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The crypto market is experiencing a decline, particularly impacting the popularity of memecoins. Notably, the number of coins minted on the Solana 
$158-based platform Pump.fun has fallen to its lowest level since September 2024. Current data shows that the daily creation of coins on this platform has dropped below 12,000. Experts warn that projects lacking sustainable use cases may soon disappear from the market.
Reasons Behind the Decline of Pump.fun
Pump.fun gained rapid popularity at the beginning of 2024 by allowing users to create memecoins without requiring technical expertise. However, the platform lost momentum following the collapse of LIBRA coin in February and the significant value drop of well-known memecoins like TRUMP. The TRUMP coin’s value decreased by 82% from its all-time high, leading to considerable disappointment among users.
This decline directly affected users’ confidence in short-term profit-oriented altcoin projects. Additionally, legal issues faced by certain coins and a lack of liquidity have tarnished the platform’s reputation. Technical problems within the Solana network have also led users to seek alternatives.
What Lies Ahead for Memecoins?
Experts emphasize that projects with tangible use cases, such as artificial intelligence, NFT integration, or decentralized applications (dApps), are likely to survive. Features focused on gamification or community engagement may help shift memecoins away from being purely speculative assets.
However, it is predicted that broader trends in the crypto market will also significantly influence this process. The volatility of major cryptocurrencies like Bitcoin (BTC) 
$105,470 and the leading altcoin Ethereum (ETH) 
$2,531 directly affects the altcoin market. Analysts suggest that users may gravitate towards more stable projects, but the memecoin culture is unlikely to disappear entirely.
