DeFI News by Thebittimes.Com

The popular platform for launching new Solana tokens, Pump.fun, is experiencing a noticeable downturn, raising concerns about its long-term sustainability. Recent data reveals a sharp drop in token graduations, a significant slowdown in new token launches, and a decline in trading volume. Only 11,332 tokens have graduated this month — less than half of the 24,008 recorded last month. The trend is even more striking on a weekly scale, with just 517 graduations this week compared to 2,184 the week prior. Meanwhile, tokens in other asset classes are rallying, particularly cost-effective tokens, as traders shift their focus. Interest is gravitating toward emerging projects, with many of the most viewed cryptos on GeckoTerminal gaining traction.  Most Viewed Cryptos on GeckoTerminal to Watch AIXBT is currently valued at $0.2005, a 5.79% decline. In contrast, SHREK has surged 800.28% and is now priced at $0.00068. Meanwhile, DEFAI has dropped 17.47% and is trading at $0.003441....

As Bitcoin hovers near $72,000, Pepe Unchained has reached a significant milestone, raising over $23.5 million in funding to date. Bitcoin’s potential for a substantial price surge and the emerging success of meme coin Pepe Unchained offer exciting developments in the crypto market. Bitcoin appears to be consolidating around the $70,000 mark—a level that previously represented euphoric highs. This extended stability is viewed as a positive indicator, suggesting a possible breakout past the critical $73,000 resistance level, which could drive Bitcoin to new heights, potentially reaching $82,000 or more by year-end. The current Fear and Greed Index indicates high greed in the market, and Bitcoin’s RSI levels show a healthy, non-overbought position, reinforcing confidence in further upward momentum. In parallel, Pepe Unchained, a new meme coin, has raised over $23.5 million in funding and is on track for an upcoming price increase. Potential investors can visit our gu...