Meme Coins Defy Market Slump as Trading Focus Shifts to Launchpads

The meme coin market performed better than Solana (SOL) this week as on-chain trading volumes remained high and leading launchpads focused on trading.

Total meme coin market capitalization fell about 3.5% from approximately $31.4 billion on February 7 to around $30.2 billion on February 12, according to CoinMarketCap data.

Solana (SOL) itself declined roughly 8.5% over the same period and remains about 70% below its 2025 high.

On-chain trading volumes across Solana meme coin launchpads stood near $100 million as of February 11, while new token launches averaged more than 30,000 per day this week, according to Dune Analytics.

Pump.fun acquired trading platform Vyper on February 5 and will integrate its infrastructure into TradingTerminal, formerly Padre, which serves as a trading and analytics interface for Pump.fun tokens.