98.6% of memecoins on pump.fun fail to even launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 02 2024Low Success Rate of Memecoins: The success rate for cryptocurrencies created using the Solana memecoin tool pump.fun is only 1.41%, with most tokens failing to gain traction or reach significant market valuations, indicating a decline in the memecoin cycle.
Celebrity Involvement and Revenue Generation: Despite the low launch success, pump.fun has gained popularity among celebrities for creating and promoting memecoins, generating substantial revenue that sometimes surpasses Ethereum's earnings.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
