60% Pump.fun Addresses In Loss, Will PUMP Token Launch Succeed?

60% Pump.fun Addresses In Loss, Will PUMP Token Launch Succeed?

As the Solana

SOL
$149.4



24h volatility:
4.4%


Market cap:
$78.28 B



Vol. 24h:
$3.83 B

token launchpad Pump.fun gears up for the upcoming PUMP token launch, on-chain data shows that around 60% of wallet addresses on the platform are currently operating at a loss, with over 1,700 wallets each down more than $100,000.

Data from DuneAnalytics shows that out of 4.257 million addresses that traded over 10 Pump.fun tokens in the past six months, approximately 2.4 million (56.6%) recorded cumulative losses ranging from $0 to $1,000.

Nearly 1,700 addresses faced losses exceeding $100,000, while 46 wallets reported losses of more than $1 million.

Pump.fun wallet addresses are losing - Source: Dune Analytics

Pump.fun wallet addresses are losing – Source: Dune Analytics

On the other hand, only 5000 addresses managed to clock a profit over $100,000, with only about 311 wallets recording gains of over $1 million.

As per Pump.fun that profited the most.

Analyst Miles Deutscher highlighted the profit-and-loss (PnL) distribution in a chart shared on X (Twitter) in May 2025. The data revealed that 51.06% of wallets, equating to 166,590 addresses, reported losses exceeding $500, while only 0.0015% (just five wallets) registered profits between $50,000 and $100,000.

Are trading bots dominating pump.fun?

Data also reveals that trading bots are artificially inflating volume on Pump.fun, which could lead to heightened risks of manipulation and exit liquidity concerns.

Similarly, a report referencing Solidus Labs research revealed that 98% of tokens on Pump.fun were flagged as scams or involved in fraudulent trading activity, with only 1.4% demonstrating genuine liquidity.

Despite widespread losses among users, Pump.fun has still managed to generate an impressive $300 million in fees so far in 2025, even surpassing Ethereum

ETH
$2 569



24h volatility:
2.6%


Market cap:
$310.18 B



Vol. 24h:
$17.93 B

in this regard.

Meanwhile, the platform is gearing up for the launch of its PUMP token, aiming to raise $1 billion through a community-driven model. This ambitious goal has sparked further debate about Pump.fun’s long-term vision and sustainability.

Analysts warn that the upcoming PUMP token launch could trigger selling pressure on Solana, driven by aggressive capital rotation. In a recent post on X, analyst Miles Deutscher pointed out that Solana may face short-term downside as investors shift their focus, and funds, toward the new token.

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