The share of profitable traders on Pump.fun, a Solana-based meme coin launchpad, reached 73.28% in April 2026, marking the fourth consecutive month above 50%. This recovery follows a prolonged period of losses, with the metric bottoming out at 30.08% in June 2025. CoinGecko data attributes the reversal partly to a natural exodus of unprofitable traders, as monthly active wallets declined from a peak of 5.2 million in May 2025 to 1.8 million in December 2025. Pump.fun launched in January 2024 and quickly became the dominant meme coin platform on Solana, attracting millions of monthly active wallets by late 2024. However, most traders realized losses each month from June 2024 through December 2025, with the worst month seeing 70% of traders booking losses. The turnaround began in January 2026, when profitable traders climbed to 50.08%, and has since accelerated. For wallet and key holders, the data highlights the risks of meme coin trading, where most participants historically lose money. Even during the profitable April 2026 period, gains were modest: 65.14% of profitable wallets made between $1 and $500, while only 5.37% cleared $1,000. Losses were similarly small-scale, suggesting that large speculative bets remain risky. The report notes that unrealized losses from bagholders are not included, meaning the true picture may be worse.

Key facts

• 73.28% of Pump.fun traders were profitable in April 2026, up from 30.08% low in June 2025.
• Monthly active wallets fell from 5.2M in May 2025 to 1.8M in December 2025.
• 2.3M of 3.14M active wallets were profitable in April 2026.
• 65.14% of profitable wallets gained only $1–$500; 5.37% exceeded $1,000.
• Study excludes unrealized losses from token holders who never sold.

KeyAudit data perspective