"Researchers Alberto Maria Mongardini at the Technical University of Denmark and Alessandro Mei at the Sapienza University of Rome built MemeChain, an open-source, cross-chain dataset of 34,988 meme coins across Ethereum, BNB Smart Chain (BSC), Solana, and Base. The system combines on-chain records with off-chain "legitimacy" signals such as token logos, social links, and archived website HTML. MemeChain found that through mid-January 2025, 1,801 tokens, or around 5% of all the coins tracked, stopped trading within 24 hours of launch."
"Some indicators helped signal whether a coin was likely to rug pull. While 74.8% of tokens claimed an associated website, only 32.1% of those sites returned a working "HTTP 200" response when tested. The researchers also found widespread use of cheap registrars and short-lived hosting, which Mongardini described as "very, very fragile" infrastructure built with "very, very low" effort because creators "want to capitalize as soon as possible.""
"MemeChain found that through mid-January 2025, 1,801 tokens, or around 5% of all the coins tracked, stopped trading within 24 hours of launch. Nearly half showed zero transaction activity from mid-October to mid-December 2024, suggesting many projects burn out within weeks. Around 10% of meme coins on the BNB Smart Chain lasted only a single day, compared with roughly 0.1% on Solana."
MemeChain is an open-source, cross-chain dataset of 34,988 meme coins across Ethereum, BNB Smart Chain (BSC), Solana, and Base. The dataset combines on-chain records with off-chain legitimacy signals such as token logos, social links, and archived website HTML. By mid-January 2025, about 1,801 tokens (roughly 5%) stopped trading within 24 hours of launch, and nearly half showed zero transaction activity from mid-October to mid-December 2024. Around 10% of BSC meme coins lasted a single day versus roughly 0.1% on Solana. Broken websites, cheap registrars, and short-lived hosting correlate with higher rug-pull risk.
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