Pump.fun Token Count Raises Questions After 30% PUMP Price Drop

TLDR: Pump.fun faces scrutiny over a reported 312 tokens currently above $100,000. The tally covered 24.4 million launches on the platform. The reported count measures current valuations. It leaves unclear how many launched tokens previously crossed $100,000 before losing value. PUMP fell nearly 30% in October. The memecoin market lost 15% of its capitalization, shedding more than $5 billion. Pump.fun earns protocol fees from trading activity. Its revenue depends on turnover, making user participation relevant beyond launch totals. Pump.fun faced renewed questions after an X post claimed only 312 launched tokens currently exceeded a $100,000 market capitalization.