Pump.fun memecoins are dying at record rates, less than 1% survive

Pump.fun memecoins are failing, and they’re dragging Bitcoin along for the ride.

The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for the fourth straight week.

“Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific liquidity and trading requirements.

Over the past four weeks, starting from Feb. 17, Pump.fun’s graduation rate has remained below 1% for the first time, Dune Analytics data shows.

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