Overview
- CoinGecko analyzed 18.67 million tokens created on Pump.fun and found about 68.67% recorded their last on‑platform bonding‑curve trade on the day they launched.
- A further 2.18 million tokens traded only one day, so roughly 80.37% of launches stopped trading within 48 hours and just 4.55% remained active past 90 days.
- The study tracks only Pump.fun’s bonding‑curve trades and excludes tokens that never traded on the site and later activity on external DEXs like Raydium or PumpSwap, so it measures on‑platform lifespan rather than all market activity.
- Pump.fun’s near‑zero barriers to creating tokens and its bonding‑curve model help explain the churn because creators can launch cheaply and move on when early demand fades.
- The findings underline real costs for retail traders who chase new launches and signal that observers should watch liquidity migration to external exchanges and further platform changes that affect trading and fee flows.