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BCH $271.93 -5.86%
LINK $11.02 -6.73%
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TSLA $397.32 -1.47%
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SPCX $141.84 -1.75%
MU $906.83 -6.21%
AMD $539.50 -5.49%

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

2024-08-02 13:47:27

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.

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