Memecoin tins for Pump.fun don reduce kpatakpata as traders don go face Bitcoin sake of market wey no stable
Pump.fun, one big platform for memecoin wey dey on Solana, don see heavy drop for how e dey active. Everyday memecoin dem dey put out don fall by 56.3%, from 72,000 to 31,000. The money dem dey make from fee don also fall by 94% from the high point of $15.38 million for January reach $791,500 for March. The number of memecoins wey dey 'graduate' go bigger market don too divide by half, from 1.4% to 0.7%. This one show say investors no trust new Solana memecoins like before. This fall happen at the same time wey the overall crypto market correct by 22% since January 2024. The total money for the market don fall to $2.85 trillion and Bitcoin power don rise to 59.1%. Bad market feeling don come because some popular memecoins don crash, like LIBRA wey fall from $4.6 billion to $220 million, and TRUMP price wey fall back sharply by 83%. Pump.fun don try to do something by launching a mobile app and planning new ways to make money easy to move so dem go fit attract users. For now, money wey dey available and how people ready to take risk still dey gather around Bitcoin. Memecoin market money still dey stand at $53.04 billion. Crypto traders suppose notice say this market dey shake well well and money dey move more go Bitcoin and comot from other risky coins. This make Bitcoin the safer place to keep money for now.
Bullish
Di big drop for memecoin activity and money wey dem make on Pump.fun, join wit di way high-profile tokens like LIBRA and TRUMP just dey crash anyhow, don make pipo no too wan take risk wit speculative altcoins again. Na why market money just dey rush enter Bitcoin, wey show say e get more power and e stable even as other parts of di market just dey shake. Traders just dey comot from memecoins and dey go enter Bitcoin as dem see am as safe place, wey support say Bitcoin go likely do well for short to medium term, but e show say Solana-based and other altcoin projects go dey weak for short term. Only some memecoins wey tie to big events fit see small jump, but for overall, Bitcoin na im benefit from all dis money movement.