The success rate of cryptocurrency listing on pump.fun Raydium is only 1.41%

2024-08-02 13:47:27
Collection

ChainCatcher news, according to Cointelegraph, Dune Analytics data shows that the success rate of cryptocurrencies listed on pump.fun for launching on Raydium is 1.41%, fluctuating between this number and 1.21% since May, reaching a historical high of 2.56% on February 16.

Cinneamhain Ventures partner Adam Cochran commented in an article on August 1: "The 'graduation rate' of tokens on pump.fun has stagnated around 1.4%. No new tokens have 'truly broken through' the $20 million FDV level."

Crypto commentator and Web3 developer Bread added that out of the 1.58 million tokens launched on pump.fun, only 22,300 have truly launched on Raydium.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators