Pump.fun activity craters 80% in three months, dragging Solana fees lower as traders rotate into perps
The Block·
60-second summary
Pump.fun activity plummets 80% in three months, a drastic decline that has significant implications for the Solana ecosystem. The platform's PUMP token has suffered a 40% loss in six months, a clear indication of traders' waning interest. Meanwhile, Solana fees have dropped as traders rotate into perpetual futures, a shift that may signal a broader market trend.
The platform's fall from grace is best reflected in the PUMP token itself, which is down 40% in the last six months alone.