Meme Coin Launchpad Bonding Curve Volumes Drop Below $1B: Here's What It Means
Meme coin trading volumes have dropped significantly, falling below $1 billion for the first time in over six months due to increased attention towards perpetual futures trading. On a recent Sunday, Solana launchpads saw only $89.7 million in daily bonding curve trading volume and $796.2 million over the week, marking a low not seen in three months. The bonding curve is a measure of grassroots meme coin trading before tokens graduate from launchpads. Perpetual futures, which allow for greater leverage and trading without needing to own underlying assets, have surged with volumes jumping from $150 billion to $466 billion in a week. Many traders are focusing on these opportunities rather than meme coins. Industry veterans remain hopeful, believing that meme coins are cyclical and that trading volume will return. Recent trends, including heightened leverage options, have drawn traders back to perpetual trading. Despite current fatigue and reduced confidence among traders, some remain optimistic about the future of meme coins, anticipating a resurgence in their popularity and trading activity.
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