Pump.fun launches BOOST mechanism, token graduation rate rises to 6.7%

According to The Block, after Pump.fun launched the BOOST mechanism, the token graduation rate has significantly increased, reaching 6.7% last Friday, which is about 8 times the average level of 0.8% in June. BOOST aims to address the approximately 20% permanently locked dead liquidity upon graduation by automatically buying and destroying repurchase tokens in the first 5 minutes after migration, increasing liquidity by approximately 20% for each newly migrated token and injecting billions of dollars into the ecosystem in the long run.