# Pump Fun Activity Plummets Amidst Memecoin Fatigue

*Author: Bankless*
*Published: Feb 27, 2025*
*Source: https://www.bankless.com/de/read/pump-fun-activity-plummets-amidst-memecoin-fatigue*

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Pump.fun memecoin launchpad sees a dramatic drop in token graduations due to waning interest and market challenges.

## **What’s the Scoop?**
- **Record Highs to Slump:** [Pump.fun hit a peak](https://bankless.ghost.io/pump-fun-activity-plummets-amidst-memecoin-fatigue/) on Jan. 23 with 71,735 token launches and $3B in daily trading volume. On Feb. 26, launches slid to 25,385. 
- **Graduation Rate Drop:** After hitting 24,008 graduated tokens in January, this month’s numbers sank to 11,532, marking a steep decline. 
- **Liquidity Burn Mechanism:** Once a token reaches a ~$100k cap, Pump.fun provides ~$17k liquidity on Raydium and burns LP tokens to reduce rug-pull risks. 
- **Hype Fades:** Celebrity-fueled tokens from Trump and Milei sparked initial mania, but memecoin fatigue has set in, driving the frenzy to new lows.
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