The cryptocurrency landscape is experiencing notable volatility, particularly within the memecoin sector. Following a significant rug pull involving the Libra token, metrics for the PumpFun platform have collapsed, with new token creations and daily graduated tokens plummeting over 90% since February, according to reports from CoinGecko. The overall memecoin market cap has also shrunk by 32%, and trading volumes have decreased by 72% since February 3. Daily new token creations on PumpFun have dropped from 70,000 to just 13,000, marking a substantial decline in activity. Meanwhile, Solana has emerged as a dominant player in the blockchain space, accounting for 80% of all blockchain activity, while Bitcoin holds a distant second place at 5%. Solana's decentralized exchange (DEX) volume has reached $105.86 billion for the fifth consecutive month, showcasing its strong market position despite a broader downturn in memecoin trading. In contrast, the BNB Chain reported a record app revenue of $16.5 million in February, although Ethereum and Solana saw declines of 30% and over 50%, respectively.