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Key Takeaways
- 73.3% of Pump.fun traders were profitable in April 2026, the platform’s highest rate in at least two years, up from a low of 30.1% in June 2025.
- Monthly active wallets fell sharply from 5.2 million in May 2025 to 1.8 million in December 2025, with CoinGecko attributing the profitability rebound to a more selective, experienced trader base returning to the platform.
- Pump.fun burned $370 million worth of PUMP tokens, 36% of circulating supply, and launched a new buyback-and-burn program funded by 50% of future net revenue.
Pump.fun, the Solana-based meme coin launchpad, recorded its highest share of profitable traders in at least two years in April 2026, with 73.3% of wallets exiting positions in the green, according to data published by CoinGecko.
Pump.fun Swung from 30% to 73% Profitability Rate in Less Than a Year
From April 2024 through late 2025, the majority of traders on Pump.fun ended each month at a loss. During that stretch, the share of profitable wallets rarely exceeded 50% and reached a low point of 30.1% in June 2025, per CoinGecko’s findings.
The trend reversed in early 2026. CoinGecko data showed that approximately 57% of traders were profitable in February 2026, followed by a rise to 70% in March and 73.3% in April. In April, the largest group of profitable wallets, roughly 2.05 million, or 65.1% of all wallets tracked, earned between $1 and $500.
An additional 87,000 wallets (2.8%) booked gains between $500 and $1,000, while 169,000 wallets (5.4%) made more than $1,000. On the loss side, 793,000 wallets (approximately 25%) lost between $1 and $500, 22,000 wallets (0.7%) lost between $500 and $1,000, and 24,000 wallets (0.8%) incurred losses above $1,000.
CoinGecko noted that the clustering of both gains and losses in small amounts “reflects the small-size, high-frequency nature of memecoin trading, where participants typically deploy small amounts of capital.”
Monthly Active Wallets Fell from 5.2 Million to 1.8 Million Before Recovering
CoinGecko’s report also flagged a sharp decline in monthly active wallets as a potential factor behind the profitability improvement. Active wallets peaked at 5.2 million in May 2025 before dropping to 1.8 million in December 2025.
The subsequent rebound in early 2026 prompted CoinGecko to characterize the shift as a compositional change in the user base. CoinGecko stated in the report:
“This decline can be seen as the exit of the broader retail crowd and subsequent recovery in wallet counts from early 2026 onward implies the return of a more selective, experienced trader base, naturally shifting the profitability distribution in their favour.”
Pump.fun Burns $370 Million in PUMP Tokens and Launches New Buyback Program
Separately, Pump.fun announced on May 6 that it had burned all previously repurchased PUMP tokens and introduced a new buyback-and-burn program to be funded by 50% of future net revenue. The project said the destroyed tokens were valued at approximately $370 million and represented 36% of the circulating supply at the time of the burn.
