Memecoin fatigue: Pump.fun stats and short-lived narratives
Stats showing a tiny fraction of memecoins surviving fuel complaints about Pump.fun's airdrop and fleeting narratives, even as $PUMP buybacks continue.
What we know
Of 43.4M coins launched, only 691 are above $100k mcap; of 24M on Pump.fun, ~300. Critics say the airdrop favored bundlers and insiders, while $PUMP bought back 103M tokens in 24h.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.