Approximately 96% of cryptocurrency wallets trading Pump Fun-launched tokens have made less than $500 in the past month, and more than 50% have posted losses.
This is according to Dune analysis compiled by analyst @oladee.
According to Oladee data, 45.6% of traders made a profit of up to $500, while 50.6% suffered a loss.
This figure is clearly a misinformation, published by market analyst Ted Pillows, who claimed that 96% of Pump Fun Token traders on decentralized exchanges have lost money this month.
On the contrary, in the last month, two wallets have made more than $1 million in revenue trading Pump Fun tokens. On the other side of the scale, 2 Losses between $500,000 and $1 million.
Screenshot of @oladee’s Dune dashboard tracking Pump Fun stats.
Read more: X Creators’ $1 million winner exposed as meme coin pump and dumper
It is worth noting that the data only shows the number of wallets, and individual traders can create multiple wallets as needed.
Pump Fun Token Launcher is making banks
While the majority of individuals trading these tokens are not making bank, those deploying them certainly are.
According to cryptocurrency analyst Detective, the top 250 adopters of Pump Fun tokens have extracted $79 million from traders.
Dethective added that these 250 wallets only had about 10 tokens with a market cap of more than $5 million deployed. The wallet also issued 194,000 tokens in the past six months.
Read more: Binance token listing is no longer a “bullish” event, study
The detective notes that his findings are not necessarily correct. 250 different peoplebut specifically 250 cryptocurrency wallets.
Pump Fun Tokens reduced by 80%, but no airdrop yet
Pump Fun recently pivoted into the emerging field of AI and agent trading, where we perform AI software trading on behalf of our clients.
In this spirit, the memecoin platform has announced a system of automatic repurchase options for third-party AI agents.
The feature wasn’t well-received by X’s Pump Fun traders, who remain unsettled by the platform’s reluctance to roll out the airdrop it announced 258 days ago to be happening “soon.”
Read more: Cryptocurrency companies cut staff due to bear market and AI shift
Since then, Pump Fun has not mentioned the airdrop on X, and its current status is unknown. The price of the $PUMP token has fallen 80% from its all-time high of $0.008819 in September last year.
One factor that may be slowing things down is the ongoing crypto bear market and the broader economic fallout from the US and Israel’s war against Iran.
In fact, last week, cryptocurrency exchange Kraken announced that it would postpone the launch of its initial public offering until “market conditions improve.”
NFT platform OpenSea also announced that it would postpone the launch of its $SEA token, citing “difficult” market conditions across cryptocurrencies.
