Pump.fun

TRUMP

XXYY is shutting down its memecoin trading platform, according to a Monday announcement. The post confirming the project’s wind-down lands amid a bruising 2026 for the memecoin sector as traders move from the high-risk, high-reward environment that had enjoyed multiple peak cycles in 2024 and 2025.&nbsp;
The memecoin trenches continue to lose traders and projects in 2026, following Zap and BullX taking their trading apps offline this year.&nbsp;
<h3 id="span-style-font-weight-400-xxyy-is-shutting-down-after-slow-year-for-memecoin-trading-span">XXYY is shutting down after slow year for memecoin trading</h3>
XXYY <a href="https://x.com/useXXYYio/status/2119685333621358626" rel="noopener noreferrer nofollow">announced</a> on November 9 that its memecoin platform is shutting down, adding the latest name to a list that has quietly grown as a category that was printing money one year ago has slowed down significantly.
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://www.cryptopolitan.com/wp-content/uploads/2026/11/xxyy.webp" alt="XXYY shuts down, latest memecoin terminal to close as traders move on" width="858" height="420">
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 Instructions for XXYY users as the platform winds down. Source: XXYY via X/Twitter
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Although it never grew large enough to become a household name in crypto, XXYY was one of the projects that launched and sustained activity amid a meme boom. However, as the trenches dried and meme speculation moved on to other opportunities, the platform followed others in slipping below the sustainability line.
The self-custodial app Zap, which launched as a platform that allowed users to trade memecoins with Bitcoin in 30 seconds, <a href="https://intercom.help/zapapp/en/articles/15078251-how-to-export-your-zap-funds-before-june-1st" rel="noopener noreferrer nofollow">closed on June 1</a> after the team conceded it did not see a path forward. While Zap reached the 30-second technical target, creator Leonidas King said the project never saw sufficient adoption and eventually ran out of money.&nbsp;
BullX, another meme trading venue, also suspended its trading app to work on next-generation upgrades.
<h3 id="span-style-font-weight-400-meme-volumes-have-fallen-off-a-cliff-span">Meme volumes have fallen off a cliff</h3>
Solana trading terminals such as Axiom and Photon have seen monthly volumes drop 89% from their peak levels, stalling at their slowest month since September 2023 after pulling $3.8 billion in March 2026. That volume is a fraction of the roughly $35 billion recorded at the height of the TRUMP memecoin rush in late 2025.&nbsp;
The leading Pump.fun memecoin launchpad has also struggled this year, graduating only 0.26% of memecoins launched on the platform every day. Daily revenue also fell to about $800,000 in June, a sixth of the $4.8 million daily haul it was closing six months before.&nbsp;
The slowdown also showed up in Solana network revenue stats, as daily fees slipped from 33,000 in January to 5,300 SOL.
A Bitquery study put numbers on the trader fatigue. 79% of <a href="https://www.cryptopolitan.com/pump-funs-sol-sell-offs-weigh-on-solana-as-memecoin-trade-fades/" rel="noopener noreferrer nofollow">Pump.fun</a> tokens traded only on their launch day, and of nearly nine million tokens tracked, just 1.5% saw any trade by their fifth week.
Notably, capital has not completely vanished. Rather, it has rotated to other categories. On-chain perpetual futures now make up 12.33% of global perp volume as of September 2026, per a Castle Labs report. <a href="https://www.cryptopolitan.com/papertrade-outpaces-pump-hyperliquid-revenue/" rel="noopener noreferrer nofollow">Hyperliquid</a> is the biggest beneficiary of this shift.&nbsp;
Stablecoin swaps have also moved in, accounting for 23% of on-chain spot volume, <a href="https://solanafloor.com/news/solana-trading-terminal-volume-slumps-lowest-point-since-september-2023" rel="noopener noreferrer nofollow">SolanaFloor noted</a>.
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Meme trading platform XXYY shuts down as traders move on from memecoins

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