to leave a comment.
▲ Dogecoin (DOGE), Memecoin, Pump.fun / AI-generated image ©
The profitability index for Pump.fun traders has rebounded to its highest level since 2024. Wallets that experienced significant losses in Solana-based memecoin trading in 2025 have shown a recovery this year, with the proportion of active wallets recording profits rising to 73.28% as of April.
BeInCrypto reported on May 9, citing CoinGecko data, that the proportion of Pump.fun traders with profitable wallets reached 73.28% in April 2026. This is more than double the low of 30.08% recorded in June 2025. This metric has remained above 50% for four consecutive months since January 2026.
Pump.fun is a memecoin issuance platform launched on Solana in January 2024. By the end of 2024, the number of monthly active wallets grew to millions, but from June 2024 to December 2025, more than half of active wallets recorded realized losses each month. In particular, in June 2025, the proportion of profitable wallets dropped to 30.08%, with approximately 70% of wallets incurring monthly losses.
The trend shifted starting in January 2026. The proportion of profitable wallets was 50.08% in January and rose to 73.28% in April. Loke Choon Khei, a CoinGecko researcher, stated that while the exact cause of this reversal cannot be determined, it could be a natural result of unprofitable traders exiting the platform. He cited the continuous decrease in monthly active wallets from a peak of 5.2 million in May 2025 to 1.8 million in December 2025 as a basis for this.
However, the profit recovery in April was concentrated on small profits rather than large ones. In April 2026, there were 3.14 million active wallets trading on Pump.fun, of which 2.3 million recorded monthly profits. However, approximately 2.05 million wallets, accounting for 65.14% of all wallets, made profits between $1 and $500. There were 87,127 wallets that made profits between $500 and $1,000.
Wallets that made profits exceeding $1,000 numbered 168,795, accounting for only 5.37% of the total. Most losing wallets were also concentrated in the small loss range. Approximately 792,724 wallets recorded losses between $1 and $500, while 24,538 wallets incurred realized losses exceeding $1,000.
BeInCrypto stated that this analysis only reflects realized gains and losses. This means that holders who did not sell, even if token prices plummeted, are excluded from the count. While the recovery in profitability for Pump.fun traders is clear, most of the profits in April were concentrated in the small range of $1 to $500.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.