After 24 Million Launches, Just 312 Memecoins Are Above $100,000

Pump.fun’s explosive memecoin-creation activity is colliding with a stark outcome: of roughly 24 million launches on the platform, only 312 tokens have climbed above a $100,000 valuation threshold. The gap has sharpened scrutiny of how much lasting value the memecoin launchpad is producing. The numbers underscore the extreme attrition built into rapid-fire token launches. Vast volumes of new memecoins can create attention and trading bursts, but only a tiny fraction appear to develop enough liquidity, demand or staying power to clear even relatively modest valuation levels.