Despite dominating 93% of its niche and raking in $1M+ daily, @Pumpfun is flailing. A $170M buyback and flashy AI trading tool couldn’t stop $PUMP from crashing over 60%. With Solana activity at a 12-month low and the meme cycle cooling fast, can even the top meme launchpad survive the downturn, or is this just the beginning of the end?
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PANews Original | $170M Buybacks & AI Tools Fail to Revive Pump(.)fun Amid Meme Market Slump
As meme coin hype fades and Solana on-chain activity hits a 12-month low,Solana’s flagship meme launchpad, @Pumpfun is losing steam. Despite holding a 93% market share and generating over $1M in daily revenue, its native token $PUMP has dropped more than 60%, sharply underperforming major crypto assets.
To reverse the trend, Pump(.)fun launched a $173.7M #buyback, the second-largest in the space, and introduced “Mayhem Mode,” an AI-driven auto-trading feature to boost liquidity. But early rollout issues and poor user feedback have limited its impact on volumes.
Beyond long-standing challenges like low token graduation rates and bot traffic, the bigger issue is a cooling meme cycle. Pump(.)fun remains a relatively strong player, but a full rebound likely depends on reigniting broader meme momentum.
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