Only 4 tokens on PumpFun have reached $100 million capitalization
Since January 2024, PumpFun has created ) 8.7 million memcoins, but only 4 - WOULD, FARTCOIN, ACT and PNUT - have surpassed $100 million in capitalization.
- Token launches dropped from 40,000-60,000 per day to 20,000-30,000.
- The percentage of memcoins going live on Raydium has fallen below 1%.
- In September 2024, only 92 tokens had a capitalization of $1 million+.
The decline in activity coincides with a possible conflict between PumpFun and Raydium, which is preparing its service for memcoins
PNUT
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