While Dune data suggests most Pump.fun traders haven’t realized over $10,000 in profit yet; an onchain analyst argues it doesn’t fully capture what’s happening.
Almost all traders on Pump.fun, a decentralized platform for creating Solana-based memecoins, have yet to realize above $10,000 in total profits, according to recent Dune data.
However, an onchain analyst argues that the data doesn’t give a clear picture of how many crypto traders are actually in profits on the platform.
“If you’ve realized $10,000 trading Pump.fun’s tokens you’re a top 0.412% wallet,” onchain analytics platform Dune analyst Adam Tehc said in a Jan. 10 X post. A realized profit or loss is only calculated after traders have closed their position (sold the crypto they hold).
