📉 Pump.fun Activity Collapses as Traders Abandon Meme coins Activity on Pump.fun, the popular meme coin launch platform on Solana, has dropped nearly 80% as traders increasingly shift toward perpetual futures trading.

🔸 The platform’s token graduation rate fell to just 0.26% last week.
🔸 Daily revenue has plunged to around $800K, down sharply from approximately $4.8M per day six months ago.
🔸 Meanwhile, the platform’s native token PUMP has declined roughly 40% over the same period.
📉 The slowdown is also hitting the Solana ecosystem:
Daily network fees on Solana have dropped to around 5,300 SOL, compared to nearly 33,000 SOL back in January.
🔸 Analysts say traders are rotating away from speculative meme coins and toward:
• Prediction markets
• Perpetual futures markets Perpetual contracts remain especially attractive due to their high leverage and lack of expiration dates.
The memecoin frenzy that once dominated Solana appears to be cooling rapidly as market attention shifts toward more liquid and “casino-like” trading products.
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