Nearly 70% of Pump.fun memecoins stop trading on launch day

Approximately 69% of tokens issued on the Solana-based memecoin platform Pump.fun (PUMP) stopped trading on their launch day, CryptoPotato reported, citing data from CoinGecko. The analysis, which surveyed 18.67 million tokens launched on Pump.fun, found that about 12.8 million recorded their last trade on the day of their release. Only 850,000 tokens, representing just 4.55% of the total, remained active for 90 days. The outlet added that the broader memecoin market is in a slump, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all having dropped more than 20% over the past month.