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Pumpfun Volume Drops for 4th Month Straight
Trading volumes on Pumpfun have been declining steadily since late summer, marking the end of one of the loudest retail-driven narratives of 2024–2025. Weekly activity has fallen from a peak of $3.3B to just $568M last week.
The pace of new token launches is slowing, liquidity is thinning, and most fresh drops struggle to maintain traction beyond the first hours of trading.
At the same time, capital is rotating into other high-risk but more transparent markets - primarily perpetual DEXs and prediction markets.