Pump.fun Activity Craters 80% in Three Months, Solana Fees Follow

Pump.fun's memecoin launchpad, once the engine room of Solana's retail activity, has shed roughly 80% of its token graduation rate over the past three months, with the seven-day average falling to 0.26% last week. Revenue has followed the same trajectory — averaging just $800,000 per day in June so…