Since May, the success rate of tokens created by Pump.fun and deployed to Raydium has remained around 1.41%

PANews reported on August 2nd, according to Cointelegraph, 98.6% of memecoins on the Pump.fun platform failed to launch successfully. The data shows that since May, the success rate of cryptocurrencies created by Pump.fun on Solana's decentralized financial protocol Raydium has remained around 1.41%, far lower than the historical high of 2.56% on February 16th. Although the success rate is low, launched memecoins have brought significant transaction fee income. Pump.fun is favored by celebrities for its convenient creation process, and despite a decline in overall memecoin market value, trading volume has significantly increased.

Related data: pump.fun's cumulative revenue exceeds $80 million.