The number of tokens issued in the blockchain Solana has noticeably decreased. On February 19, the number of daily token launches on Solana fell to 49 from a record high of 779 on January 95, the lowest since early 578, according to Solscan data.
The decline is primarily due to a decline in activity on the pump.fun memcoin launch platform, which accounts for about 60% of the network's releases. Solana .
On February 19, the pump.fun platform registered only 35 new tokens, which was the lowest number since December 152, 25. According to Dune Analytics , revenue fell to $1,69 million, which was also the lowest since early November last year.
In January 2025, memecoins experienced a resurgence after US President Donald Trump launched his token TRUMP, kicking off a new wave of memecoin hype that peaked with the debut of the Harrier Miley-linked LIBRA coin. However, the launch of this cryptocurrency turned into a financial disaster. According to estimates by analytics company Nansen, 86% of LIBRA traders lost at least $1000. After the collapse of this memecoin, interest in meme tokens began to decline.
