I analysed 179,643 Pumpfun tokens launched in the past week. Here's exactly how many made it to each stage of the bonding curve: • 61,460 tokens made it to 20% (1 in 3) • 24,863 tokens made it to 40% (1 in 7) • 10,717 tokens made it to 60% (1 in 17) • 4,894 tokens made it to 80% (1 in 37) • 1,869 tokens graduated (1 in 96) The bonding curve is riskiest at the tail ends. Unsurprisingly, new tokens dominate attention. • 86% of graduations happened within the FIRST HOUR of launch. • Less than 2% of graduates were 24 hours or older. Place your bets accordingly.