14
Mar, 2025
Pump.fun memecoins are dying at record rates, less than 1% survive
Altcoin News, Bitcoin News, Crypto Analytics, Crypto Industries & Currency Updates
The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for a fourth straight week.
“Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific liquidity and trading requirements.
Over the past four weeks, starting Feb. 17, Pump.fun’s graduation rate has remained below 1% for the first time, Dune Analytics data shows.
Pump.fun’s tanking token success rate. Source: Dune Analytics
Pump.fun’s graduation rate has never been particularly high. The platform’s best-performing week was in November 2024 when 1.67% of memecoins moved on to the open market. However, the sheer volume of tokens launched on the platform at the time made this percentage more significant than it is now. During the week starting Nov. 11, 323,000 tokens were created on Pump.fun, meaning the 1.67% graduation rate translated to roughly 5,400 tokens entering Solana’s DeFi economy in a single week.
Related: Pump.fun’s memecoin freak show may result in criminal charges: Expert
With token creation volume declining on both Pump.fun and Solana, weekly token graduations have plummeted to a four-week average of around 1,500 tokens at the time of writing, according to Dune.
Memecoins are dying, and they’re not responding to positive market signals
Pump.fun’s dropping graduation rate reflects waning investor appetite for memecoins, which have developed a reputation as degenerate lottery tickets or quick cash grabs for their creators.
Several political figures have launched their own memecoins as well, including US President Donald Trump. His token is down 84% from its all-time high set on Jan. 19, according to CoinGecko.
Related: Argentine lawyer requests Interpol red notice for LIBRA creator: Report
Memecoins’ struggles persist despite improving liquidity, according to Matrixport. In February, Matrixport analysts noted that a strengthening US dollar had pressured Bitcoin prices by tightening dollar-denominated liquidity.
Since then, the US dollar has weakened. Over the past month, the US Dollar Index (DXY), which measures the dollar against a basket of major currencies, peaked at 107.61 on Feb. 28 before dropping to 103.95 on March 14.
DXY performance in the past month shows the US dollar weakening. Source: TradingView
“The US dollar has recently weakened, leading to a rebound in liquidity indicators and some marginal improvements in inflation data. Despite these positive shifts, memecoins — previously one of the strongest narratives during this bull market — continue to struggle significantly, with no apparent recovery,” Matrixport said in its report.
Bitcoin caught in memecoin aftershocks
The struggling memecoin market has contributed to a $1 trillion wipeout in crypto market capitalization, according to Matrixport.
“This redistribution of wealth may lead investors to remain cautious about deploying further capital, causing rebounds — even those triggered by better-than-expected inflation data — to be limited,” the report noted.
Matrixport analysts warn that this could lead to further Bitcoin declines, with a potential retracement to as low as $73,000 — a level they believe would provide “strong support.”
Magazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express
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14
Mar, 2025
Brazil to Push Cryptocurrency as a Priority for International BRICS Trade
Altcoin News, Bitcoin News, Crypto Industries & Currency Updates
Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization. Brazil to Push Hard for Crypto Implementation in BRICS Trade The agenda of Brazil as […] …
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14
Mar, 2025
XRP price poised for 46% gains after Ripple secures first Dubai license
Altcoin News, Bitcoin News, Crypto Analytics, Crypto Industries & Currency Updates
XRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East.
XRP price chart hints at possible 46% gains
XRP has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.40 on Jan. 16.
After finding support from the triangle’s horizontal line at $2.00, the XRP/USD pair has left behind a sequence of higher lows over the last four days to its upper trendline, as shown in the chart below.
XRP/USD daily chart. Source: Cointelegraph/TradingView
XRP‘s price is now testing the triangle‘s upper trendline at $2.30, raising hopes of a daily candlestick close above this level.
If this happens, XRP could rally toward the $3.00 psychological level, a critical supplier congestion zone that has rejected the price twice in recent times.
A move past this level would push the price toward the next major resistance at $3.27 and later to the multi-year high at $3.40, amounting to a rise between 30% and 46%.
Meanwhile, popular crypto analyst CrediBull Crypto says XRP’s drop to sub-$2.00 levels provided a perfect entry for buyers, targeting profits around $3.40.
Manifest destiny. $XRP https://t.co/Pa2pKSbYHq pic.twitter.com/FyeWfMrw5z
— CrediBULL Crypto (@CredibleCrypto) March 14, 2025
Ripple secures Dubai license
On March 13, Ripple announced that it had secured approval from the Dubai Financial Services Authority, allowing it to offer regulated crypto payment services in the UAE.
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODr
This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…
— Ripple (@Ripple) March 13, 2025
This approval, Ripple’s first in the Middle East, will allow the payments company to tap into the UAE’s $40 billion remittance and $400 billion international trade markets.
Related: Price analysis 3/12: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBAR
Following the announcement, XRP price gained 6% from a low of $2.21 to a high of $2.34 on March 11, reflecting market optimism.
“Ripple’s DFSA license in Dubai’s DIFC marks a game-changer, ” said popular commentator Vincent van Code in a March 13 post on X, adding that it positions the” company as a leader in regulated crypto payments across the UAE’s $40B cross-border market.”
“This could unlock massive potential for XRP, driving adoption and growth as blockchain transforms global finance.”
Ripple’s battle with SEC nears an end
Another potential catalyst for XRP price is the possible end of the SEC’s case against Ripple.
Ripple’s prolonged legal battle with the US Securities and Exchange Commission (SEC) since 2020 over allegations of unregistered XRP sales may be nearing a resolution.
The July 2023 ruling by Judge Torres, deeming XRP not a security for retail sales but fining Ripple $125 million for institutional violations, marked a turning point. Recent reports suggest both parties might drop their appeals, with Ripple negotiating better terms amid a perceived shift in SEC priorities under new leadership.
“The SECGov vs. Ripple case is in the process of wrapping up and could be over soon,” said Fox Business’s Eleanor Terret, citing two unmentioned sources.
Terret explained the SEC could be reconsidering its aggressive crypto enforcement, potentially aligning with a more lenient regulatory stance.
“The argument, I’m told, is that the new SEC leadership is wiping the enforcement slate clean for all previously targeted crypto firms because it believes regulatory clarity will resolve the underlying issue.”
As Cointelegraph reported, several cases against several crypto companies were dismissed in recent weeks, including Coinbase, Robinhood and Kraken, by the new SEC administration under acting Chair Mark Uyeda.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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