Pump.fun

Memecoin

Raydium

Meteora

<p>Nearly eight in 10 Pump.fun tokens have stopped trading after their first day, according to a study, while traders have complained about too many new coins and too few reasons to hold them.</p>
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   <li>Bitquery found 79% of Pump.fun tokens traded only on launch day.</li>
   <li>Just 17.2% of September launches recorded a trade at least 24 hours later, Jumpbit reported.</li>
   <li>MemeFees counted at least 21,765 launches across eight platforms on Oct. 19.</li>
   <li>Traders complained about instant selling and fewer reasons to hold new tokens.</li>
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<p>Bitquery, the blockchain data provider behind the finding, <a href="https://bitquery.io/investigations/solana-launchpad-year" rel="noopener noreferrer nofollow">tracked</a> new Solana tokens from Nov. 1, 2025, through Oct. 7, 2026. Its survival table recorded 8,984,141 Pump.fun tokens, with just 1.5% registering any trade during their fifth week and 0.2% recording at least 10 trades in that window.</p>
<p>Traders describing the market often complain about short holding periods, rapid selling, and a loss of the community appeal that once drew them to new coins.</p>
<h2 class="wp-block-heading" id="memecoin-survival-has-remained-low-across-launchpads">Memecoin survival has remained low across launchpads</h2>
<p>Beyond Pump.fun, Bitquery recorded launch-day-only trading for 51% of Meteora Dynamic Bonding Curve tokens and 84% of Raydium LaunchLab tokens. Only 1.9% of Meteora tokens and 1.3% of Raydium tokens were still trading in their fifth week. The study counts successful swaps, including automated trades, and discloses missing blocks and gaps involving newer trade formats.</p>
<p>A separate September <a href="https://jumpbit.io/en/resources/research/pump-fun-statistics-launches-graduation-rate-survival" rel="noopener noreferrer nofollow">report</a> from Jumpbit examined 1,083,771 Pump.fun launches using dydt’s Solana trade index, following activity through Oct. 12. The research counted roughly 36,100 launches per day, with 95.1% recording at least one trade.</p>
<p>You might also like: <a href="https://crypto.news/memecoin-outlook-for-q4-2026-can-the-sector-find-lasting-buyers/" rel="noopener noreferrer nofollow"> Memecoin outlook for Q4 2026: Can the sector find lasting buyers? </a></p>
<p>Jumpbit found that 17.2% had a last recorded trade at least 24 hours after launch, while 7.5% had one at least seven days later. Only 0.5% of the September launches traded during the final 24 hours of its observation period.</p>
<p>Under Jumpbit’s definition, a token qualifies as still trading if its last recorded transaction has occurred beyond the specified age. A creator’s first purchase counts, and continued activity can occur even when a token’s price is close to zero, per its methodology.</p>
<h2 class="wp-block-heading" id="daily-launch-counts-have-gaps-in-coverage">Daily launch counts have gaps in coverage</h2>
<p>MemeFees recorded at least 21,765 launches across eight tracked platforms on Oct. 19. Flap.sh accounted for 10,570, followed by at least 9,284 on Pump.fun and 1,707 on Pons.</p>
<p>Its seven-day daily averages stood at 17,726 for Pump.fun, 11,325 for Flap.sh and 1,578 for Pons. Its Pump.fun observations also carry a plus sign because incomplete collection windows make those figures lower bounds.</p>
<p>Using factory-contract events, MemeFees <a href="https://memefees.com/stats/launches" rel="noopener noreferrer nofollow">labels</a> its Flap.sh and Pons counts as exact for the contracts covered.</p>
<p>A Sep. 5 account of <a href="https://crypto.news/pons-vs-pumpfun-launchpad-war-robinhood-chain/" rel="noopener noreferrer nofollow">Pons’s launchpad activity</a> described more than 10,000 daily deployments and $4 billion in cumulative platform volume. The historical report put the creator share at near 70% of its 1% trading fee, with creators receiving over $25 million cumulatively at that point.</p>
<p>DEXTools published a smaller June 29 report covering 215 fresh Pump.fun pools. Its researchers classified 24% as showing a bot-like burst, defined as at least 20 trades within 15 minutes.</p>
<p>The sample measured the proportion of tokens crossing an activity threshold, without calculating what share of dollar trading volume came from bots. DEXTools <a href="https://news.dextools.io/article/pumpfun-new-token-bot-activity-data-june-2026" rel="noopener noreferrer nofollow">recorded</a> a median of three trades per token, while 30% had no recorded trades.</p>
<h2 class="wp-block-heading" id="trader-complaints-have-centered-on-holding-incentives">Trader complaints have centered on holding incentives</h2>
<p>One trader, identified as Mystral on X, <a href="https://x.com/Mystral_777/status/2112470708618162402" rel="noopener noreferrer nofollow">described</a> an environment where developers expect immediate volume and buyers expect immediate returns.</p>
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 <p>“we don’t have a shortage of coins, we have a shortage of reasons to hold them,” the trader wrote.</p>
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<p>In a separate X <a href="https://x.com/Mystral_777/status/2112522487712145423" rel="noopener noreferrer nofollow">post</a>, Mystral said memecoins were losing “the feeling that a random community could turn something completely stupid into a billion dollar phenomenon.”</p>
<p>Bishaqs, another trader, described launchpad trading as a market for attention in which early buyers sell to later arrivals.</p>
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   <p>memecoins are a casino where the chips are your early twenties. that's the whole product and it works exactly as designed there's nothing underneath them, so stop waiting for billions. on pumpfun roughly 1 in 70 coins even makes it off the bonding curve, attention lasts about as…</p>— Bishaqs (@Bishaqs) <a href="https://x.com/Bishaqs/status/2112488032012042382?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 20, 2026</a>
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<p>As previously reported by crypto.news on <a href="https://crypto.news/memecoin-outlook-for-q4-2026-can-the-sector-find-lasting-buyers/" rel="noopener noreferrer nofollow">Oct. 18</a>, CoinGecko placed the memecoin category near $29.9 billion, including approximately $12.4 billion for Dogecoin and $1.6 billion for Pepe.</p>
<h2 class="wp-block-heading" id="early-trading-activity-has-varied-between-tokens">Early trading activity has varied between tokens</h2>
<p>An Oct. 6 account of <a href="https://crypto.news/top-3-new-memecoins-to-watch-in-october-2026/" rel="noopener noreferrer nofollow">new memecoin launches</a> recorded different opening trajectories for Meme Agency and PunchCard, both on Solana.</p>
<p>Meme Agency launched through Pump.fun on Oct. 4 and graduated that day. DexBrief figures cited in the account showed 5,390 holders, 8,070 active traders, and nearly 14,000 transactions within roughly a day, with trading volume near $965,400.</p>
<p>PunchCard began trading on Oct. 1. Solflare data cited in the same account put its price as high as $0.00019527 early on Oct. 2, before it traded near $0.000045 on Oct. 6, when its market capitalization stood around $43,900.</p>
<p>Jumpbit’s September <a href="https://jumpbit.io/en/resources/research/pump-fun-statistics-launches-graduation-rate-survival" rel="noopener noreferrer nofollow">study</a> classified 116,714 launches, or 10.8%, as graduated because they had a PumpSwap pool.</p>
<p>Read more: <a href="https://crypto.news/strive-closes-630m-sats-preferred-stock-offering-with-15-dividend/" rel="noopener noreferrer nofollow"> Strive closes $630M SATS preferred stock offering with 15% dividend </a></p>

Pump.fun’s 79% first-day dropout rate fuels memecoin trader fatigue

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