99.6% of Pump.fun traders haven't locked in over $10K in profits: Data
Summary
Almost all traders on Pump.fun, a decentralized platform for Solana-based memecoins, have not realized profits exceeding $10,000, with only 55,296 out of 13.55 million wallet addresses achieving this milestone. Only 0.048% of traders have realized over $100,000, and 0.00217% have surpassed $1,000,000. Analysts suggest that the actual number of profitable wallets may be significantly higher due to factors not accounted for in the data, such as unrealized profits and trading strategies. Despite a decline in the memecoin market cap, Pump.fun's revenue is approaching $400 million, with 2,016,391 SOL tokens earned and over $300 million deposited to Kraken.
