Pump.fun – 更像 Pump.rekt：Memecoin 创建平台从获得 Rekt 的交易者那里大赚一笔

允许任何人在 Solana 上创建 memecoin 的无代码平台，代币到达去中心化交易所 Raydium 的成功率仅为 1.4%。

Pump.fun, a no-code platform that facilitates the creation of memecoins on Solana, has seen only a meager 1.4% success rate for tokens making it to decentralized exchange Raydium. This amounts to 22,330 successfully launched tokens out of an astonishing 1.58 million initially created, as indicated by a Dune Analytics dashboard created by evelyn233.

Pump.fun 是一个促进在 Solana 上创建 memecoin 的无代码平台，其代币进入去中心化交易所 Raydium 的成功率仅为 1.4%。根据 evelyn233 创建的 Dune Analytics 仪表板显示，最初创建的 158 万个代币数量惊人，其中已成功发行了 22,330 个。

Raydium imposes a minimum market capitalization requirement of $69,000 for tokens to be listed for trading on its platform.

Raydium 对在其平台上上市交易的代币施加了 69,000 美元的最低市值要求。

Such dismal numbers paint a revealing picture of the unsustainable market for memecoins.

如此惨淡的数字揭示了模因币市场不可持续的景象。

To begin with, judging by the market caps of many tokens on Dexscreener, most of those that do manage to reach Raydium experience a brief pump before quickly dumping. The majority of memecoins, around 65%, have market capitalizations well below the $10,000 mark.

首先，从 Dexscreener 上许多代币的市值来看，大多数成功达到 Raydium 的代币在迅速抛售之前都会经历短暂的上涨。大多数模因币（约 65%）的市值远低于 10,000 美元大关。

While memecoin traders get burned, Pump.fun is cashing in. A Dune dashboard reveals a total of $81 million in SOL in fees paid to the website, with about $79 million belonging to tokens that fail to reach the market.

当 memecoin 交易者遭受损失时，Pump.fun 却在赚钱。Dune 仪表板显示支付给该网站的 SOL 费用总计为 8100 万美元，其中约 7900 万美元属于未能进入市场的代币。