Can Pump.fun Survive A Market Where Most Tokens Die Almost Instantly?

Nearly 69% of tokens launched on Pump.fun since Jan. 2024 stopped trading on their first day, CoinGecko said in a new review.

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Pump.fun Tokens

CoinGecko said the Solana (SOL)-based meme coin launchpad Pump.fun has become a graveyard for short-lived tokens, after examining more than 18.67 million launches that had at least some trading activity.

The analysis found that almost 12.8 million tokens, or nearly 69% of the total, saw their final trade on the same calendar day they were created.

Another 2.18 million tokens survived only one additional day, which brought the two-day failure count to about 15 million, or more than 80% of all tokens analyzed.

CoinGecko also found a sharp drop-off after that early window, with 770,249 tokens active for two to three days, 642,614 lasting four to seven days and 460,697 trading for eight to 14 days.

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Meme Coin Risk

CoinGecko said the failure rate reflects Pump.fun's low barrier to entry, which lets creators issue large numbers of tokens and abandon projects quickly when early demand fails to appear.

The firm said many one-day survivors likely benefited from temporary visibility, including trending feeds or influencer mentions, before attention moved elsewhere.

The broader meme coin market has also weakened after months of fading momentum, with Dogecoin (DOGE) down almost 25% over the past month, Shiba Inu (SHIB) off nearly 20% and Pepe (PEPE) lower by more than 27%.

Those losses followed several failed recovery attempts this year, after the sector lost the intense demand seen in the previous cycle and traders became less willing to chase newly issued tokens.

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