Pump.fun, a leading Solana meme coin launch platform, achieved record-high token creation and user activity in January, driving significant buybacks and price gains for its PUMP token. Solana meme coins overall saw increased market capitalization and trading volume, boosted by specific project partnerships and media coverage. Despite these positive developments, the majority of Solana meme coins remain deeply undervalued, indicating that sustained recovery depends on new capital entering the market.