The popularity of meme coins appears to be fading, with fewer new tokens being introduced.
Data from Dune Analytics shows a 59% drop in memecoin launches on Solana
SOL ($176.52)
$173.64
-based Pump.fun over the past month.
This decline follows growing concerns about fairness in meme coin markets, particularly after the $4 billion LIBRA controversy, also known as Libragate, which involved Argentine President Javier Milei.
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