As of August 10, PumpFun, a popular platform for launching memecoins, has witnessed the birth of approximately 1.7 million tokens. However, Newton Einstein’s latest research paints a stark picture of the challenges these tokens face in achieving lasting success.
Out of the massive pool of 1.7 million tokens, only a small fraction manages to gain any traction. Just 23,800 tokens have been listed on Raydium, a decentralized exchange, and an even smaller number, 141, have achieved a listing on CoinGecko, a prominent cryptocurrency data aggregator.
Maintaining a market value above $1 million for multiple weeks proves to be an even greater challenge. Only 41 tokens have accomplished this feat, highlighting the volatility and fierce competition within the memecoin space. Furthermore, reaching the coveted $10 million mark remains an elusive goal for most, with only 15 tokens managing to sustain this valuation.
The data paints a clear picture of the PumpFun ecosystem as a highly competitive “PvP” (player versus player) environment, where survival and success are far from guaranteed. A mere 1.4% of tokens successfully form bonds, and an even smaller fraction, 0.008%, manage to survive beyond a few days.
Interestingly, the research reveals that the highest chance of success on PumpFun lies not in pre-bond bidding, but in strategically bidding on “good” coins that have already achieved a market value exceeding $1 million. This approach boasts a success rate of 36.6%
