The average "lifespan" of tokens on Pump.fun has shrunk to one day — 70% die on the day of launch.
The meme token market on the Pump.fun platform is experiencing a survival crisis. An analysis of 18.6 million assets created from January 2024 to June 2025 shows that nearly 70% of them stop trading on the day of launch. This is not just a statistic — it is an indicator of a fundamental problem with the "fair launch" model on Solana.
Out of the total pool of 18.6 million tokens, 12.8 million (68.6%) recorded their last transaction on the release date. Within the first two days, activity ceased for 80% of all launched coins. Only 4.5% of assets managed to survive longer than three months. These figures suggest that Pump.fun has turned into a factory of disposable tokens, rather than a platform for long-term projects.
Why do tokens die so quickly?
The key reason is the low barrier to entry. Creators release a stream of tokens without any development of economics or community. If a project does not gain instant reach and liquidity within the first few hours, developers simply abandon it and move on to the next. This is a classic "spam attack" on investor attention, where 99% of projects are doomed to oblivion.
It is important to note that the statistics only account for trading on Pump.fun's internal algorithm. Real survival rates may be slightly higher, as the data does not include transactions on external decentralized exchanges like Raydium. However, only 1% of the platform's projects make it to these venues. Thus, even adjusted for external liquidity, 95% of tokens do not live longer than a week.
Since August, Pump.fun has seen a steady decline in key indicators: the number of token launches and fee volumes are falling. This suggests that the "pump and dump" model is exhausting itself — investors are tired of the endless stream of dead tokens, and creators are losing interest due to declining profitability.
My expert opinion: The current situation on Pump.fun is a classic example of the "tragedy of the commons" in the crypto ecosystem. Until the platform implements mechanisms for minimum token viability (e.g., mandatory liquidity pools or team verification), it risks turning into a graveyard of meme coins. For investors, this is a signal: if you enter a token on Pump.fun, be prepared that its "life" may be measured in hours, not days.