Pump.fun has made token creation incredibly easy, leading to millions of launches. However, most of these projects fail almost immediately.
A recent analysis by CoinGecko found that nearly seven out of every 10 tokens launched on the Solana based meme coin platform Pump.fun since January 2024 stopped trading on the very day they were created.
The report reviewed more than 18.67 million tokens launched on the platform, excluding only those that never recorded any trading activity. It revealed that about 69%, roughly 12.8 million tokens, saw their final trade on launch day and failed to stay active beyond a single calendar day. In total, only 850,000 tokens, representing 4.55% of all launches, managed to survive for more than 90 days.
Meme Coin Graveyard
According to CoinGecko’s latest report, the extremely high failure rate highlights just how easy it is to launch tokens on Pump.fun. With minimal barriers to entry, creators can rapidly release new tokens and abandon them just as quickly if they fail to attract early attention.
An additional 2.18 million tokens survived only one extra day after launch before trading activity stopped. These tokens carried into the next calendar day but were unable to maintain momentum. CoinGecko noted that this trend often reflects projects that briefly gained attention through trending feeds or influencer promotions before interest quickly disappeared.
Combined, around 15 million tokens stopped trading either on launch day or the day after. This means more than 80% of all analyzed tokens failed within just two days.
The decline in token survival continues sharply after the first few days. Around 770,249 tokens, or just over 4%, remained active for two to three days. Another 642,614 tokens, or 3.4%, survived between four and seven days. Meanwhile, 460,697 tokens, representing 2.5%, continued trading for eight to 14 days.
Dogecoin, Shiba Inu, and PEPE Under Pressure
The broader meme coin market has struggled for months after losing the strong momentum seen in the previous cycle. Several recovery attempts this year have failed to gain traction, leaving many popular tokens far below their previous highs.
Recent market volatility has added even more pressure.
For example, Dogecoin has dropped nearly 25% over the past month. Shiba Inu has declined by almost 20% during the same period. Meanwhile, Pepe has fallen by more than 27%.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
