CoinGecko: Only 5% of Pump.fun tokens survive 90 days
CoinGecko analyzed 18.67M tokens launched on Pump.fun (Jan 14, 2024–Jun 18, 2026) and found extreme short-lived trading.
Just 4.55% of Pump.fun tokens (about 850,180) were still actively traded beyond 90 days. Nearly 69% (68.67%) recorded their last trade on the launch day—around 12.8M tokens.
The dataset also highlights low migration to the broader Solana DeFi market. Pump.fun’s bonding curve setup allows users to create tokens with minimal cost and no pre-allocated liquidity. But “graduation” to external DEXs such as Raydium reportedly sits below 1–2%, meaning fewer than two out of every 100 tokens reach wider Solana DeFi.
Market implication: most capital deployed into newly launched Pump.fun tokens is likely to go to zero quickly. Even among “survivors,” the study stresses that survival does not equal profitability.
CoinGecko notes the scale problem: 18.67M launches over ~29 months averages over 21,000 new tokens per day, which can bury legitimate communities under constant new listings.
Separately, Pump.fun has generated over $1B in cumulative revenue, indicating platform earnings can remain strong even when trader outcomes are weak.
Bearish
The study signals a highly adverse risk profile for traders in Pump.fun meme tokens. With only ~4.55% of Pump.fun tokens still trading after 90 days and ~68.67% seeing their final trade on launch day, the distribution is consistent with “high churn / low longevity” dynamics seen in other speculative token launch waves.
Short-term, this can reduce speculative participation and shift trader focus toward faster rotation strategies (quick in/out) or toward better filters (liquidity depth, community activity, early holders) because most positions statistically fail immediately. It may also increase post-launch volatility and liquidity thinning as new tokens continually cannibalize attention.
Long-term, the data may pressure investors to demand clearer risk management frameworks and potentially reduce expectations of sustained returns from long holds in this segment. However, it’s neutral-to-limited for overall Solana market stability because the article implies platform revenue can remain strong even when user outcomes are weak—suggesting activity may persist while profitability expectations normalize.
Net effect: bearish for holders/traders targeting sustained performance of Pump.fun tokens, with the main impact centered on expected returns rather than systemic market liquidity.