An analysis of financial success on pump.fun platform
An analysis of data from the pump.fun platform, specializing in creating meme tokens, has revealed that only 3% of traders on this platform were able to earn more than $1000. Furthermore, less than 0.8% of users have made profits exceeding $10,000. These figures indicate that the vast majority of platform users have not been able to achieve significant financial success.
According to information provided by the analytical service Dune, the majority of traders on pump.fun have not had a single profitable trade, despite the active launch of thousands of meme tokens every day. The main issue with the platform is the extremely low percentage of successful token launches: only 1.21%-1.41% of created assets reach the market. This means that over 98% of meme coins remain unrealized and do not receive further development.
Over the past 24 hours, only 160 out of 10,700 created meme tokens were transferred from the service to the decentralized protocol Raydium, which operates on the Solana blockchain. Most tokens either stay at the same level or lose volume and liquidity as traders seek to take profits or minimize losses. For a meme coin to be considered launched and be able to enter the Raydium liquidity pool, its market capitalization must be at least $60,000. Otherwise, the token remains outside the main market.
Despite the weak performance of traders and the low percentage of meme coin launches, pump.fun continues to demonstrate impressive financial results. In the period from August 10 to 17, the platform’s revenues amounted to $6.3 million, more than doubling the April figure of $2.5 million and exceeding May’s revenues by 50%. These numbers highlight that, despite the low success of the meme coins themselves, the platform remains financially successful due to the volume of activity and transactions.
