Oh glory… Pump.fun — or rather, Dump.fun — is losing strength.
The base of active traders on the Solana network has dropped by 85% since the beginning of 2025, plummeting from 4.8 million to just 680 thousand users — a decrease of 7x in the number of participants.
The data makes it clear that the speculative cycle of memecoins is exhausted: when the flow dries up and the hype disappears, liquidity evaporates and activity vanishes quickly.
Easy narratives may attract crowds, but sustainability only comes with real utility.
#Solana #SOL #Crypto #Crypto #PumpFun #Memecoins #CryptoMarket #OnChain #Investimentos
