7 in 10 Pump.fun Tokens are Dead on Launch Day

68.67% (12.8M) of all tokens launched on Pump.fun since January 2024 recorded their last trade on the same day they were created — never surviving beyond a single calendar day of trading activity. We examined over 18.67M tokens launched on the platform, excluding only tokens that had no trading activity at all since inception. Overall, only 4.55% (850K) of tokens survived longer than 90+ days.

This same-day mortality rate reflects the tendencies for coin creators to create floods of new tokens and quickly move on to newer projects should their initial coin launch not take off. This is possible due to the near-zero barriers to creation of tokens on the platform. 

The 1-day cohort adds another 2.18M tokens to the early mortality count. These tokens cleared the midnight calendar threshold but generated no lasting interest — a pattern consistent with tokens that attracted brief attention from trending feeds or influencer mentions before being forgotten. Together, same-day and 1-day deaths account for 14.99M tokens, or 80.37% of all launches.

A Steep and Consistent Drop-Off Through 90 Days

Beyond day one, the survival curve declines steeply but consistently. The 2-3 day cohort captures 770,249 tokens (4.12%), followed by 642,614 (3.44%) in the 4-7 day range and 460,697 (2.47%) surviving 8-14 days. Each successive bucket is smaller than the last with the exception of the 90+ days cohort at 850,180 (4.6%) tokens.

However, it is worth noting that our 90+ days survival figures are likely understated, as we only track Pump.fun bonding curve trades and not external DEX activity such as Raydium. Tokens launched before PumpSwap that graduated and are still actively trading on Raydium would be incorrectly classified into an earlier bucket. 

Methodology

Token creation data was sourced from tokens_solana.transfers on Dune Analytics, filtering for mint actions executed via Pump.fun's program address (6EF8rrecthR5Dkzon8Nwu78hRvfCKubJ14M5uBEwF6P). Last trade dates were sourced from pumpdotfun_solana.pump_evt_tradeevent, which captures all trades on Pump.fun's bonding curve. The dataset covers 18.67 million tokens launched on Pump.fun from January 14, 2024 to June 18, 2026, out of over 19 million total tokens created on the platform. Tokens with no recorded trading activity whatsoever were excluded from the analysis, as lifespan cannot be determined without at least one trade.

Lifespan is defined as the number of calendar days between a token's creation date and its last recorded Pump.fun bonding curve trade. This means graduated tokens — those that moved to external DEXes such as Raydium, Meteora, or PumpSwap after completing the bonding curve — will have their lifespan understated, as post-graduation trades are not captured. The lifespan figures for graduated tokens should therefore be treated as a lower bound. This can be construed as a major flaw, however, given the low token graduation rates of ~1%, our data mostly stands to capture the average lifespan of a Pump.fun token.

Post-graduation activity on external DEXes (primarily Raydium) is not captured — the 90+ days cohort is therefore the most likely to understate true lifespan. Dune query: https://dune.com/queries/7755022

If you cite these insights, we would appreciate a link credit to this article on CoinGecko, which allows us to keep supplying you with useful data-led content.

Related: Pump.fun Monthly Trader Profitability Report

This study is for illustrative and informational purposes only, and is not financial advice.

Lifespan Distribution Table