Bobby Ong: Most Tokens Face Quiet Extinction
Bobby Ong cites CoinGecko data: only 4.55% of Pumpfun tokens trade past 90 days, exposing crypto token failure rates amid token creation explosion.
SourceAnalysis
Bobby Ong noted that tokenization will spawn millions of tokens yet CoinGecko data reveals just 4.55% of Pumpfun tokens created since mid-January 2024 recorded trades past the 90-day mark, illustrating extreme crypto token failure rates and dismal token survival rates during the ongoing token creation explosion even as BTC draws sustained attention.
Bobby Ong
@bobbyongCo-founder & COO @coingecko and @geckoterminal. Bootstrapping in the crypto space since 2013.
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