Over 70% of Pump.fun Wallets in Profit Since May 2024

Key Insights

• 73.28% of Pump.fun wallets posted profits in April, the highest level in two years.
• Most profitable wallets generated modest returns between $1 and $500 despite improving sentiment.
• Major memecoins rallied alongside Bitcoin, fueling fresh speculation around a sector recovery.

Profitability across Solana-based memecoin launchpad Pump.fun climbed sharply in April as broader crypto market sentiment improved. Data from CoinGecko showed that 73.28% of wallets trading on the platform ended the month in profit.

The figure marked the fourth straight month where at least half of Pump.fun wallets remained profitable. It also represented the highest profitability rate recorded on the platform in nearly two years.

The improvement followed months of weak performance across the memecoin sector. Wallet profitability on Pump.fun bottomed at 30.1% in June 2025 before gradually recovering toward late 2025.

Profitability later climbed to 50% in Jan. 2026, then rose further to 56.8% in Feb. and nearly 70% in March.

Most Pump.fun Traders Recorded Small Gains

Despite the sharp increase in profitable wallets, most traders generated relatively modest returns during April.

According to CoinGecko data, roughly 2.05 million wallets posted profits between $1 and $500. That accounted for 65.1% of total profitable addresses on the protocol.

Another 87,000 wallets generated profits between $500 and $1,000. Meanwhile, approximately 169,000 wallets recorded gains exceeding $1,000.

Losses also remained widespread across the platform. Around 793,000 wallets lost between $1 and $500, representing 25.2% of all addresses tracked. Another 24,000 wallets lost more than $1,000.

The relatively small gains and losses reflected weaker trading activity compared with previous memecoin peaks. Data from DefiLlama showed Pump.fun daily trading volume averaged around $50 million during the past 30 days.

That remains well below the platform’s peak daily average above $200 million during the height of memecoin speculation.

The CoinGecko report also clarified that the analysis only tracked realized profits and losses. Wallets still holding unsold tokens were excluded even if those positions carried unrealized losses.

Most Pump.fun Traders Saw Modest Profits in April

The rise in profitability has not fully translated into massive gains for memecoin traders on the protocol. According to CoinGecko, 2.05 million wallets, which represents 65.1% of total wallets, actually made between $1 – $500.

87,000 wallets also made between $500 and $1,000 in profits, while 169,000 addresses saw over $ 1,000 in profits.

Interestingly, a higher number of wallets also recorded losses, with 793,000 addresses losing between $1 and $500, or 25.2%. Only 24,000 wallets lost more than $1000, while 22,000 wallets lost between $500 – $1,000.

The generally modest gains and losses are likely due to generally muted activity on the protocol. Data from DefiLlama shows that Pump.fun daily average volume over the past 30 days is around $50 million. This is far below the over $200 million daily average at its peak.

However, the data only accounted for realized profit and loss, meaning holders who have not sold tokens are excluded, even if they have an unrealized loss on their unsold position.

Memecoin Rally Follows Broader Crypto Recovery

The rise in profitable wallets coincided with improving conditions across the wider crypto market. Bitcoin recently reclaimed the $80,000 level as capital rotated back into higher-risk assets.

Memecoins also outperformed during the rebound. CoinGecko data showed the sector’s total market capitalization rose 22.58% during the past 30 days, while average token prices gained 40.64%.

Several large-cap memecoins posted double-digit gains during that period. DOGE rose 16%, PEPE climbed 20%, and PENGU advanced 60%. SIREN led major gainers after rallying 84%.

However, not every memecoin participated equally in the rebound. SHIB posted a smaller 6.83% gain, while TRUMP declined 19% during the same timeframe.

CoinGecko analysts cautioned against treating the profitability rebound as confirmation of a full memecoin recovery. They noted the improvement may partly reflect declining participation from unprofitable traders leaving the platform.

That view aligns with falling active wallet activity across Pump.fun despite improving profitability metrics.

The post Over 70% of Pump.fun Wallets in Profit Since May 2024 appeared first on The Market Periodical.