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majority of pump fun traders fail to exceed ten thousand dollars in profits

Data reveals that 99.6% of Pump.fun traders have not surpassed $10,000 in realized profits, with only 55,296 wallets achieving this milestone among over 13.55 million. Profits exceeding $100,000 are even rarer, with just 0.048% of wallets reaching that level. Despite the challenges, Pump.fun has generated nearly $400 million in revenue by facilitating liquidity for memecoins, although discrepancies in profit calculations may suggest more traders are successful than reported.
Coinchapter
Kraken Energy Corp. ARM Luana Alonso
Finance & Economy, Market Report
21:05 13.01.2025

the rise of pump fun and the meme coin phenomenon

Pump.fun has revolutionized the meme coin landscape, allowing users to create and trade tokens effortlessly, leading to a surge in Solana's popularity. Despite the high risks, including scams and insider trading, the platform has attracted a vibrant community eager to capitalize on cultural moments, driving significant trading volume and engagement. As a result, Solana has outpaced Ethereum in decentralized exchange activity, marking a notable comeback in the crypto space.
Decrypt
United States Dollar Luana Alonso Jarett Dunn Richard Podgurski Lil Pump Sahil Arora Jason Derulo Miles Mikolas Caitlyn Jenner Rich the Kid Show more
Crypto, Blog Post
18:47 19.12.2024
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