Pump.fun ban leads to drop in Solana meme coins as investors shift focus to Lunex Network

Pump.fun, a platform for launching Solana-based meme coins, has stopped UK access after a warning from the Financial Conduct Authority for operating without authorization. This has contributed to falling prices for meme coins like Bonk and DogWifHat. Bonk, a leading meme coin, lost 22% of its market cap in 48 hours, while DogWifHat also saw a decline. The overall crypto market has dropped by 6.1%, making it difficult to directly link these losses to Pump.fun's closure. Investors are now looking at Lunex Network, a new decentralized finance exchange, as a more stable option. Lunex Network aims to simplify access to DeFi, offering features like AI trading bots and a user-friendly interface.