According to BlockBeats, the daily expenses of pump.fun have seen a significant decrease of 30% from the week of June 10th to 14th to June 27th. The platform's daily expenses dropped from approximately $870,000 to around $605,000.
This decrease is likely due to the adverse effects of broader market conditions and a 2.21% drop in SOL prices within the week, leading to a general decrease in risk preference among users. A significant decrease in risk preference is particularly important for platforms like pump.fun, which represents the most extreme point in the industry's risk curve.
The assets involved and deployed on the platform usually have the most speculative nature, attracting participants hoping for quick profits. However, when the market deteriorates, they also quickly withdraw to avoid risk.
Furthermore, compared to the previous week, the significant decrease in income indicates a reduction in the deployment and overall activity of tokens. This could suggest that the platform and the tokens it hosts have reached a saturation point. With the excessive deployment of new coins, demand and attention may have reached a level that the platform cannot keep up with the deployment of new coins.