Shocking Losses and Rare Wins: The Wild Ride of Pump.fun Traders

Hold onto your hats, folks! Over 60% of pump.fun traders are licking their wounds, while just 311 wallets are popping champagne, having raked in over $1 million in the last six months!

Dive into the data from Dune analytics, and you'll find that a staggering 2.4 million wallets, or about 56% of pump.fun traders, have seen their dreams crumble with losses of at least $1,000 in the past half-year. On the flip side, a lucky 311 wallets struck gold, pulling in over $1 million by betting on meme coins launched on the platform.

The gap between the haves and have-nots on this meme coin rollercoaster is wild! Most traders are walking away with lighter pockets, yet new wallets are still flooding in like there's no tomorrow. We're talking a jump from just 34,000 new wallets at the start of January to a mind-blowing 150,000 a day by June 6!

Brace yourself: around 221,827 wallets on this launchpad felt the sting of losses ranging from $1,000 to $10,000 in the last six months.

But wait, there's more! Nearly 30,000 wallets saw their funds nosedive between $10,000 to $100,000 in just six months of trading. And get this—46 wallets lost over $1 million in on-chain funds on pump.fun. Ouch!

Add it all up, and you've got 62.5% of pump.fun traders feeling the burn on this Solana-based meme coin platform. While the masses are counting their losses, a tiny crew of traders is out here making bank, pulling in up to $1 million in the last six months.

Pump.fun's Biggest Gainers

Those 311 wallets that scored over $1 million? They're just a drop in the bucket, not even reaching 0.01% of all pump.fun traders on Dune analytics.

Only 4,705 wallets, or a measly 0.1% of traders, managed to pull in profits from $100,000 to $1 million in the past six months. About 1% of wallets made between $10,000 to $100,000, while another 4.5% snagged between $1,000 to $10,000.

But here's the kicker: most meme coin holders who managed to squeeze out any profit at all? They're walking away with less than $1,000. Just 21.5% of traders pocketed at least $1,000 or less from trading on the platform.

In total, just 244,130 wallets made a profit in the last six months on pump.fun. That's less than a third of the whopping 4.2 million wallets out there, clocking in at about 27.2%.

Even as the market grows to include all sorts of meme coin flavors, from PancakeSwap's BNB-backed tokens to SUI meme coins, pump.fun remains the go-to spot for meme coin launchers, purely by the sheer number of tokens.

And in the latest twist, American rapper Cardi B was caught red-handed dumping a huge chunk of her meme coin WAP, just a day after hyping it up. Talk about a rug pull! In a flash, the market cap tanked from $2.5 million to a mere $139,000.