Pump.fun memecoins are dying at record rates, less than 1% survive

The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for the fourth straight week.“Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific liquidity and trading requirements.Over the past four weeks, starting from Feb. 17, Pump.fun’s graduation rate