The enthusiasm for the same on the Pump. The lag survival rate went below 1% for four consecutive weeks, reflecting an increasing disinterest in investors for this type of speculative assets.
The hecatombe of the same on pump.fun
The Pump.Fun platform, which specializes in the launch of the same on the Solana blockchain, has recorded a “diploma” rate below 1%since February 17. This term designates the tokens that succeed in passing the incubation phase to become fully negotiable on a decentralized Solana (DEX) exchange platform, by meeting the specific liquidity and volume of transactions.
Even during its best period in November 2024, the success rate of Pump.fun had only reached 1.67%. At that time, around 323,000 tokens had been created in a week, allowing nearly 5,400 of them to integrate the Solana DEFI ecosystem.
Today, not only has the percentage of success dropped, but the volume of token creation has also decreased considerably. According to data From Dune Analytics, the weekly average of “graduates” tokens fell to around 1,500, clearly illustrating the decline of this phenomenon.
The decline persists despite the positive market signals
This disaffection for the same is part of a context where these assets have acquired a reputation in highly speculative Paris or simple rapid enrichment vehicles for their creators.
Even the Tokens associated with public figures do not escape this trend, as illustrated by the same the same of US President Donald Trump (Trump Coin), in a fall of 84% compared to his historic record of January 19.
Notable fact, this decline continues despite the improvement of global liquidity conditions. The recent weakening of the US dollar, whose index Dxy went from 107.61 on February 28 to 103.95 on March 14, should have normally promoted a rebound in the sector.
However, as Matrixport points out in his report, “ Despite these positive developments, the same, previously one of the main sales arguments of this bull market, continue to know important difficulties, without apparent recovery ».
Matrixport analysts estimate that this slump contributed to a loss of $ 1,000 billion in the market capitalization of cryptocurrencies and could even affect bitcoin. They anticipate a possible drop up to $ 73,000, the level which according to them would provide “solid support” to the queen of cryptos.
The spectacular collapse of the memecoins market on Pump. Fun illustrates extreme volatility and the risks inherent in this category of investments. This trend could encourage investors to redouble their prudence and favor more established digital assets.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
