According to the analysis conducted by Newton Einstein, a user on the social platform X, as of August 10th, there were approximately 1.7 million tokens launched on the Solana ecosystem meme coin issuance platform pump.fun. Out of these, only 23,800 tokens were 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 were listed on the cryptocurrency information platform CoinGecko, resulting in a listing rate of 0.008%. Only 41 tokens were able to maintain a market value of over $1 million for multiple weeks, accounting for 0.002%. Additionally, only 15 tokens were able to maintain a market value of over $10 million for multiple weeks, accounting for 0.001%.
Pump.fun allows anyone to quickly deploy their own meme coin at a low cost, simply by providing a name, code, and a JPG image. No startup capital is required, as the liquidity funds are raised from the community. When the token’s market value reaches a certain threshold, 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 generated substantial fee revenue for pump.fun.
Pump.fun has previously sparked a trend among overseas celebrities, who created and promoted their own tokens using their own images. However, most of these celebrity coins have experienced significant declines. Ethereum founder Vitalik Buterin has openly criticized this behavior.
