Mixed Fortunes for PUMP Traders: Nearly Half in Profit, Others Deep in the Red
On-chain information exhibits that almost half of Pump.enjoyable’s PUMP token holders are in revenue, whereas the different half are sitting on steep losses.
On September 12, blockchain analytics platform Bubblemaps, citing Dune Analytics information, reported that out of greater than 270,000 wallets, roughly 130,000 addresses are in revenue, whereas a barely bigger share stays underwater.
On-chain Data Reveals Sharp Divide in PUMP Traders’ Profits and Losses
According to the agency, the numbers reveal how profits and losses diverge throughout completely different tiers of merchants.
Bubblemaps identified that almost 10,000 merchants have cleared over $1,000, totaling round $332 million. Another 2,000 wallets crossed the $10,000 threshold, with cumulative income above $311 million.
At the prime, slightly below 400 wallets earned over $100,000, producing $264 million, whereas 28 wallets exceeded $1 million in returns. Meanwhile, one main dealer alone has captured greater than $10 million in income.
Yet the features inform solely half the story.
According to Bubblemaps, the steepest losses got here from almost 9,000 wallets that every dropped greater than $1,000, collectively forfeiting $332 million. Another 1,800 merchants misplaced greater than $10,000 apiece, with their mixed purple ink totaling $312 million.
Meanwhile, 343 merchants have every misplaced a median of over $100,000, which quantities to greater than $265 million. At the identical time, 30 merchants have misplaced greater than $1 million every, and their whole losses equal $177 million.
The uneven distribution of wins and losses comes as Pump.fun rolls out Project Ascend, a reform initiative launched in early September.
A key function of the improve, “Dynamic Fees,” lowers mission prices as their market caps develop. This mechanism is designed to discourage short-term rug pulls and other exploitative launches.
By linking charges to market efficiency, Pump.enjoyable is betting that stronger initiatives will thrive whereas low-quality scams change into much less enticing to deploy.
The program has already distributed almost $20 million to token creators and performed a pivotal position in Pump.enjoyable’s latest market ascension.
Notably, market sentiment has mirrored these changes within the project’s ecosystem.
Data from BeInCrypto exhibits that PUMP, the platform’s native token, climbed more than 4% over the previous 24 hours, rising from $0.0058 to $0.0064.
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