One launchpad, 32 days, every token it produced. Bars are drawn to true linear scale — the last one is a hairline because it is one.
Source: Bitquery, PONS launchpad, 3 Aug – 3 Sep 2026.
Median creator earned $15.73. 66.8% of the 314,736 wallets that traded finished down.
The funnel above comes from a Bitquery pull over 32 days: 207,893 launched, 3,228 graduated — a rate of 1.55%. The launchpad's own front page tells a different story. On 6 September it read 931 graduated; on 7 September, 912. The figure beside it, 4,228,127, is labelled tokens still climbing toward graduation — the un-graduated pool, not a total. Taken at face value that is a graduation rate near 0.02%, roughly seventy times worse.
They cannot both be right. 3,228 graduations inside one 32-day window cannot sit under a lifetime total of 912, and a launchpad opened in July 2026 producing 4.2 million live tokens does not square with 207,893 in a month. Either the two count "graduated" differently, or the front page's counters are not what they appear to be, or one source is simply wrong.
I do not know which, so this page is not going to pick one and present it as settled. What is safe to say: the graduation rate on this launchpad is somewhere between about 1 in 65 and about 1 in 4,600, and the number you will find quoted in guides sits at the optimistic end of that range with no working shown. If you are sizing a launch, size it for the pessimistic end.
Funnel: Bitquery, 3 Aug – 3 Sep 2026. Counters read by hand from the launchpad's own front page, 6 and 7 September 2026. An earlier version of this page asserted that the 1.55% figure "is pump.fun's" — that claim had no evidence behind it and has been withdrawn.