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- THIS IDEA WILL CHANGE MEMECOINS FOREVER
THIS IDEA WILL CHANGE MEMECOINS FOREVER
Memecoin Macro Update & Deep Analysis On Solana Dip + Pumpfun Launching an AMM?
Hype Train
February 24, 2025
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
MEMECOIN MACRO UPDATE!!!
PUMPFUN LAUNCHING AN AMM?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 8:20 am EST on February 24th
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $95,858 | $1.9 Trillion | -0.1% |
$ETH | $2,677 | $322 Billion | -4.6% |
$SOL | $158.79 | $77 Billion | -6.4% |
HYPE INDEX🐐
$15.13 | $3 Billion | -5.3% | |
$0.00001492 | $1.1 Billion | -5.9% | |
$0.5799 | $579 Million | -9.7% | |
$0.3187 | $318 Million | -4.4% | |
$0.0000007370 | $287 Million | -5.8% | |
$0.02399 | $230 Million | -8.7% | |
$0.2301 | $225 Million | -5.9% | |
$0.2449 | $24.4 Million | -15.6% |
MEMECOIN MACRO UPDATE🫡
$SOL | $158.79 | $77 Billion | -6.4% |
Scrolling through Artemis and CoinGecko recently, it became clear just how significant the past month has been for Solana-based memecoins. This downturn can largely be attributed to the Trump coin’s regression, the rug pull by the Argentinian president, and Solana’s price drop from $260 to $160. Currently, the Trump coin dominates the memecoin market, holding 40% of the total market cap according to CoinGecko, followed by $BONK and $WIF with 16% and 9%, respectively. The Weighted Average chart from Artemis reveals a 38% decrease in memecoin value this month. Additionally, a chart from DefiLlama, which I adjusted, illustrates an 87% drop in volume since the launch of the Trump coin. With Solana itself experiencing a 36% decline this month, the performance of memecoins appears closely tied to Solana’s overall downturn.
PUMPFUN LAUNCHING AN AMM???🗣
$RAY | $3.05 | $888 Million | -27.5% |
Pump.fun is testing its own Automated Market Maker (AMM), aiming to challenge Raydium’s position as the primary decentralized exchange (DEX) on Solana. The platform has already made a significant impact, generating over $500 million in swap fees. By building its own AMM, Pump.fun intends to retain more liquidity within its ecosystem and shift away from relying on Raydium’s liquidity pool, which would allow it to capture transaction fees and have full control over its revenue. This move poses a threat to Raydium’s market position and could drastically change the competitive landscape of Solana's DeFi space.
Following the announcement, Raydium’s token, $RAY, dropped 27%, while $CRACK, the first token added to Pump.fun's AMM pool, experienced fluctuations in market cap, reaching as high as $4.5 million, now dipped to $926 Thousand. If successful, this transition could pave the way for additional features such as memecoin perpetuals and lending. By capturing more liquidity, this could disrupt Raydium's liquidity model and change the dynamics of DeFi trading on Solana.
📣pump.fun is testing its own AMM, $RAY plunged 23% today
@pumpdotfun is exploring the development of its own AMM, which could compete with existing DEXs in the Solana ecosystem. Following this news, Raydium ( $RAY)—one of the largest DEXs on Solana—fell 23%… x.com/i/web/status/1…
— Followin (@followin_io)
3:02 AM • Feb 24, 2025
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.