{"id":16942,"date":"2024-09-13T13:44:10","date_gmt":"2024-09-13T10:44:10","guid":{"rendered":"https:\/\/forklog.com\/en\/only-89-out-of-2-million-meme-tokens-on-pump-fun-achieve-success\/"},"modified":"2024-09-13T13:44:10","modified_gmt":"2024-09-13T10:44:10","slug":"only-89-out-of-2-million-meme-tokens-on-pump-fun-achieve-success","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/only-89-out-of-2-million-meme-tokens-on-pump-fun-achieve-success\/","title":{"rendered":"Only 89 Out of 2 Million Meme Tokens on Pump.fun Achieve Success"},"content":{"rendered":"<p>The number of meme tokens issued on the Pump.fun platform<a href=\"https:\/\/dune.com\/adam_tehc\/pumpfun\"> has exceeded 2 million<\/a>. Since its launch, the platform has garnered 713,952 SOL (~$105 million) in fees.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1209.webp\" alt=\"1-1209\" class=\"wp-image-241030\"\/><figcaption class=\"wp-element-caption\">Data: Dune Analytics.<\/figcaption><\/figure>\n<p>At the time of writing, only 89 tokens (0.0045%) out of the mentioned 2 million have a market capitalization of more than <a href=\"https:\/\/pump.fun\/board\">$1 million<\/a>.\u00a0<\/p>\n<p>The 5,000 coins indexed on <a href=\"https:\/\/www.coingecko.com\/en\/categories\/meme-token\">CoinGecko<\/a> that originated on Pump.fun constitute 12% of the sector.\u00a0<\/p>\n<p><a href=\"https:\/\/decrypt.co\/249107\/fewer-than-100-pump-fun-tokens-above-1m-market-cap-amid-meme-coin-lull\">Decrypt<\/a> explained that half of the assets that emerged on this platform and surpassed the $1 million market cap threshold are not listed on the data aggregator&#8217;s website.<\/p>\n<p>The publication noted the recent<a href=\"https:\/\/u1f987.com\/en\/news\/tron-surpasses-cardano-amid-sunpump-meme-token-platform-surge\"> launch of the competing SunPump platform<\/a> on the TRON blockchain, which has diverted some liquidity.<\/p>\n<p>Moreover, after an initial surge, interest in the project has gradually waned. The daily growth of new coins on SunPump has fallen<a href=\"https:\/\/dune.com\/hashed_official\/sunpumpmeme\"> below 1,000<\/a>. In comparison, Pump.fun&#8217;s figures have recently ranged from 4,500 to 8,000, reaching 20,000 during the summer.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cPump.fun has definitely stagnated. Scams have become too widespread\u201d<\/em>, explained a trader known as Bastille regarding the recent trends.<\/p>\n<\/blockquote>\n<p>According to the publication, no new token on Pump.fun has broken into the top five on the platform.\u00a0<\/p>\n<p>To find a successful asset launched in September, one must look down to the 39th position\u2014Electric Dog Modish (EDM). Its market capitalization is $3.4 million.<\/p>\n<p>In September, Solana network&#8217;s fee revenue fell to a six-month low amid declining popularity of Pump.fun.<\/p>\n<p>Earlier, ForkLog reported that in the same month, the Ethereum competitor platform consumed 150 ETH (~$377,000) in gas fees in a single day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of meme tokens issued on the Pump.fun platform has exceeded 2 million. Since its launch, the platform has garnered 713,952 SOL (~$105 million) in fees. Data: Dune Analytics. At the time of writing, only 89 tokens (0.0045%) out of the mentioned 2 million have a market capitalization of more than $1 million.\u00a0 The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1161,1159],"class_list":["post-16942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-memes","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"45","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16942"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16941"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}