on January 24, the number has dropped to below 300 per day in early March. Although Pump.fun's trading volume in February was the lowest since October 2024, it is still the fourth highest level since the company's launch in January 2024.
