The number of new tokens launched on Pump.fun has dropped by over 80% compared to the peak period

According to data from Dune Analytics, the number of new tokens successfully listed on the memecoin platform Pump.fun has fallen by more than 80% from its peak in January. The data shows that the number of tokens completing Pump.fun's "bonding curve" daily has dropped from nearly 1,200 on January 23rd and 24th to about 200 on February 26th.