Memecoin market cooling and sentiment
Memecoin activity continues to fade, with traders critical of pump.fun and KOL-driven launches and urging caution with leverage.
What we know
Trenches activity is down another 10 points over two weeks. An account on X RTs a critique of pump.fun, and another account on X says 200+ KOLs failed to sell out his project.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.