The Meme coin market has significantly cooled down, with several issuance platforms having zero graduated tokens in the past 24 hours.

According to BlockBeats news on September 29, based on data from the Dune panel by @adamtehc, the market for Meme coins has significantly cooled down. In the past 24 hours, the number of graduated tokens on Pump.fun has dropped to 64, while the number of graduated tokens on LetsBonk has decreased to 9. The number of graduated tokens on platforms such as LaunchLab under Raydium, Wavebreak under Orca, Believe, and BAGS has been 0 in the past 24 hours. In the past 24 hours, there have been 62,641 active addresses on Pump.fun, 8,790 active addresses on LetsBonk, and all other platforms had fewer than 400 active addresses. Additionally, the token issuance volume on Pump.fun in the past 24 hours was 13,206, while the token issuance volume on LetsBonk was 1,228, with the total issuance from other platforms being around 600. Pump.fun previously recorded a single-day issuance of 45,465 tokens on November 17, 2024, during the Trump election month, which is currently about a 70% decrease from its peak.