Dune Data: Only 0.45% of Pump.fun Traders Generate Profits Exceeding $10,000
According to data from the online analytics platform Dune, nearly 99.6% of Pump.fun traders have not made profits exceeding $10,000, indicating that significant profit-makers are extremely rare. However, analysts point out that unrealized profits and certain trades are not taken into account, so the actual profit situation may be underestimated.
Most traders’ profits have not surpassed $10,000
As a decentralized meme coin launch platform on Solana, Pump.fun is used to create and distribute meme coins. Despite the platform’s impressive trading volume and revenue performance, recent data shows that the majority of traders have hardly made substantial profits.
Analyst Adam Tehc from Dune recently tweeted that among the 13.79 million wallet addresses on Pump.fun, only about 56,207 have achieved profits exceeding $10,000, which represents only 0.457% of traders reaching this threshold.
Traders who have realized profits in the six or seven digits are even rarer, with only 6,644 wallets (0.005%) having profits exceeding $100,000, and only 294 wallets (0.00213%) having profits exceeding $1 million.
In other words, if you have made profits exceeding $10,000 in token trading on Pump.fun in the past few months, your wallet is ranked among the top 0.457%. This indicates that the profits of the majority of traders are still relatively low.
Data may underestimate actual profits
However, these data may not fully reflect the actual situation. Another on-chain observer, Alon, pointed out that there is a certain deviation in the data presented:
Tokens purchased after being paired with the decentralized exchange Raydium are not included in the profit calculation, which means that the profits of some traders are underestimated.
He also added, “In reality, the number of profitable wallets and wallets with significant profits may be much higher than the currently displayed data.”
Furthermore, he emphasized that these data still do not consider unrealized profits: “Some wallets have high profits because they hold tokens purchased early and have confidence in them.”
Meme coin market value declines, Pump.fun revenue remains strong
Despite the significant market value decline in the meme coin market in the past month, Pump.fun’s total revenue performance remains impressive. Among the total revenue of $365 million generated by Solana DApps in November, Pump.fun contributed over $100 million, becoming the first DApp on Solana to achieve over $100 million in monthly revenue.
CoinMarketCap: Meme coin market value declined by 22.12% in one month
(Solana DApp’s November revenue exceeded $365 million! Meme coin platform Pump.fun contributed $109 million in a single month)
The on-chain tracking platform Lookonchain also revealed a few days ago that Pump.fun has earned approximately 2.016 million SOL tokens (worth about $398 million) to date and has deposited over $300 million worth of SOL into Kraken, converting $41 million into USDC.
Previously, behind the impressive revenue, Pump.fun also faced concerns from US law enforcement agencies due to the misuse of its live streaming feature for terrorism and violent threats, resulting in a sudden drop in revenue.
(Terrorism, Grandmother Imprisonment, School Shooting Threats, and More! Pump.fun Slams the Brakes, Platform Announces Removal of Live Streaming Feature)
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