The rapid growth of Solana token projects slows down as attention grows toward scams and insider deal suspicions within the crypto market.

The Solscan database shows just 49,779 new tokens came to the Solana blockchain on February 19 following the high of 95,578 token launches on January 26. Solanaland new token development hit its latest historic low around January 1st 2025 after investors lost interest in previous high-volume trading.

During January people regained their interest in memecoins which improved due to attention from important political figures. After Donald Trump started his memecoin project many other political tokens emerged in the market. The surging interest has slowed down.

Solana Market Reacts to LIBRA Collapse

Javier Milei’s presidency brought controversy that hurt Argentina’s economy and led to the development crisis. It earned news headlines because the president posted about Libra (LIBRA) new cryptocurrency on his official X profile and tied it directly to Argentina’s prospective financial growth. 

Problems emerged quickly when the announcement disappeared soon after the President endorsed LIBRA tokens. People suspect insider trading happened when LIBRA project creators stole $251 million from users who lost large amounts in their scheme. Data firm Nansen records that 86% of people who invested in LIBRA ended up losing more than $1,000 due to the scam.

Through its work creating most Solana blockchain tokens, Pump.fun experienced widespread damage from market challenges. During February 19th LIBRA added only 35,152 new tokens which represents its lowest point since the Christmas 2024 launch. Dune analytics reveals that from November until now the platform generated its smallest revenue total of $1.69 million in its history.

Even though Solana became the top blockchain in key performance areas due to memecoin success critics see it as temporary market manipulation by trading bots.

Industry leaders now show greater doubt toward memecoins because their popularity pattern has changed. Many experts predict that the current memecoin popularity will pull investment from real blockchain projects blocking altcoin market growth. 

Solana’s Role in the Crypto Crackdown

Research reveals that 24% of the crypto tokens included in the top 200 ranking set new yearly low points in current market trends that worry investors about capital stability. Several established business leaders now express concerns about the rising number of faulty cryptocurrencies and speculative memes tokens. 

Vitalik Buterin from Ethereum disappoints the crypto community because they question his attempts to stop casino-like blockchain practices. During his Mandarin-language Ask Me Anything event Buterin highlighted the value of taking more significant responsibility in the crypto industry.

Brian Armstrong from Coinbase supports the idea that crypto projects have become excessive while trading among employees occurs regularly.

On memecoins…

Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they've been with us since the beginning –…

— Brian Armstrong (@brian_armstrong) February 19, 2025

Regulators now step forward to address the increasing number of scams in the market. On February 20 the U.S. Securities and Exchange Commission formed its Cyber and Emerging Technologies Unit to combat blockchain and cryptocurrency misuse. 

The new subsidiary unit at SEC will monitor and act on all cryptocurrency and blockchain-related fraud attempts. The new unit will put most focus on protecting regular people who invest in digital assets because officials want to lower the dangerous risks these assets present.

The intense monitoring by authorities and growing enforcement create a major threat to the bloom of memecoins that started 2025. People await information about if this situation represents a permanent shift or just a momentary trading control issue.