PumpFun saw an 80% drop in token graduations, with only 200 tokens making it on February 26, down from nearly 1,200 in January.
Recent statistics reveal PumpFun’s declining token success rate, raising concerns about its sustainability and evolving approach to liquidity.

PumpFun, the memecoin launch platform, is currently facing a number of issues that are upsetting its ecosystem. From a sharp decline in new token graduations to official account hacking, the platform appears to be having a tough time.
Furthermore, controversial within the community is PumpFun’s choice to test its in-house Automated Market Maker (AMM). Is this thus merely a transitional period, or the beginning of the end?
PumpFun Faces Confidence Collapse as Listings Drop
PumpFun was still thriving in January 2025, having hundreds of tokens pass the “bonding curve” procedure and find their way to decentralized exchanges (DEXs). Recent Dune statistics, however, indicate that this figure has plummeted by over

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