Wu said that according to Newton Einstein's research on PumpFun, as of August 10, PumpFun has launched a total of about 1.7 million tokens, of which 23,800 were successfully listed on Raydium, with a listing rate of 1.4%; only 141 were successfully listed on CoinGecko, with a listing rate of 0.008%; only 41 tokens can maintain a market value of more than US$1 million for multiple weeks (0.002%), and only 15 tokens can maintain a market value of more than US$10 million for multiple weeks (0.001%).