The Solana-based meme coin generator Pump.fun has seen a decline in attention and on-chain data from Dune reveals that the number of meme tokens launched on the platform has dropped below 12,000. Despite reaching its peak in January when over 71,700 meme coins were created in a single day, Pump.fun has since faced issues including a decline in the TRUMP meme coin and legal concerns. The platform's future success remains uncertain, but crypto experts believe meme coin projects with sustainable utilities, such as NFTs and dApps, will withstand the bearish trend in the crypto market.



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