The Honey G Show was put out to download on Friday and quickly shot up to the Top 10 of the chart.
However following the initial surge of downloads, the song has dropped dramatically and - at the time of writing - is now right down at Number 130 on the iTunes Download Chart.
Together with streaming that doesn't put the song in the Top 200 on Spotify, it looks like the track is going to have a tough time charting well in the Official Top 40 come this evening (Friday night).
The flop result of the song could mean the beginning of the end of Honey G's rap career.
Right now, Honey G just has a single deal with Simon Cowell's record label and the success (or not) of her songs will decide if an album follows.
Honey G revealed last week: "Believe it or not, one of the Syco producers has already written a second single and wants to release it in the New Year which is amazing.
"I have the backing of Syco and hopefully this will help in my next step in negotiating a record deal with them."
The former IT recruitment manager turned the UK's next Genuine Urban Artist told DigitalSpy: "What I want to do is negotiate a deal. We want to make it happen.
"I don't think there is a specific timescale - I think they are allowed to make two singles with me, and then if they make a third, they have to make an album."
Based on the results of this first single, we reckon a Honey G album is unlikely any time soon...