Only 0.4 % of Pump. joy Investors Have Made More Than$ 10, 000 on Solana Meme Coins

Although it may seem like everyone in bitcoin is making money all the time, that’s not entirely true. In fact, only 0.4 % of Pump. fun investors have profited$ 10, 000 or more buying on the image gold system.

Dune information scientist, Adam Tehc, found that even 55, 012 cards of the over 13.4 million on the system have realized$ 10, 000 in income or more—that’s only 0.4 % of cards. As for the mythical crypto millionaire, only 294 wallets have realized a profit of more than$ 1 million, which is approximately 0.002 % wallets on the platform.

” 289 Pumpfun entrepreneurs is quite low and speaks to the difference between the timeframe and reality”, Tech told .

The purchase of Pump is not permitted by this information. fun tokens after they graduated from the platform—currently achieved at a$ 100, 000 market cap. That said, it does include the price of currencies after college, if they were purchased ahead. Plus, Tech admits, characters may become somewhat skewed due to the number of bot accounts on the system. That includes “bump machines,” which smear small purchases and sales to draw in customers for currencies.

While this information seems surprising, five months ago there were just 70 Pumps. joy entrepreneurs and 11, 936 cards profiting$ 10, 000 or more.

” Relative to activity, volume, and fees, wallets profiting$ 1 million,$ 10, 000, or$ 100, 000 are growing at a faster rate”, Tehc explains. ” This speaks to tunnels maturing. More wealth is being poured into the elite.

Pump. Fun is the key rocket behind the development of more than 5.7 million image cash. The program has generated more than$ 392 million in revenue since its start in January 2024, and it accounts for up to 71 % of the Solana network’s token creations.

It has spawned a society of traders who are eager to compete in the pits in an effort to be Pumps. entertaining businessman.

Some degens used insane stunts on streams last year to generate extra money to boost their token sales. Pet abuse and a fake suicide attack hit the system, which eventually led to the shut down of the livestreaming feature.

The Financial Conduct Authority (FCA ), a body in the UK, issued a warning about the platform shortly after the livestreaming was stopped. That result Pump. joy to boycott UK customers.

Edited by &lt, “https: //decrypt. co/author/stacy” &amp, gt, Stacy Elliott.