Nearly seven in 10 tokens launched on the Solana-based meme launch platform, Pump.fun, since January 2024 have stopped trading on the same day they were created, according to a new analysis by CoinGecko.
The study examined more than 18.67 million tokens launched on the platform, excluding those that never recorded any trading activity. It found that approximately 69% of the tokens, or about 12.8 million, saw their final circulation on their launch day and did not remain active one calendar day later. Overall, only 850,000 tokens, or 4.55% of all launches, survived more than 90 days.
Coin graveyard meme
In its latest CoinGecko report He said The high failure rate reflects how easy it is to generate tokens on Pump.fun. The platform’s low barriers to entry allow creators to launch large numbers of tokens and quickly move on to new projects if early interest does not materialize.
Another 2.18 million tokens survived just one day after the launch before the activity ended. These projects were rolled over to the next calendar day but failed to attract interest. This pattern is consistent with tokens that briefly gain visibility through popular feeds or influencer mentions before interest quickly fades, CoinGecko said. Together, about 15 million tokens stopped trading either on the day of their launch or the next day, meaning that more than 80% of all tokens analyzed failed within two days.
There was also a steady decline in token survival after the first few days. About 770,249 codes, or more than 4%, remained active for two to three days, while 642,614 codes, or 3.4%, remained active for between four and seven days. Another 460,697 tokens, representing 2.5%, continued to trade for eight to 14 days.
Dogecoin, Shiba Inu, and PEPE Slide
It was the broader coin market Struggling For several months after losing the strong momentum seen during the previous session. Many recovery attempts this year have failed to gain momentum, leaving many popular coins well below their previous highs. Recent market turmoil has added further pressure.
For example, the OG meme coin, Dogecoin (DOGE), has lost nearly 25% over the past month. Shiba Inu (SHIB) stock is also down nearly 20% over the same period. Meanwhile, Pepe (PEPE) stock is down more than 27%.
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