According to Miles Deutscher, volumes on Pumpfun have decreased to the levels observed in summer 2024. This decline in trading activity may affect the liquidity and volatility of the market, impacting short-term trading strategies. Traders are advised to monitor potential catalysts that could reignite user interest and volume on the platform, such as regulatory changes or new technological advancements. Source: [Miles Deutscher](https://twitter.com/milesdeutscher/status/1896577101618426211).