Memecoin and launchpad activity on Solana
Solana-focused traders shared metrics and calls, led by pump.fun's $PUMP figures and launchpad promotion, amid a cautious tone about paper-handing winners.
What we know
An account on X reported $PUMP daily volume of $370M (-9%), $1.37M revenue and a 92% SOL market share. Another account on X RT'd a 23x+ $SAFU call. Another account on X RT'd the launch of $CYPH pairs on a Zcash-native launchpad, and another account on X urged traders not to sell early.
How the story developed
Solana-focused traders shared metrics and calls, led by pump.fun's $PUMP figures and launchpad promotion, amid a cautious tone about paper-handing winners.
Solana memecoin traders complain about snipers, KOL-driven metas, and weak launchpad revenue, with many declaring the trenches cooked.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.