This isn’t a meme resurgence story. It’s a routing decision.



When volume spikes and concentrates that aggressively, traders are revealing preference under pressure. PumpSwap capturing almost the entire $2B day volume on @Pumpfun tells you liquidity wasn’t shopping for yield or incentives. It was optimizing for certainty and speed.

A few things to note:

• Volatility compresses venue choice
• Flow migrates toward the least friction, not the most features
• Share gained during high-stress sessions tends to persist

Outranking Raydium and HumidiFi didn’t happen because of marketing. It happened because, in the moment that mattered, execution won.

That’s how DEX ladders reshuffle.
RAY0,43%
WET-3,16%
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