Last week (June 10-14), the average daily fee for pump.fun was about $870,000. However, this week's average daily fee for the platform fell to about $605,000, a 30% decrease from the previous month. This decline is likely primarily due to the adverse impact of broader market conditions, as well as the 2.21% drop in the SOL price during the week, resulting in a general reduction in risk appetite among users. This significant decrease in risk appetite is particularly important for platforms like pump.fun, as it represents the most extreme point of the risk curve in the industry. The assets involved and deployed on the platform are usually of the most speculative nature, attracting participants who want to make a quick profit, but who also quickly retreat to avoid risk when the market deteriorates. In addition, the sharp drop in revenue compared to the previous week indicates a corresponding decrease in token deployment and overall activity, which may indicate that the platform and the tokens it hosts have reached a saturation state. With the deployment of too many new coins, demand and attention may have reached a point where the platform cannot keep up with the deployment of new coins.