Crypto
Solana Pump.fun activity slumps, token price down 40 percent in six months
Activity on Pump.fun, a token launchpad that once led the Solana meme coin market, continues to shrink. The Block reported that Pump.fun’s token graduation rate, revenue and total fees on the Solana network have all fallen sharply. The platform’s seven-day average graduation rate slid to 0.26 percent last week. Average daily revenue in June has been $800,000, down from $4.8 million six months ago. The PUMP token has fallen 40 percent over the past six months.
