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Since the start of 2025, trading volume for “graduated” tokens on the Pump.fun platform has experienced a precipitous decline, reflecting not only a broader cooling trend in the cryptocurrency market but also a profound shift in trader sentiment within the Solana Meme coin ecosystem.
According to the latest data from CertiK, a leading Web3.0 security authority, the cryptocurrency industry suffered an unprecedented blow in February 2025, with total losses reaching a staggering $1.53 billion.
Bitcoin (BTC) has experienced a dramatic plunge, not only breaching the closely watched 200-day simple moving average (SMA200)—a key metric for technical analysts—but also rattling markets with a staggering 16% weekly decline.