The Pump.fun Ecosystem Loses 99% Of Its Memecoins In Four Weeks

The excitement for memecoins on the Pump.fun platform is drastically fading. The survival rate of tokens has fallen below 1% for four consecutive weeks, reflecting a growing disinterest from investors in this type of speculative assets.

The hecatomb of memecoins on Pump.fun

The Pump.fun platform, specialized in launching memecoins on the Solana blockchain, has recorded since February 17 an “graduation” rate lower than 1%. This term refers to tokens that manage to pass the incubation phase to become fully tradable on a decentralized exchange Solana (DEX), by meeting specific liquidity and transaction volume requirements.

Even during its best period in November 2024, the success rate of Pump.fun only reached 1.67%. At that time, approximately 323,000 tokens were created in one week, allowing nearly 5,400 of them to join Solana’s DeFi ecosystem.

Today, not only has the success percentage fallen, but the volume of token creation has also significantly decreased. According to data from Dune Analytics, the weekly average of “graduated” tokens has dropped to around 1,500, clearly illustrating the decline of this phenomenon.

The decline continues despite positive market signals

This disaffection for memecoins occurs in a context where these assets have gained a reputation as highly speculative bets or simple vehicles for rapid enrichment for their creators.

Even tokens associated with public figures are not escaping this trend, as illustrated by the memecoin of American President Donald Trump (TRUMP COIN), down 84% compared to its historic record of January 19.

Notably, this decline continues despite improvements in overall liquidity conditions. The recent weakening of the US dollar, whose DXY index fell from 107.61 on February 28 to 103.95 on March 14, should have normally favored a rebound in the sector.

However, as Matrixport emphasizes in its report, “ despite these positive developments, memecoins, once a key selling point of this bullish market, continue to face significant difficulties, with no apparent recovery “.

Analysts at Matrixport estimate that this stagnation has contributed to a loss of $1 trillion in the cryptocurrency market capitalization and could even affect Bitcoin. They anticipate a possible drop to $73,000, a level that they believe would provide “strong support” to the queen of cryptos.

The spectacular collapse of the memecoin market on Pump.fun illustrates the extreme volatility and inherent risks of this category of investments. This trend could prompt investors to exercise greater caution and favor more established digital assets.