Solana’s token launch activity has significantly slowed down, with new token releases dropping to 49,779 on February 19, down from 95,578 in late January.
This marks the lowest launch count since early 2025. The decline follows a surge in memecoins, which, after gaining attention in January, are now facing increased scrutiny due to speculation and fraud.
Political figures like Donald Trump sparked the memecoin frenzy, but a scandal involving Argentine President Javier Milei further dampened the excitement.
Milei’s tweet about the Libra token, which he claimed was linked to Argentina’s economy, led to accusations of insider trading and a $251 million loss for investors.
Pump.fun, a key platform for Solana’s token launches, also saw a sharp decline, recording only 35,152 new tokens on February 19 and a drop in revenue to $1.69 million.
As memecoins face criticism, concerns are rising about their negative impact on the broader altcoin market, with many top cryptocurrencies hitting yearly lows.
In response, the U.S. SEC launched the Cyber and Emerging Technologies Unit to investigate blockchain fraud and protect retail investors.
The recent launch of the TOKEN6900 (T6900) meme coin presale is a refreshing sight in a market oversaturated with presales focused on providing utility. Token6900 returns to the roots of meme coins, offering no utility. This is precisely what makes it appealing to those seeking a high-risk, high-reward asset to stockpile. Marketed as the world’s […]
XRP trading volumes have doubled in the past 24 hours. Although the price action has not reacted as expected yet, something could be brewing as bulls could be accumulating tokens at these low prices in anticipation of the token’s next leg up. Yesterday, the market reacted quite positively to the approval of the first Solana […]
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.