Hello crypto enthusiasts! 🚀
- **Pump.fun and Solana**: Most of the cryptocurrencies created in the Pump.fun memecoin tool do not see the light of day. Only 1.41% manage to get into Raydium, a DeFi protocol based on Solana.
- **Data from Dune Analytics**: Since May, the success rate has fluctuated between 1.21% and 1.41%, with an all-time high of 2.56% in February.
- **Comments**: Adam Cochran and other experts suggest that we are exiting the memecoin cycle. However, some believe that Pump.fun has only made the creation of these coins easier.
- **Income**: Despite low success rates, Pump.fun has generated significant income, even surpassing Ethereum in some periods.
- **Celebrities**: Figures like Caitlyn Jenner and Iggy Azalea have launched their own memecoins using Pump.fun.
- **Memecoins Market**: The total capitalization is $44.94 billion, although it has fallen 2.67% in the last 24 hours. Trading volume has increased by 27.29%.
What do you think about the future of memecoins? Leave us your comment!