BarbieCrashBandicootRFK888Inu priceSOLANA

$SOL | Solana is nearing the $118 support, which has acted as a major pivot since April 2024. Hold, we potentially get a move to $146 (+23.7%). Break, next support is at $100 (–15.3%). (See SOL.D and SOL/BTC charts in comments)

Solana Dominance is sitting at 2.4%, close to the bottom of a 400-day range (2.3%–3.72%). Historically, this zone has also marked turning points.

Pump.fun, a platform central to Solana’s meme coin boom last year, continues to see sharp declines in protocol fee revenue and overall trading volume. Current data reveals a stark difference from its peak activity earlier in 2025. As of March 28, Pump.fun’s protocol fee revenue stands at $1.2 million, according to data from DefiLlama. This is a significant drop from January, when the revenue was $7.07 million. Specifically, this marks an 83% decline from the all-time high in just three months. While this marks a slight improvement from a low near $671k reported just last week, the steep decline highlights a significant contraction in user activity. The platform now faces considerable loss in both revenue and market presence within the Solana meme coin ecosystem. Related: Pump.fun: Here’s Why We Launched Our Own DEX, PumpSwap Meanwhile, trading volume on Pump.fun has also experienced a steep decline. As of Friday, the daily volume stood at $97.21 million, compared to $390.3 million in January. This marks a more than 75% decrease from its peak. The decline in Pump.fun’s revenue and trading volume is part of a broader slowdown in the meme coin market, which had seen massive growth in 2024. A report by Binance revealed that meme coins were the top-performing crypto sub-sector in 2024, with average gains of over 212%. Solana became the go-to blockchain for meme coin trading, and Pump.fun played a key role. In 2024, Pump.fun facilitated the launch of over 5.7 million new meme coin projects and generated more than $400 million in revenue. Related: Solana-Based Pump.fun Becomes Top Player in Meme Token Deployment However, market sentiment seems to have shifted significantly in 2025. Many now view the sector, initially popular for perceived “fair launch” opportunities, as increasingly fraught with fraud and manipulation risks. Adding to the platform’s woes, Pump.fun itself was recently compromised. On February 26, the platform’s official Pump.fun X account was hacked and used to promote fraudulent tokens, including a fake governance token named PUMP. Related: Pump.fun Hit With Class Action Lawsuit, Accused of Securities Violations Separately, Pump.fun became the target of investor lawsuits starting in January. One suit alleges the platform’s easy token launch process facilitated the creation and promotion of unregistered securities, claiming influencers were used misleadingly, resulting in investor losses. That suit seeks rescission of token purchases, damages, and attorney’s fees. This followed a similar earlier lawsuit which, in addition to alleged securities law violations, also accused Pump.fun of allowing the promotion of inappropriate content via its platform. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BUIDL AUM on Ethereum vs. Solana is an interesting metric to follow

Donald Trump made history as the first U.S. president to debut an official meme coin, TRUMP, on Jan. 17, 2025—three days prior to his swearing-in ceremony. Notably, Melania Trump followed with her own digital asset, MELANIA, unveiled on Jan. 19, 2025, a mere 24 hours ahead of the presidential inauguration. As of publication, the circulating supply of TRUMP tokens stands at 199,999,976, representing a fraction of the total fixed supply, which is capped at 1,000,000,000 coins. The leading external holder of TRUMP tokens, excluding the project, is Binance, which notably commands 25,151,426 TRUMP—equivalent to 12.58% of the circulating supply—on its exchange platform. OFFICIAL TRUMP/USD via Coinbase on March 29, 2025. Following Binance, a pseudonymous entity holds 16,034,161 TRUMP—8.02% of the circulating supply—within a single Solana account. The token’s creator or issuing entity retains 15,019,350 TRUMP, accounting for 7.51% of the 199,999,976 tokens in circulation. A separate Binance wallet holds roughly 15,000,000 TRUMP, comprising 7.5% of the total circulating within the cryptosphere. MELANIA/USD via Bitstamp on March 29, 2025. Since its debut, TRUMP holders have faced challenges, as the asset has plummeted 85.9% from its peak value of $73.43. Presently, TRUMP fluctuates between $9.85 and $11.25 per token relative to its seven-day simple moving average (SMA). The presidentially themed meme coin asset now boasts a market capitalization just exceeding $2 billion. MELANIA has similarly retreated, losing 95.1% of its value from its all-time peak of $13.05. Presently, the token exchanges hands at $0.61 per coin, with 150,000,000 coins in circulation. This calculates to a market capitalization just shy of $100 million—$95,250,797, to be precise. Meteora’s MELANIA-USDC liquidity pool commands the largest share of MELANIA tokens outside the project’s team allocation, holding 105,613,966 coins (70.41% of the current circulating supply). This steep decline likely stems from waning enthusiasm for meme coins amid broader market downturns. Notably, meme-centric assets have experienced disproportionately severe declines compared to other sectors during the recent crypto-market correction. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。