Meme Coin LaunchPad Bonding Curve Volume Below $1 Billion: Here’s what it means

Trenches are struck by the rise of permanent futures trading.

Solana Meme Coin Launchpad hit a six-month low due to bond curve trading volume, below $1 billion. Data expert Adam Tehc says this is because the attention lies elsewhere, especially Fort Futures, but veteran meme coin traders aren’t too worried.

According to Dune Data, Solana Meme Coin Launchpads recorded $89.7 million in daily bonding curve trading volumes between $796.2 million. According to the TEHC dashboard, this is the lowest in one day in three months and the lowest in one week in six months or more.

What is a binding curve?

The binding curve refers to meme coin trading before the launchpad token graduate. For Pump.Fun, this happens when Meme Coin, released on the platform, reaches a market capitalization of $66,000. So, the binding curve trading volume serves as a measure of grassroots meme coin trading rather than buying and selling established tokens like Fartcoin.

“Returns and attention are elsewhere now,” TEHC said. Decryption. “Last week’s national exchange trend appears to have had a particularly intense impact on the amount of memes.”

This is reflected in sand dune data, with PART trading volume surged to $466.8 billion last week, up 200% from $155.1 billion last week. Meanwhile, Solana LaunchPad’s trading volume fell from $1.36 billion to $796.2 million a week, 42%.

It comes when a multi-chain participant strandalized exchange aster attracts traders’ attention with vocal backing from its tasty 1001x leverage options Binance co-founder Changpeng “CZ” Zhao. As a result, Aster’s tokens surged 2,000% over the first seven days as traders pinned it to rival the popular Perpe Exchange Hyper Liquid.

But despite its recent surge, there are countless users in the forecast market. DecryptionParent company Dastan has been cautious about Astor’s outlook, reaching $4 by November with a 33% chance of being at $4.

The grade drawn in Perps

Permanent futures allow traders to infer whether the price of an asset will rise or fall without having to own the underlying asset. In addition to this, the heavy distributed exchanges that appear to have captivated Degen Meme Coin Traders have become famous for their heavy levels of leverage.

“Traders are able to make higher leverage bets, which means traders are back in Perps,” said Pump.Fun LiveStreamer and Trader Ediz. Decryption. “With leverage, you can trade for $1,000, or $100,000 worth of $1,000. It’s risky because of liquidation, but it doesn’t bother you with degeneracy.”

Kana Trader 0xwinged said Decryption Many memecoin traders are on the sidelines from the Aster trade and patiently wait for the volume to return to the trench. 0xwinged said that the volume is “not important” as the meme coins are “circulating” and traders end up returning.

Trench Vets like 0xwinged believe this as they have seen the weakness and flow of meme coins before. For example, six months ago, the trench was in misery as memecoin tried to recover from a drop of over 50% from its history high in January.

“The meme was a huge hit. It’s recovered a bit since then,” TEHC said, recalling the state of trench in March. “To get back there, we need to see the sustained volume drop over the next few weeks. Traders are just gambling elsewhere.”

That said, Eddies believes the trench is tired after a long time meme coin trading.

“The trench is tired,” he said. Decryption. “Because of PTSD and trauma, people are barely holding coins by twice as many times as they are. Trenches are now being extracted too much, and there are too many people in agriculture, bundling, multiwallets, etc. Trenches become greedy and the average retailer is tired.”

While the atmosphere is down, the degree of meme coins has not lost all hope. In countless cases, predictors remain cautiously optimistic about pump outlook, bringing to $3 billion rather than reducing the 54% chance of a token pump to $1 billion, resulting in a fundamental belief in its ecosystem.

As 0xwinged said, there is a period when the coins of memes cool down as traders look elsewhere for returns and cleanse the pallet for degeneration.

“I think the volume will come back,” Tech said. “It’s going to come back, I’m sure,” added 0xwinged. “The trench needs to come back.”