Only 0.412% of traders on Pump.fun have earned more than $10,000 in profits, according to data from Dune. Out of 13.6 million wallets registered on the platform, just 55,296 have achieved such returns—equating to a mere 0.412%.

Even fewer traders managed profits exceeding $100,000, representing 0.048% of users. Gains over $1 million are rarer still, claimed by 293 wallets or about 0.00217%.

Despite the limited success rates among traders, Pump.fun has shown robust revenue generation, nearly $400 million in total, according to Lookonchain. In January 2025, the platform had earned over 2 million SOL (~$398 million), much of which was converted into USDC.

Profit Calculation Nuances

Realized profits are only accounted for after trades are closed, and analysts acknowledge this creates challenges in gauging successful deals. Some claim the data doesn’t reflect all profits, particularly from coins integrated with Raydium. Many profitable users also reportedly hold unrealized gains on early-stage assets.

Broader Context

In September 2024, it emerged that out of more than 2 million tokens launched on Pump.fun, only 92 had a market capitalization surpassing $1 million.
The meme coin market faced heightened volatility in December 2024, with overall market cap sliding from $137 billion down to $92 billion.