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Solana memecoin frenzy sends PumpSwap trading volume to record $1.2 billion
Source: CryptoNewsNet Original Title: Solana memecoin frenzy sends PumpSwap trading volume to record $1.2 billion Original Link: PumpSwap, the trading arm of the Pump ecosystem, is suddenly putting up eye-popping numbers as Solana’s memecoin market heats up again.
The spike comes amid the broader “memecoin comeback” trade that’s been building since the turn of the year, especially on Solana. Traders have been rotating into high-beta corners of the market as bitcoin holds above key levels and liquidity improves post-holidays, lifting a basket of meme names across chains.
Data tracked by DeFiLlama shows the Pump DEX ecosystem doing $1.28 billion in volume over the past 24 hours, pushing 7-day volume to $6.15 billion and 30-day volume to $19.69 billion. Cumulative volume is now nearly $176.8 billion, a reminder of how quickly retail flows return when memes catch a bid.