Pump.fun’s daily trading volume drops 27% following LIBRA’s crash

Solana-based memecoin issuance platform Pump.fun has seen a 27% drop in daily trading volume, falling from $184 million to $134 million since Argentine President Javier Milei endorsed the LIBRA memecoin on Feb. 14 before it crashed over 80% within hours, Decrypt reported, citing data from Dune Analytics. Additionally, the platform registered 59,000 new daily wallets on Feb. 18, marking its lowest level of fresh engagement since Nov. 17, 2024.