As a Major On-Chain Activity Hub of the Solana Ecosystem, Pump.fun Naturally Faces a Downward Trend
According to a previous report by Zombit, only an average of 0.83% of new tokens created daily on Pump.fun successfully “graduate” to the Raydium decentralized exchange (DEX). This is a decrease from 1.6% in the third week of January, representing a drop of 0.71%. Considering that the platform creates hundreds of thousands of new tokens every day, this decline is quite significant.