Pump.fun’s graduation rate is collapsing, and the number of launched tokens is also falling off a cliff 📉. This signals that hype is drying up, and the rotation into fresh memecoins might be slowing down.

With only 186 tokens graduating yesterday out of 26,587 launched (0.7%), it’s clear most projects are failing to gain traction. Are we witnessing the end of the Pump.fun era, or is this just a temporary cooldown before another cycle? 🤔

If the volume doesn’t return, expect even lower graduation rates and weaker launches. 🚨