Pump.fun launched 24 million tokens, but only 312 exceeded a $100,000 market capitalization, representing a success rate of 0.0013%. That result is nearly 29 times lower than Stonk.fun, where 75 tokens crossed the threshold out of 197,664 launches, for a success rate of 0.038%. PUMP’s roughly 30% decline in October, amid a memecoin market that shed $5 billion, may therefore also reflect Pump.fun’s difficulty in maintaining user engagement and trading volumes. Co-founder Alon remains optimistic in the long term, but the $0.004 support level is at risk if speculative demand stays weak.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
