After months of excitement, the frenzy around the launch of Tokens on Solana slows down strongly. Pump.fun, the main launch platform for the same, records a marked fall in its activity and its income. Between growing mistrust and shortness of breath, the craze for these ultra -peculative tokens seems to fade.
Why does the frenzy of the same Solana run out of steam?
According to recent data, the number of new tokens launched daily on Solana dropped at 49,779 on February 19, against a record of 95,578 on January 26. This level has been the lowest recorded since January 1ᵉʳ 2025. Worse still, the Pump.fun platform saw its activity fall to 35,152 new tokens, its lowest day since Christmas 2024.
This drop in activity Of course is accompanied by a collapse of income. According to Dune Analytics, Pump.fun generated only $ 1.69 million on February 19, its lowest level since November 2024.
The same pressure under pressure
If the same has largely contributed to the boom in tokens' launches on Solana in recent months, they are now under fire. Many of them are pointed out for their highly speculative nature and their link with scams. Investors become more cautious in the face of the risks of rug in sweaters and market manipulation, common practices in the world of the same.
In addition, recent scandals have strengthened mistrust around the same. The Fiasco of the Token Libra, which ruined more than 13,000 investors, illustrates the risks of these ultra-speculative projects. Likewise, the launch of a same by the Central African Republic has aroused questions about the legitimacy of certain initiatives. These events have amplified the feeling of fear, pushing many investors to turn away from this volatile market.
Despite this slowdown, Solana remains one of the most dynamic networks of the crypto ecosystem. However, this drop in enthusiasm for tokens launches could report a consolidation phase after a period of exuberance. It remains to be seen whether Pump.fun and other similar platforms will succeed in regaining ground or if the same industry is experiencing a lasting shortness of breath.
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