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According to recent crypto data, the majority of traders using the decentralized platform Pump.fun have not yet made significant profits. In fact, only 0.4% of traders have managed to generate more than $10,000 in profits. This situation divides analysts, as these figures may be misleading! What is the real situation? Is Pump.fun actually profitable or not?
Crypto: Are Pump.fun traders making significant profits?
Pump.fun allows crypto users to create and trade memecoins, but statistics show that profitability remains a challenge for most. Out of the 13.55 million wallet addresses on the platform, approximately 55,296 have made profits exceeding $10,000. Moreover, six and seven-figure profits are even rarer! Only 0.048% of traders have made over $100,000, and only 0.00217% have surpassed the million-dollar mark.
However, onchain analyst Adam Tehc pointed out that the data does not fully reflect the reality of profits made on Pump.fun. He explained that unrealized profits, meaning cryptos in profit but not yet sold, are not taken into account. Additionally, some of the most profitable crypto wallets are those that invested early and have strong conviction in their choices. Furthermore, “it is likely that the actual number of profitable and extremely profitable wallets is an order of magnitude greater than what is displayed,” stated another analyst.
So, profits or no profits?
Although initial figures appear to indicate limited profitability for the majority of users, it is essential to nuance this conclusion. Unrealized profits and long-term strategies, often invisible in raw statistics, can significantly change the game. Therefore, Pump.fun does offer real potential, but its profitability largely depends on the experience, timing, and crypto strategy of each trader.
In summary, Pump.fun may be profitable for some experienced crypto traders, but the majority seem to struggle to generate significant profits. Thus highlighting the importance of a solid strategy and risk management.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
