99.6% of Pump.fun traders fail to earn even $10,000
Data reveals most Pump.fun traders struggle to profit in volatile memecoin market
Most traders on Pump.fun, a decentralized Solana-based memecoin creation platform, have yet to realize significant profits, according to recent data.
A Dune Analytics report reveals that only a small fraction of users have achieved profits exceeding $10,000, highlighting the challenges of profiting in the volatile memecoin market, reports Cointelegraph.
Majority of Traders Below $10,000 in Realized Profits
Dune data indicates that out of 13.55 million Pump.fun wallets, only 55,296 wallets have realized profits above $10,000 — roughly 0.412% of traders. Larger profits are even rarer; just 0.048% of wallets have exceeded $100,000, while only 0.00217% of traders have reached $1 million in realized profits, equating to around 293 wallets.
Realized profit or loss only accounts for trades that have been closed. However, onchain analyst Alon argues the data may not paint a complete picture. They noted that profit calculations often omit coins purchased after being bonded to decentralized exchange Raydium. This could mean the number of truly profitable wallets is significantly higher.
Alon also pointed out that unrealized profits—crypto assets still held in profitable positions—are not included in the analysis. These positions could represent a significant portion of the platform’s overall profitability.
Pump.fun Revenue Nears $400 Million Despite Market Decline
Despite individual trading challenges, Pump.fun has seen robust revenue growth. The platform’s overall earnings reached 2,016,391 SOL tokens, totaling nearly $398 million as of early January, according to Lookonchain data.
While memecoin market capitalization dipped in December, Pump.fun has maintained strong revenue, reportedly converting over $300 million in SOL to Kraken and exchanging $41 million into USD Coin.
Pump.fun’s success comes amid a turbulent memecoin market, where speculative trading remains high-risk. The platform’s revenue growth reflects ongoing user activity and enthusiasm despite the limited number of traders realizing significant profits.
Recently we wrote, that on January 7, Solana’s meme coin platform, Pump.fun, transferred another 98,593 SOL—valued at $20.49 million—to Kraken.
