🚀 **Pump.fun: Memecoin Magic or Mirage?** 💥

Ever wonder what happens to those shiny new memecoins on Solana's pump.fun? Well, most of them vanish faster than your socks in the dryer! According to Dune Analytics, only 1.41% of these tokens make it to Raydium, Solana's DeFi protocol.

Crypto commentator Adam Cochran quipped that the "graduation rate" of these coins is stuck at 1.4%. Meanwhile, web3 developer Bread noted that out of 1.58 million tokens, only 22,300 made it to Raydium.

But hey, pump.fun isn't all doom and gloom. It’s raking in serious dough, sometimes outpacing Ethereum! 💸

What do you think? Are memecoins here to stay, or just a flash in the pan? Drop your thoughts below! 👇