According to The Block, the graduation rate of Pump.fun tokens has dropped to an average of 0.26% over seven days, an 80% decline over three months. Pump.fun’s daily revenue in June averaged approximately $800,000, down from $4.8 million six months earlier, while the PUMP token has fallen 40% over the past six months. Pump.fun’s decline has impacted the Solana network, with daily network fees in June dropping to 5,300 SOL, compared to 33,000 SOL in January.
Pump.fun trading activity drops 80%, Solana network fees decline
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Summary
Trading activity on Pump.fun has dropped sharply, with the 7-day average token graduation rate now at 0.26%, an 80% decline over three months. Daily revenue in June averaged $800,000, down from $4.8 million six months ago. The PUMP token has lost 40% of its value during the same period. Network activity on Solana has also slowed, with daily fees falling to 5,300 SOL in June from 33,000 SOL in January.
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