Over 50% Pump Fun Traders Lose Money as Launcher Earn $79M

• Token traders and launchers experienced contrasting outcomes in the Pump Fun community.
• Over 50% of Pump Fun token traders recorded losses last month.
• 250 Pump Fun token deployers extracted $79 million from traders.

Cryptocurrency dynamics within the Pump Fun ecosystem have yielded mixed outcomes for traders and token launchers over the past month. While most traders recorded losses or marginal profits, those behind the projects made money.

An Abysmal Season for Pump Fun Token Traders

Data compiled by a Dune Analytics user reveals that approximately 96% of crypto wallets trading tokens launched on the Pump Fun platform made less than $500 in the past month, with over 50% recording losses.

Despite the dominant average, a few outliers existed during the period under review. For instance, the analyst identified two separate wallets that made over $1 million each trading Pump Fun ecosystem tokens, and another pair of wallets that lost between $500,000 and $1 million over the same period.

Source: Dune Analytics

It is crucial to note that the data above only shows the number of wallets reviewed, and individual traders can create multiple wallets if they want to.

Pump Fun Project Deployers Make Good Money

In the meantime, the abysmal performance of individual traders does not represent the overall activity trend with the Pump Fun community. According to an analyst examining the performance of projects launched on the platform, 250 Pump Fun token deployers extracted $79 million from traders.

The analyst noted that the 250 identified wallets deployed around 10 tokens, just exceeding $5 million in market cap, and launched 194,000 tokens in the last six months.

Similarly, the analyst noted that the 250 wallets linked to various projects do not necessarily represent the same number of individuals or groups, as one person can launch multiple projects on the Pump Fun platform using different wallets.

PUMP Struggles Amid Bearish Crypto Market

Amid Pump Fun ecosystem tokens and projects’ output, the platform’s native cryptocurrency, PUMP, is under significant bearish pressure in alignment with the broader crypto market. PUMP has declined 45% in the past two months, and traded for $0.001861 at the time of writing, according to TradingView’s data.

Pump Fun has recently pivoted toward AI and the emerging agentic trading sector, aligning with the evolving broader crypto ecosystem. However, several community members are concerned about the project’s reluctance to follow through with an airdrop rollout that it announced several months ago. 

Related: Pump.fun Hits $1B Revenue, Hints Move to Ethereum, Monad and Others