The platform's fall from grace is best reflected in the PUMP token itself, which is down 40% in the last six months alone.

The platform's fall from grace is best reflected in the PUMP token itself, which is down 40% in the last six months alone.

Pump.fun's token graduation rate fell 80% to just 0.26%, crashing Solana daily fees from 33,000 SOL to 5,300 SOL as traders rotate into perpetual futures.