Worthwhile new token listings on memecoin platform Pump.good are down better than 80% from January highs, according to data from Dune Analytics.
The day by day number of tokens ending Pump.good’s “bonding curve,” a prerequisite to itemizing on a decentralized alternate (DEX), is true all the way in which through which proper all the way down to about 200 on Feb. 26 from as extreme as nearly 1,200 on Jan. 23 and 24, according to data from Dune Analytics.
Bonding consists of bootstrapping on the lookout for and promoting liquidity in Solana (SOL) tokens immediately on Pump.good forward of a memecoin migrates to Raydium, Solana’s hottest DEX.
Total Pump.good token launches — regardless of whether or not or not or not or not they finish bonding — adopted the equal trajectory, dropping from highs of higher than 70,000 on Jan. 23 to roughly 25,000 on Feb. 26, Dune data confirmed.
Pump.good tokens ending bonding on daily basis. Current: Dune Analytics
Related: Solana shorts spike amid memecoin scandals
Dampened sentiment
Follow on Pump.good and on the Solana neighborhood declined in February after a sequence of memecoin-related scandals soured sentiment amongst retail retailers.
Solana seen explosive progress in 2024 largely ensuing from memecoin on the lookout for and promoting, with the chain’s entire value locked (TVL) rising from spherical $1.4 billion to better than $9 billion that yr, according to DefiLlama.
All by means of the fourth quarter of 2024, utility revenues on Solana elevated by 213%, primarily attributable to memecoin speculation, according to a report by crypto evaluation agency Messari.
Nonetheless, in 2025, insider selling and enormous losses for retail began to bitter sentiment on Solana’s memecoin ecosystem.
On Feb. 14, Libra (LIBRA), a memecoin seemingly endorsed by Argentine President Javier Milei, erased some $4.4 billion in market capitalization inside hours of launching.
Pump.good co-founder Alon said in a Feb. 17 X submit he was “disgusted” by the events surrounding Libra, together with he designed Pump.good as a method to “democratize coin creation to assemble in a baseline stage of safety, simplicity, and fairness for every launch.”
Since January, retailers have misplaced roughly $2 billion all by the use of 800,000 wallets on Official Trump (TRUMP), US President Donald Trump’s official memecoin.
The TRUMP launch was “the clearest attainable occasion of the insider recreation reaching its apex,” Westie, a Blockworks evaluation analyst, said in a Feb. 16 article on X.
Even Pump.good itself fell sufferer to a memecoin rip-off. On Feb. 26, the Pump.fun X account was compromised to promote a fake governance token usually known as “PUMP” and utterly completely totally different fraudulent money.
Journal: Trump’s crypto ventures raise conflict of interest, insider trading questions