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The Memecoin market has significantly shrunk, with PumpFun revenue experiencing a big dump of 93.4%.
The Memecoin market is shrinking, PumpFun's strategic choices
Recent data shows that the Memecoin market is experiencing significant shrinkage. While certain platforms seem to dominate in terms of market share, the overall market size is rapidly decreasing. This trend not only affects PumpFun but also has repercussions across the entire industry.
Data shows that PumpFun's daily revenue has decreased by 93.4%. At the same time, the trading volume of the entire Memecoin market is also continuously declining. This downward trend has been ongoing since February 2025 and shows no signs of rebounding.
It is worth noting that the risk appetite for Memecoins in the Solana ecosystem is also continuously declining. Several large-scale selling events have further accelerated this trend. Retail investors' interest in Memecoins is rapidly waning, indicating that the Memecoin super cycle may have entered its final phase.
In the face of this situation, the CEO of PumpFun is confronted with difficult decisions. Simply repurchasing tokens or airdropping to users may just be short-term measures that do not fundamentally address the problem. These strategies may temporarily boost market sentiment, but they cannot reverse the overall trend of market contraction.
In comparison, PumpFun seems to have adopted a more cautious and long-term strategy. While this may lead to a decline in its current market share in the Memecoin space, it may be wiser in the long run. Competing for share in a shrinking market may be less valuable than preparing for future market opportunities.
As the cryptocurrency market enters a new cycle, utility may regain focus. PumpFun, with its strong brand, abundant resources, and clear company structure, has the potential to occupy a favorable position in the future market.
Despite the current challenges faced by the Memecoin market, the long-term prospects of PumpFun are still worth paying attention to. In the upcoming market cycle, PumpFun may attempt to explore new market areas, leveraging its existing advantages to respond to market changes.
For investors, it is important to be more cautious when evaluating Memecoin projects. Market changes indicate that projects that rely solely on hype may struggle to sustain themselves. In contrast, those projects that can adapt to market changes and provide real value may stand out in the future market.