Solana News: Majority of pump.fun Tokens Fail to Maintain Market Cap, Only Four Tokens Remain Above $100M

A recent development in the Solana-based meme coin market has revealed that despite generating significant revenue, the majority of tokens launched through the platform pump.fun have failed to maintain their market capitalization. Only four tokens out of the millions created have been able to stay above the $100 million mark.

Only 4 pump.fun Tokens Maintain $100M+ Market Cap

Despite pulling in more than $600 million in total revenue, the majority of tokens created through the Solana-based meme coin launcher pump.fun have either collapsed in value or disappeared from the market. Only four out of 8.7 million tokens have stayed strong enough to keep their valuation in nine digits. The platform allows anyone with a Solana wallet to mint a meme coin without any code, resulting in millions of users flooding it with random tokens. Additionally, pump.fun has launched PumpSwap, a decentralized exchange to handle trading for meme coins and Solana-based tokens created on its platform.

Best Presales to Buy Now – Which Early Coins Could 100x From Here?

With the market holding steady, investors are turning to top crypto presales, aiming to secure early positions before the next major rally. Right now, several promising blockchain projects are offering discounted entry points, allowing early adopters to capitalize on future growth. Presales provide a rare chance to invest ahead of mass adoption, setting the stage for potentially significant gains as prices rise. One of the best presale projects is Solaxy ($SOLX), making waves on the Solana network by launching its first advanced Layer 2 scaling solution designed to alleviate network congestion.

Pump.fun Launches PumpSwap DEX on Solana to Rival Raydium

Pump.fun, a popular meme coin launcher, has introduced PumpSwap, a decentralized exchange (DEX) built on Solana. The new platform promises frictionless token migrations with zero fees and enhanced liquidity, aiming to compete directly with Raydium, Solana’s dominant DEX. PumpSwap aims to resolve one of the main pain points for users: token migrations. Previously, tokens graduating from the meme coin launchpad to Raydium faced a fee of 6 SOL, or about $950. Now, the process will be instant and free, allowing projects to maintain their momentum without added complexity. The DEX operates on a constant product automated market maker model resembling Raydium V4 and Uniswap V2, allowing users to create or add to liquidity.

Solana (SOL) Faces Bearish Pressure

Solana (SOL) is currently experiencing downside pressure with technical indicators showing growing bearish signals. The price has fallen below the Ichimoku Cloud, Tenkan-sen, and Kijun-sen, suggesting downward momentum. Traders are closely monitoring key support and resistance levels as SOL struggles to regain its bullish momentum. The cloud ahead is thin and flat, indicating weak trend strength and the potential for continued sideways or bearish price action unless buyers intervene soon.