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.