tl;dr
Only 0.4% of Pump.fun traders have profited $10,000 or more, with just 0.002% realizing over $1 million. Data analyst Adam Tehc found that out of over 13.4 million wallets on the platform, only 55,012 have achieved $10,000 in profit or more. This data excludes token purchases after graduation from t...
Only 0.4% of Pump.fun traders have profited $10,000 or more, with just 294 wallets realizing a profit of over $1 million. Pump.fun, a token launchpad, has generated over $392 million in revenue and accounted for up to 71% of tokens created on the Solana network.
Despite the shocking data, the rate of wallets profiting $1 million, $10,000, or $100,000 is increasing. Dune data analyst, Adam Tehc, found that only 55,012 wallets of the over 13.4 million on the platform have realized $10,000 in profit or more—that’s just 0.4% of wallets. As for the mythical crypto millionaire, only 294 wallets have realized a profit of more than $1 million, which is approximately 0.002% wallets on the platform.
This data excludes the purchasing of Pump.fun tokens after they graduated from the platform—currently achieved at a $100,000 market cap. That said, it does include the sale of tokens after graduating, if they were purchased beforehand.
“Relative to activity, volume, and fees, wallets profiting $1 million, $10,000, or $100,000 are growing at a faster rate,” Tehc explains. “This speaks to trenches maturing. More money flowing to the top dogs.”
Pump.fun is the token launchpad responsible for the creation of over 5.7 million meme coins. Since its January 2024 launch, the platform has brought in over $392 million in revenue and accounted for up to 71% of tokens created on the Solana network."
Last year, some degens resorted to performing crazy stunts on livestreams to help their tokens pump, so they could make a quick buck. This trend ultimately went too far with animal abuse and a faked suicide hitting the platform, leading to the livestreaming feature being shut down. Not long after the livestreaming was shut down, UK regulator the Financial Conduct Authority (FCA) issued a warning against the platform. That lead Pump.fun to ban UK users.