The memecoin market is experiencing a notable surge, with an average of 1.5 million tokens launching monthly on platforms like Pump Fun, equating to approximately 50,000 new tokens daily. However, the vast majority of these tokens, estimated at 99.9999%, are expected to fail. Recent observations indicate a potential rebound for established meme coins such as Dogecoin (DOGE) and Bonk (BONK), with traders suggesting these coins may have bottomed out after significant corrections of 70-90% from their peaks. Additionally, a report highlighted that 40,224 tokens were launched on Pump Fun in a single day, but only 420 of them were deemed successful. The overall trend suggests a growing disillusionment among participants in the memecoin space, leading to a desire for more reliable investments as the market becomes increasingly saturated with low-quality tokens.