The post Just 0.4% of Pump.fun Traders Have Made More Than $10,000 on Solana Meme Coins appeared on BitcoinEthereumNews.com.
Sometimes it feels like everyone is making money all of the time in crypto, but that’s not the full truth. In fact, just 0.4% of Pump.fun traders have profited $10,000 or more trading on the meme coin platform. 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. “289 Pumpfun millionaires is very low and speaks to the gap between the timeline and reality,” Tech told Decrypt. OK. • If you’ve realized $1,000,000 trading pumpfun’s you’re a top 0.00217% wallet. • If you’ve realized $100,000 trading pumpfun’s tokens you’re a top 0.048% wallet. • If you’ve realized $10,000 trading pumpfun’s tokens you’re a top 0.412% wallet. https://t.co/LnOwFfs2kk — Adam (@Adam_Tehc) January 9, 2025 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. “If they actually tried the platform or spoke to users they’d know that most of the gains are made AFTER a coin [graduates],” pseudonymous Pump.fun co-founder Alon wrote in an X thread after this story was originally published, responding to chatter around the data. “It’s likely that the true number of profitable and extremely profitable wallets is an order of magnitude LARGER than exhibited.” Plus, Tech admits, figures may be slightly skewed due to the number of bot accounts on the platform. That includes “bump bots” that spam small buys and sells to drive attention to tokens. Alon also wrote that around 30% of wallets that…