CryptoSlate
ANSEM, a Solana memecoin branded after prominent trader Ansem, has surged roughly 299% over the past seven days, trading $64.9 million in 24-hour volume with a market cap near $173 million, per CoinGecko. The rally has pulled Pump.fun weekly DEX volume to $5.33 billion and $18.22 billion over 30 days, with July 4 marking the first day Pump.fun and PumpSwap crossed $1 billion in daily volume since April 8. The week of June 29 to July 5 was Pump.fun's first above $5 billion since late March, and on July 1 the launchpad logged its highest token-launch and graduation counts in 80 days, a spike driven largely by ANSEM itself.
Why it matters
Blockworks data now puts memecoins above 20% of Solana's weekly trading volume, the first time since mid-May. That is a real recovery, but well short of the Q4 2024 peak, when Galaxy Research measured Solana memecoins at as much as 50% of weekly volume. Phemex's July 1 note added that Pump.fun has clawed back roughly 62% of its Solana launchpad revenue and 55% of its trading volume over the prior two weeks. Galaxy's framing is the one that keeps recurring: memecoins pull retail users into wallets, DEXs, bridges, and launchpads faster than more "serious" crypto products usually do, because they turn attention itself into a tradable asset.
Market impact
The same speed that brings users in also extracts value from those who arrive late. Galaxy's data shows the median memecoin holding time has fallen to roughly 100 seconds, down from about 300. A 2026 ACM Web Conference paper, "Resisting Manipulative Bots in Meme Coin Copy Trading," traced sniper bots buying within the first one to five blocks of launch to the majority of the 6,000 memecoin projects it studied. MELT, covering over 41,000 Solana memecoin launches and 200 million transactions, found coordinated accounts holding an average 36.5% of supply and labeled 84.13% of launches high risk. A separate cross-chain study, "A Midsummer Meme's Dream," examined 34,988 memecoins and reported 82.8% of the highest-return tokens showed artificial-growth signs, with more than 17,000 addresses realizing losses above $9.3 million.
Frequently asked questions
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What is ANSEM and why is it moving the Solana memecoin market?
ANSEM is a Solana memecoin named after high-profile trader Ansem. It has surged roughly 299% in seven days on $64.9M in 24-hour volume and a ~$173M market cap, and its launch on July 1 drove Pump.fun's highest daily token-launch and graduation counts in 80 days.
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How much volume is Pump.fun doing right now?
Per DefiLlama, Pump.fun weekly DEX volume hit $5.33B and 30-day volume reached $18.22B. July 4 was the first day Pump.fun and PumpSwap crossed $1B in daily volume since April 8, and the week of June 29 to July 5 was the first above $5B since late March.
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What share of Solana trading volume do memecoins represent now?
Blockworks data puts memecoins above 20% of Solana's weekly trading volume, the first time since mid-May. Galaxy Research previously measured Solana memecoins at as much as 50% of weekly volume in Q4 2024, so current levels read as a recovery well short of the prior peak.
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How fast is memecoin trading on Solana right now?
Galaxy Research reports the median memecoin holding time has fallen to roughly 100 seconds, down from about 300. A 2026 ACM Web Conference paper traced sniper bots buying within the first one to five blocks of launch to the majority of 6,000 memecoin projects studied.
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How risky are current Solana memecoin launches?
MELT (MemeTrans), covering 41,000+ Solana memecoin launches and 200M+ transactions, found coordinated accounts holding an average 36.5% of supply and labeled 84.13% of launches high risk. A separate cross-chain study of 34,988 memecoins found 82.8% of the highest-return tokens showed artificial-growth signs, with…
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