A 299% weekly rally in the ANSEM token has coincided with renewed trading across Solana’s memecoin market, as Pump.fun volumes rebounded and memecoins returned above 20% of Solana’s weekly volume. Research cited by CryptoSlate warns that the biggest winners in this market are also the most prone to bot manipulation and late-buyer losses.
The Black Bull (ANSEM) has climbed roughly 299% over seven days, trading with $64.9 million in 24-hour volume and a market cap near $173 million, per CoinGecko. Traders read a token of that size as a signal for Solana’s broader risk appetite, and many are calling the move a return of the memecoin “trenches.”
Pump.fun volumes rebound
The renewed activity is showing up across Solana’s launchpads. DefiLlama data puts Pump.fun weekly volume at $5.33 billion and $18.22 billion over 30 days. July 4 was the first day Pump.fun and PumpSwap crossed $1 billion in daily volume since April 8, and the week of June 29 to July 5 was the first above $5 billion since late March.
On July 1, Solana’s memecoin factory hit its highest daily numbers for token launches and graduations in 80 days, driven largely by ANSEM. Phemex noted the same week that Pump.fun had regained roughly 62% of its Solana launchpad revenue and about 55% of its trading volume over the prior two weeks.
Blockworks data shows memecoins at over 20% of Solana’s weekly trading volume, the first time since mid-May. That still reads as a recovery well short of the old peak: Galaxy research from October 2025 showed Solana memecoins accounting for as much as 50% of weekly volume in the fourth quarter of 2024.
Speed still favors the fastest
Faster trading is the tension the rally reopens. Galaxy’s data shows the median memecoin holding time now around 100 seconds, down from roughly 300 seconds, as snipers and bundlers capture large portions of a token’s supply in its first moments and sell once real demand emerges.
Research points the same way. A cross-chain study, “A Midsummer Meme’s Dream,” examined 34,988 memecoins and found that among the highest-return tokens, 82.8% showed signs of artificial growth such as wash trading or liquidity-pool inflation, with more than 17,000 addresses recording realized losses above $9.3 million. The pattern is specific to the biggest winners, and it is the mechanism ANSEM’s rally could bring back if activity keeps climbing.
Source: CryptoSlate
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