Pumpfun's numbers tell a story. Four consecutive months of volume bleeding since late summer.

What was once the hottest retail playground of this cycle? Weekly trades crashed from a staggering $3.3 billion peak down to a mere $568 million last week. That's not a correction—that's capitulation.

The memecoin casino might be closing early. Remember when every degen was aping into the next 100x? Those days feel like ancient history now. The velocity just isn't there anymore.