Solana On-chain Activity Decline: New Meme Hype Subsides, Pump Livestream Coin Market Cap Plummets

BlockBeats News, September 25th, according to GMGN monitoring, possibly affected by the continuous decline of SOL in the past week, Solana's on-chain activity has dropped significantly. Among the top 10 in the hot list by trading volume in the past 24 hours, it was almost dominated by the meme coins with the same name as MetaMask and XPL, most of which have been listed for over 10 days. This is in stark contrast to the frequent changes in the on-chain list last week. At the same time, after experiencing a brief craze, Pump live has continued to decline, and the market capitalization of Pump's live coin has dropped to below 2 million US dollars.