Meme Coin Market Cools Significantly, Several Issuance Platforms Have a 24-Hour Rug Pull Count of 0

BlockBeats News, September 29th, according to @adam_tehc Dune Dashboard data, the Meme coin market has cooled significantly. In the past 24 hours, the number of Pump.fun Meme tokens has dropped to 64, and the LetsBonk Meme tokens have dropped to 9. Launch platforms under Raydium like LaunchLab, under Orca like Wavebreak, Believe, BAGS, and others have all seen their Meme token count drop to 0 in the past 24 hours. There were 62,641 active addresses on Pump.fun and 8,790 active addresses on LetsBonk in the past 24 hours, while the rest of the platforms had fewer than 400 active addresses.

In addition, in the past 24 hours, Pump.fun issued 13,206 tokens, LetsBonk issued 1,228 tokens, and the total issuance from other token platforms was around 600 tokens. Previously, Pump.fun had recorded a peak daily issuance of 45,465 tokens on November 17, 2024, during the Trump election month, showing a current drop of about 70% from the peak.