Only 0.4% of Pump.fun traders have made more than $10,000

Sometimes it seems like everyone is making money all the time from cryptocurrencies, but that is not the whole truth. In fact, only 0.4% of pump. fun Traders have made profits of $10,000 or more trading on the meme Coin platform.

dune data analyzer, Adam Tehc, It was found that only 55,012 wallets from More than 13.4 million on the platform I made profits of $10,000 or more, and this represents only 0.4% of portfolios. As for the legendary millionaire, only 294 wallet I made over $1 million in profit, which is approximately 0.002% of the portfolios on the platform.

“289 Pumpfun millionaires is a very low number and speaks to the gap between timeline and reality.” Technology said Decryption.

Yes.

• If you make $1,000,000 trading Pumpfun, you are in the top portfolio by 0.00217%.

• If you have made $100,000 trading Pumpfun tokens, you are in the top 0.048% wallet.

• If you have $10,000 in Pumpfun tokens, you are a 0.412% better wallet. https://t.co/LnOwFfs2kk

- Adam (@Adam_Tehc) January 9, 2025

This data does not include the purchase of Pump.fun tokens after they exit the platform, which currently have a market capitalization of $100,000. However, it does include the sale of tokens after graduation, if they were purchased previously. Additionally, the technology admits that the numbers may be slightly skewed due to the number of bot accounts on the platform. This includes “bump bots” that spam small buys and sells to attract attention to the tokens.

While this data may seem shocking, Five months ago There were only 70 Pump.fun millionaires and 11,936 portfolios earning $10,000 or more.

“In terms of activity, volume and fees, portfolios that earn $1 million, $10,000 or $100,000 grow at a faster rate,” explains Tehc. “This speaks to the moats being ripe. More money is flowing to the top dogs.

For everyone chasing graduation from Pumpfun, December has been the most negative month yet.

The graduation rate dropped from 1.4% in November to 1.16% in December. pic.twitter.com/5n5nimWMWl

- Adam (@Adam_Tehc) January 8, 2025

Pump.fun is the token launching board responsible for generating over 5.7 million meme coins. Since its launch in January 2024, the platform has attracted more attention $392 million in revenue And he counted Up to 71% of tokens created are on the Solana network.

It gave birth to a culture of traders who dedicated themselves to fighting it in the trenches in the hopes of becoming a Pump.fun millionaire.

Last year, some deejays turned to performing Crazy stunts on live streaming To help their premium currencies pump in, so they can make a quick profit. This trend has finally gone further Animal abuse and faked suicide Hit the platform leading up to The live streaming feature has been discontinued.

Shortly after the live stream was shut down, the UK's Financial Conduct Authority (FCA) issued a warning against the platform. This will block Pump.fun UK users.

Modified by <"https://decrypt.co/author/stacy">Stacy Eliot.