Pump.fun Meme Coin Frenzy Hits a Standstill

The meme coin frenzy on Pump.fun has come to a halt, with the platform’s “graduation rate” dropping below 1% for four consecutive weeks.

The “graduation rate” refers to the tokens that pass through the incubation phase and become fully tradable. Tokens must meet specific liquidity and trading requirements to graduate.

According to Dune Analytics, Pump.fun’s graduation rate dropped below 1% for the first time since February 17th. The platform’s highest rate was 1.67% in November 2024, but at that time, the number of tokens launched was significantly higher than it is now. In the week starting November 11th, 323,000 tokens were created on Pump.fun, and this rate led to approximately 5,400 tokens entering Solana’s DeFi ecosystem.

With the reduction in token production, weekly graduations have fallen to around 1,500 tokens over the past four weeks, according to Dune.

Meme Coins Struggling While Ignoring Positive Market Signals

The declining graduation rate on Pump.fun reflects a decrease in investor interest in meme coins. Meme coins became popular as quick money-making opportunities or lottery tickets for creators.

Many political figures have also launched their own meme coins, with U.S. President Donald Trump among them. Trump’s token has lost 84% of its value since reaching its peak on January 19th.

Struggles Persist Despite Increased Liquidity and Bitcoin Decline

According to Matrixport, meme coins continue to struggle despite increasing liquidity. In February, Matrixport analysts pointed out that the strengthening of the U.S. dollar had pressured Bitcoin prices and tightened dollar-based liquidity. However, since then, the U.S. dollar has weakened, which led to improvements in liquidity indicators. Despite these positive changes, meme coins continue to face difficulties even during the bull market.

The weakening meme coin market has led to a $1 trillion reduction in the crypto market capitalization. Matrixport believes that this trend could cause Bitcoin to decline further, potentially falling to $73,000, which they consider to be a “strong support” level.

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World Liberty Financial (WLFI) Secures $550 Million in Funding with Trump Family Support

World Liberty Financial (WLFI), backed by Donald Trump and his sons, has completed its token sale today, raising $550 million in funds. This update was announced on WLFI’s official website.

Launched in September, WLFI focuses on promoting decentralized finance (DeFi) and USD-pegged stablecoins to maintain the dollar’s prominence in global finance. The project’s main feature is a DeFi lending platform, similar to Aave, operating on the Ethereum blockchain and supporting Bitcoin, Ethereum, and stablecoins.

The governance token of the project, WLFI, was launched for public sale on October 15 with a target of raising $300 million. The initial sale involved 20 billion tokens priced at $0.015 each, limited to whitelisted individuals.

However, the initial sale underperformed, raising only $11 million from the sale of 766 million tokens. Due to low demand, the target was reduced to $30 million.

Trump’s Meme Coins Boost WLFI’s Success: $550 Million Raised

During the token sale, a shift occurred after the release of Trump’s official token, Official Trump (TRUMP), and Melania Meme (MELANIA) tokens. The success of these meme coins sparked increased interest in Trump-related crypto, positively impacting WLFI.

The initial token sale for World Liberty Financial closed on January 20, with 20% of the token supply sold. Due to growing demand, the project released an additional 5 billion WLFI tokens on January 20, priced at $0.05 each. By March 13, 99% of the additional tokens had been sold.

WLFI token holders can participate in decisions related to the WLF Protocol. The tokens are non-transferable for the first 12 months after launch.

Trump Family and Justin Sun Make Major Investments in WLFI Project

The project is led by Donald Trump’s sons, Eric Trump and Donald Trump Jr., with Barron Trump serving as the “DeFi visionary.” However, the project’s whitepaper clearly states that the Trump family does not own or manage the project, although they may receive compensation.

Tron founder Justin Sun is one of WLFI’s largest investors. Sun purchased $30 million worth of WLFI tokens last November, becoming the largest investor at the time. Later, on January 19, he increased his investment by an additional $45 million, bringing his total stake to $75 million.

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Bitcoin Key Intraday Levels

The BTC/USDT pair has gained 1.96% in the last 24 hours and is currently trading at $104,780. Bitcoin (BTC) continues its decline after breaking the previously identified support level at $105,766. To resume an uptrend, BTC needs to close above the $105,766 resistance level. Key support levels are at $102,584 and $101,395.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has gained 0.46% over the last 24 hours and is now trading at $3,298. Resistance levels for ETH are first at $3,440 and then at $3,535. Support levels are at $3,290 and $3,217.

Worldcoin (WLD): The WLD/USDT pair has increased by 13.91% in the last 24 hours and is currently trading at $2.14. Resistance levels for WLD are $2.30 and $2.46. Support levels are at $2.14, with further downside support at $1.96.

Bonk (BONK): The BONK/USDT pair has gained 12.50% in the last 24 hours and is currently trading at $0.00003265. Resistance levels for BONK are $0.00003478 and $0.00003725. Support levels are $0.00003220, with additional support at $0.00003004 if the decline deepens.

Hyperliquid (HYPE): The HYPE/USDT pair has increased by 13.60% over the last 24 hours and is currently trading at $26. Resistance levels for HYPE are $29 and $31.88, while support levels are $26.36 and $22.90 in the event of a deeper decline.

Trending Coins

Over the last 24 hours, the most trending coins in the crypto market include Official Trump (TRUMP), Plume (PLUME), and Melania Meme (MELANIA).
The top gainers include VeThor (VTHO), Plume (PLUME), and AI Rig Complex (ARC).
The biggest losers are Melania Meme (MELANIA), Official Trump (TRUMP), and Fartcoin (FARTCOIN).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the notable liquidation on the upside is $43.28 million at the $106,876 level, while the downside shows $39.60 million at $103,398.

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