CoinGecko report reveals high mortality rate for Pump.fun tokens

The study examined 18.67 million tokens generated between January 14, 2024, and June 18, 2026. Data shows that 12.8 million tokens—roughly 68.67% of the total—recorded their final bonding-curve trade on the very day they were created. When including projects that lasted only one additional day, the failure rate climbs to over 80%. Only 4.55% of the tokens reviewed maintained trading activity for more than 90 days.

CoinGecko attributes these brief lifespans to the platform's near-zero barriers to entry, which encourage creators to launch multiple coins in rapid succession. When initial social media buzz or early wallet activity fails to materialize, liquidity evaporates almost instantly. While the report notes that some successful tokens migrate to external decentralized exchanges like Raydium or Meteora, the overwhelming majority of projects fail to capture long-term interest.

This trend coincides with a broader cooling period for the meme coin sector, as major assets like Dogecoin and Shiba Inu face downward pressure. Beyond the data on token survival, the findings highlight the risks inherent in speculative launchpads. Although the study does not classify projects as scams, it provides a stark quantitative snapshot of how quickly attention and capital exit the ecosystem once the initial launch window closes.