According to Wu, it has been learned from the data panel that in the past month, the average FDV of tokens graduated daily from Pump Fun's internal market to a certain DEX external market at the end of the day is about $80,000 to $100,000, while the median FDV is only about $4,000+, meaning that most tokens show a trend of dropping to zero even after graduation; among the top ten tokens by daily graduation market capitalization, the average FDV at the end of the day is about $50,000 to $200,000.