Enthusiasm for memecoins appears to have cooled after a series of bad launches and rug pulls killing off investor interest, according to CoinGecko founder Bobby Ong.
Metrics for token launchpad Pump.fun immediately plummeted following the Libra (LIBRA) rug, Ong data-ct-non-breakable=”null” href=”https://www.coingecko.com/research/publications/bobbys-crypto-aggregate-2025-02″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.coingecko.com/research/publications/bobbys-crypto-aggregate-2025-02″>said in a March 6 report, with newly created tokens and daily graduated tokens on the platform falling over 90% since their February peak.
“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies.” lockquote>
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Enthusiasm for memecoins appears to have cooled after a series of bad launches and rug pulls killing off investor interest, according to CoinGecko founder Bobby Ong.
Metrics for token launchpad Pump.fun immediately plummeted following the Libra (LIBRA) rug, Ong data-ct-non-breakable=”null” href=”https://www.coingecko.com/research/publications/bobbys-crypto-aggregate-2025-02″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.coingecko.com/research/publications/bobbys-crypto-aggregate-2025-02″>said in a March 6 report, with newly created tokens and daily graduated tokens on the platform falling over 90% since their February peak.
“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies.” lockquote>
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
