Only 1.41% of Pump.fun Meme Coins Launch Successfully
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 02 2024Pump.fun's Success Rate and Popularity: Despite a low success rate of only 1.41% for tokens created on Pump.fun, the platform has gained significant popularity and revenue, even surpassing Ethereum's 24-hour revenue on multiple occasions.
Meme Coin Market Trends: The broader meme coin market is experiencing a downturn with major coins like DOGE and SHIB facing substantial losses, while Elon Musk's X suspended a popular meme coin creator account, impacting the creation and trading of these tokens.
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.
