The Meme coin market has significantly cooled down, with several issuance platforms having zero graduated tokens in the past 24 hours.

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On September 29, according to @adam_tehc Dune panel data, the market for Meme coins has significantly cooled down. In the past 24 hours, the number of graduated tokens on Pump.fun has dropped to 64, while the number for LetsBonk has fallen to 9. The issuance platforms such as LaunchLab under Raydium, Wavebreak under Orca, Believe, and BAGS have all recorded 0 graduated tokens in the past 24 hours. In the last 24 hours, there were 62,641 active addresses on Pump.fun, 8,790 active addresses on LetsBonk, and the rest of the platforms had fewer than 400 active addresses. Additionally, in the past 24 hours, the token issuance on Pump.fun was 13,206, and on LetsBonk it was 1,228, with the total for other token issuance platforms being around 600. Pump.fun previously recorded a daily issuance of 45,465 tokens on November 17, 2024, during the Trump election month, which is currently about a 70% decline from the peak.

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