In the ever-changing landscape of cryptocurrency, we often find ourselves asking: are meme coins just here for a good laugh, or do they truly have staying power? As the broader market wades through bearish waters, it seems meme tokens are among the first to fade into the background, losing their once-vibrant allure. Recent data from Dune, an insightful analytics platform, indicates that the number of tokens generated on the Solana-based meme creator Pump.fun has tanked, dipping below a disheartening 12,000. This article delves into the surge and subsequent decline of meme coins, particularly exploring the journey of Pump.fun since its explosive launch in early 2024. With the rise of tokens like TRUMP and the fallout from recent crashes, the future of these quirky cryptocurrencies is uncertain. How can they regain the spotlight or pivot to remain relevant? Join me as we dissect the implications of this meme coin saga! LEARN MORE
While the broader crypto market is experiencing bearish trends, several cryptocurrencies are experiencing reduced attention. Meme coins are among such assets.
On-chain data from the blockchain analytics platform Dune reveals that meme tokens created using the Solana-based meme coins generator Pump.fun have declined to lows from September 2024. As of this writing, the total tokens launched on the meme token generator have dropped below 12,000.
Pump.fun Tokens Down
Since its debut in January 2024, Pump.fun has become a go-to platform to create meme coins on the Solana blockchain. This is mainly because the platform allows users to deploy meme tokens with minimal or zero programming language knowledge and technical expertise in creating and managing a cryptocurrency.
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