Only 15 out of over 1.7 million tokens issued on pump.fun can maintain a market value of over $10 mi

According to analysis conducted by user Newton Einstein of community platform X, as of August 10th, there were approximately 1.7 million tokens launched on the Solana ecosystem's meme issuance platform pump.fun, of which only 23800 were successfully deployed to the DeFi protocol Raydium, with a success rate of 1.4%.

In addition, out of 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 companies can maintain a market value of over $1 million for multiple weeks, accounting for 0.002%; Only 15 of them can maintain a market value of over 10 million US dollars for multiple weeks, accounting for 0.001%.

Pump.fun allows anyone to quickly deploy their own meme coins at a low cost, with only the name, code, and JPG image provided, without the need for any startup funds. The liquidity pool funds are raised from the community. When the market value of contemporary coins successfully reaches a certain threshold, liquidity will be automatically deposited into Raydium and LP tokens will be destroyed. Although only a few tokens have been successfully launched, these tokens have brought considerable fee income to pump.fun.

Pump.fun once sparked a craze among overseas celebrities, creating and promoting their own tokens in their own image, but most of these celebrity coins later experienced significant declines. Ethereum founder Vitalik Buterin has also publicly criticized this behavior.