Successful new token listings on memecoin platform Pump.fun are down more than 80% from January highs, according to data from Dune Analytics.
The daily number of tokens completing Pump.fun’s “bonding curve,” a prerequisite to listing on a decentralized exchange (DEX), is down to about 200 on Feb. 26 from as high as nearly 1,200 on Jan. 23 and 24, according to data-ct-non-breakable=”null” href=”https://dune.com/queries/4322646/7260251″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://dune.com/queries/4322646/7260251″>data from Dune Analytics.
Bonding involves bootstrapping trading liquidity in Solana ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/solana-price-index” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/solana-price-index”>SOL) tokens directly on Pump.fun before a memecoin migrates to Raydium, Solana’s most popular…
