💥💥Solana Meme Coins Never See the Light of Day: Most Have Failed! 💥💥
Only a few of the thousands of tokens produced on the Solana-based meme coin creation platform pump.fun have survived. What does this mean for the meme coin trend in the Solana ecosystem? Here are the details.
According to Dune Analytics data, only 1.41% of Solana-based tokens created on pump.fun began trading on decentralized exchanges such as Raydium. This low success rate has left many investors disappointed despite the platform's popularity. While Cinneamhain Ventures partner Adam Cochran evaluated this situation as “the end of the meme coin trend”, crypto analyst Bread emphasized how simple pump.fun makes creating meme coins and this increases the failure rate.
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