- 65% of PumpFun wallets lost up to $1,000 in August, averaging $73 each and totaling $64M in losses
- Only 1,665 wallets saw profits above $10,000, while the majority of active traders closed the month at a loss
- PumpFun captured 46.6% of the Solana launchpad share, while rival LetsBonk trailed behind with less than 9%
PumpFun recorded over 1.3 million active addresses in August, reflecting a surge in trading activity. However, traders faced net losses of $66 million during the same period. Data from researcher Defioasis showed that PumpFun launched 595,000 new tokens in August, helping it regain the top spot among Solana launchpads.
Despite strong activity, profitability remained limited. More than 60% of traders closed the month with negative balances, and no single trader achieved gains of more than $1 million. The data highlighted a pattern where participation grew, but most wallets lost money.
Breakdown of Losses and Gains
The majority of wallets bore small but widespread losses. Around 882,000 addresses, equal to 65.4% of participants, lost between $0 and $1,000. The average loss stood at $73.41 per wallet. Together, these small losses added up to more than $64 million.
Meanwhile, approximately 416,000 wallets earned modest gains below $1,000, with averages of less than $100. About 18,000 wallets gained between $1,000 and $10,000. Only 1,665 addresses reported profits of more than $10,000. These results showed profits existed but were outweighed by larger overall losses, leading to the $66 million net decline.
Pump Token Buybacks and Market Position
PumpFun also pursued buybacks to support its PUMP token price. In August, it repurchased $58.7 million worth of tokens, raising its total buyback value to $66.6 million. The strategy absorbed over 17.5 billion tokens at an average cost of $0.003765 per token.
At the same time, PumpFun strengthened its position in the Solana ecosystem. Data from Jupiter showed the platform captured a 46.6% market share among Solana launchpads. Its closest competitor, LetsBonk, trailed far behind with under 9% share and $97.8 million in recorded activity.
Revenue Growth and Legal Challenges
PumpFun’s growth continued in revenue despite losses at the trader level. The platform surpassed $800 million in lifetime fees, earned primarily from its 1% swap charges on token trades. Dune data also showed over 71,000 PUMP holders, with 46% of ownership distributed across smaller retail wallets.
However, legal risks remain for the project. A class-action lawsuit filed earlier in the year accused the platform of operating like an unlicensed casino. Plaintiffs claimed total investor losses have reached $5.5 billion and compared token mechanics to a “rigged slot machine.” The case continues as PumpFun maintains growth across its user base.
