Memecoins have gotten a lot of hate in recent days, so it's no surprise that activity on both Solana and its main platform Pump.fun is declining.

The number of tokens launched on #Solana has been steadily declining since Solscan's last survey. The data shows a steady decline since February 12, when 72,660 tokens were mined, down 28% from 52,244 as of February 19.
This is 50% less than the 95,578 tokens issued per day recorded on January 25. The January high was reached on Jan. 17, when 59,146 tokens were issued on Solana after a significant increase in the week following the launch of Trump's TRUMP.
As the memcoin mania subsides, the number of new users on Pump. fun, which accounts for the majority of #token #issuance on Solana, is declining. Dune According to data compiled by Analytics, on Feb. 19, the token launch platform registered the lowest number of new wallet addresses since November.
Memcoin is on the rise and is Solana's largest source of revenue and trading activity. However, Argentine President Javier Mili's February 14 post on X, which led to the Libra token leak, left more than a bad taste in the crypto community's mouth.
Mili first publicized the Libra memcoin as a way to support Argentine SMEs. X published a post on X's website talking about He deleted the post later that day after the price of the token collapsed after insiders withdrew more than $100 million in tokens.
The memcoin story has already begun to simmer after the loss of liquidity caused by the launch of $TRUMP, but the launch of $LIBRA and but the launch of $LIBRA and but the launch of $LIBRA and the aftermath of the reset could further undermine the memcoin complex and reduce the market's need to hold SOLs, Galaxy Research wrote in a Feb. 18 note. 18
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