According to an analysis by Newton Einstein, a user of social platform To DeFi protocol Raydium, the success rate is 1.4%.
In addition, of the approximately 1.7 million pump.fun tokens, only 141 are listed on the cryptocurrency information platform CoinGecko, with a listing rate of 0.008%; only 41 can maintain a market value of more than US$1 million for multiple weeks. Accounting for 0.002%; only 15 can maintain a market value of more than US$10 million for multiple weeks, accounting for 0.001%.
Pump.fun allows anyone to quickly deploy their own meme coins at low fees. They only need to provide a name, code and JPG image. There is no need to provide any start-up capital. The liquidity pool funds are all raised from the community. When the token market value successfully reaches a certain threshold, liquidity will be automatically deposited into Raydium and LP tokens will be destroyed. Although only a few tokens were successfully launched, these tokens generated significant fee income for pump.fun.
pump.fun once sparked a craze among overseas celebrities to create and promote their own tokens in their own image, but most of these celebrity tokens have since experienced considerable declines. Vitalik Buterin, the founder of Ethereum, has also publicly criticized this behavior.
