Pump fun Trading Volume Drops 50%, Still Leads Solana
Pump fun’s daily trading volume drops 50% from its January peak, but it still dominates 60% of Solana’s daily SPL token issuance.
- Pump fun’s daily trading volume fell to $270M on February 13.
- Token creation also declined 30% from its peak.
- Despite the drop, it still dominates Solana’s SPL token issuance.
Pump fun’s Volume Drops, but It Still Leads SPL Token Creation
Pump fun, the popular Solana-based token launch platform, experienced a significant decline in its daily trading volume, falling to $270 million on February 13—a 50% drop from its peak on January 23.
At the same time, the number of tokens created using the platform also saw a decline. 50,371 new tokens were launched on February 13, marking a 30% decrease from its highest point.
Pump fun Still a Key Player in Solana’s Ecosystem
Despite this drop, Pump.fun continues to play a major role in Solana’s SPL token issuance, accounting for 60% of all daily new tokens on the network. This highlights the platform’s continued dominance in the meme coin and speculative token space, even amid declining activity.
On February 13, Pumpfun's daily trading volume was $270 million, down about 50% from its peak on January 23; the number of tokens created on that day was 50,371, down about 30% from its peak. However, Pump fun still accounts for 60% of the daily issuance of Solana network SPL…
— Wu Blockchain (@WuBlockchain) February 14, 2025
Market Sentiment and Future Outlook
The decline in Pump fun’s volume and token creation could be attributed to shifting market trends or a cooling-off period after January’s surge. However, its dominance in SPL token creation suggests that traders and developers are still actively engaged with the platform.
If market sentiment rebounds, Pump.fun may see a resurgence in activity, making it a key metric to watch in Solana’s ecosystem.
