Pump.fun's average daily trading volume plummeted 82% to $560 million, falling to its lowest level since Christmas

PANews February 13th news, according to The Block, the trading volume of Pump.fun tokens on Solana has cooled down recently, with an average daily trading volume of only $560 million in the past week, hitting a new low since Christmas 2024, compared with three weeks The previous single-day maximum of US$3.13 billion fell sharply by 82%.

In addition, the Raydium graduation rate of Pump.fun tokens is also declining, with an average of only 1.04% of the tokens successfully graduating last week, compared with 1.54% and 1.59% respectively in the first two weeks. Meanwhile, Jito validator tips on Solana's network also fell from 68,500 SOL ($17.5 million) two weeks ago to 23,800 SOL ($4.8 million) last week, indicating a decline in transaction activity.

Solana's recent meme coin market has been described as a "roller coaster for euthanasia" effect, that is, the market value high of each round of the new currency has gradually decreased. For example, $TRUMP once reached $75 billion FDV, while subsequent $MELANIA, $VINE, $JELLYJELLY and the latest $JAILSTOOL market value peaks fell to $13 billion, 500 million, 250 million and 220 million in turn, indicating that market sentiment has gradually cooled down, indicating that market sentiment has gradually cooled down .