81% of Memecoins Are Dead (And One Platform Is Getting Richer) ๐๐ฐ
Coin Metrics just dropped a study that should terrify every degen : 81% of memecoins have lost at least 90% from their peak. Only 5 out of 150 recovered. And Pump.fun made $18.6M in the same week.
Here's the brutal math :
๐น The Coin Metrics study โ 150 memecoins analyzed. 81% down 90%+ from ATH. Only 5 recovered. "Recovery essentially does not occur," said Victor Ramirez, Senior Data Scientist . That's not a correction. That's a graveyard.
๐น But $PUMP .fun doesn't care โ The platform generated $18.64M in protocol revenue over seven days**, taking **36% of the $52.5M traders paid in fees . Because Pump.fun charges on every trade โ win or lose. A trader who sells at a loss to buy another token generates new fees .
๐น The $PUMP token is up 60% in 30 days โ Backed by $478M cumulative buybacks, funded directly from platform fees . The token reversed its 2026 losses while the tokens it helped launch are dying.
๐น The overhang nobody's watching โ Three early investor wallets just moved 1.458 billion PUMP ($7.58M) to Coinbase Prime. These wallets have 70 billion PUMP still unlocking since July . The buybacks are real. So is the supply.
The takeaway ? The memecoin market is a casino where the house takes a cut on every hand. The players lose 90% of the time. The platform wins every time. This isn't a bug โ it's the business model.
Pro tip : When 81% of tokens are dead, you're not picking winners. You're picking survivors. Watch the platform revenue, not the token charts.
#memecoin #PumpFun #CoinMetrics #BinanceSquare
Coin Metrics just dropped a study that should terrify every degen : 81% of memecoins have lost at least 90% from their peak. Only 5 out of 150 recovered. And Pump.fun made $18.6M in the same week.
Here's the brutal math :
๐น The Coin Metrics study โ 150 memecoins analyzed. 81% down 90%+ from ATH. Only 5 recovered. "Recovery essentially does not occur," said Victor Ramirez, Senior Data Scientist . That's not a correction. That's a graveyard.
๐น But $PUMP .fun doesn't care โ The platform generated $18.64M in protocol revenue over seven days**, taking **36% of the $52.5M traders paid in fees . Because Pump.fun charges on every trade โ win or lose. A trader who sells at a loss to buy another token generates new fees .
๐น The $PUMP token is up 60% in 30 days โ Backed by $478M cumulative buybacks, funded directly from platform fees . The token reversed its 2026 losses while the tokens it helped launch are dying.
๐น The overhang nobody's watching โ Three early investor wallets just moved 1.458 billion PUMP ($7.58M) to Coinbase Prime. These wallets have 70 billion PUMP still unlocking since July . The buybacks are real. So is the supply.
The takeaway ? The memecoin market is a casino where the house takes a cut on every hand. The players lose 90% of the time. The platform wins every time. This isn't a bug โ it's the business model.
Pro tip : When 81% of tokens are dead, you're not picking winners. You're picking survivors. Watch the platform revenue, not the token charts.
#memecoin #PumpFun #CoinMetrics #BinanceSquare