Out of over 17 million tokens issued on pumpfun only 15 have managed to maintain a market cap of over 10 million for multiple weeks

Out of over 17 million tokens issued on pumpfun only 15 have managed to maintain a market cap of over 10 million for multiple weeks

Out of over 17 million tokens issued on pumpfun only 15 have managed to maintain a market cap of over 10 million for multiple weeks

According to the analysis conducted by Newton Einstein, a user on the social platform X, as of August 10th, there are approximately 1.7 million tokens launched on the Solana ecosystem meme coin issuance platform pump.fun. Among them, only 23,800 tokens have been successfully deployed to the DeFi protocol Raydium, resulting in a success rate of 1.4%.

Furthermore, out of the approximately 1.7 million pump.fun tokens, only 141 tokens have been listed on the cryptocurrency information platform CoinGecko, with a listing rate of 0.008%. Only 41 tokens have been able to maintain a market value of over 1 million USD for multiple weeks, accounting for 0.002%. And only 15 tokens have been able to maintain a market value of over 10 million USD for multiple weeks, accounting for 0.001%.

Source:
Newton Einstein

Pump.fun allows anyone to quickly deploy their own meme coins at a low cost. All they need to provide is a name, code, and JPG image, without requiring any startup capital. The liquidity funds are raised from the community. When the market value of the token reaches a certain threshold, the liquidity will be automatically deposited into Raydium and LP tokens will be burned. Although only a few tokens have been successfully launched, these tokens have brought considerable fee revenue to pump.fun.

Pump.fun has sparked a trend among overseas celebrities, who create and promote their own tokens using their own image. However, most of these celebrity coins have experienced significant declines in value. Ethereum founder Vitalik Buterin has publicly criticized this practice.