Only 0.4% of Pump.fun Users Earn Over $10K

Despite the popularity of the Pump.fun platform, only 0.4% of its users managed to earn more than $10,000 through memecoin trading. According to data from Dune analyst Adam Tehc, out of more than 13.4 million wallets registered on the platform, only 55,012 recorded a profit of $10,000 or more.

As for the coveted mark of $1 million, only 294 wallets (about 0.002%) managed to reach that level.

“In reality, the myth of numerous crypto millionaires is greatly exaggerated. These figures show just how different reality is from expectations,” Tehc remarked.

Growth in Profitable Wallets

Five months ago, the number of wallets with more than $10,000 in profits was just 11,936, while only 70 had reached a million. Since then, these indicators have more than quadrupled.

“The rise in the number of profitable wallets indicates that wealth is becoming more concentrated among experienced traders. The top players are getting richer,” Tehc explained.

Data May Not Be Exact

Tehc’s analysis excludes profits from selling Pump.fun tokens after their market cap surpassed $100,000, though it does account for sales if the tokens were purchased prior to that threshold.

Pump.fun co-founder, who goes by the pseudonym Alon, noted that the actual number of profitable wallets could be significantly higher.

“Most of the profit is generated after a token leaves the platform,” he said on social network X.

Tehc also acknowledged that the data may be skewed due to bot activity, including so-called “bump bots” that artificially create buy and sell activity to draw attention to tokens. Alon added that around 30% of the wallets on the platform used only one order — usually a sell order — which likely indicates automation.

Pump.fun: Successes and Scandals

Since its launch in January 2024, Pump.fun has become the leading platform for launching memecoins. Over this time, more than 5.7 million tokens have been created on the platform, generating $392 million in revenue. At its peak, Pump.fun was responsible for up to 71% of all tokens created on the Solana network.

However, controversies have followed. In 2024, some users staged provocative livestreams to boost interest in their tokens, which led to incidents of animal cruelty and even a staged suicide. As a result, Pump.fun disabled its streaming function.

Additionally, the platform faced regulatory issues. In 2024, the UK’s Financial Conduct Authority (FCA) issued a warning about the platform, prompting Pump.fun to block access for users in that country.

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