Over half of Pump.fun traders at a loss, most profits under $500

Last month, 50.6% of addresses that traded on Pump.fun (PUMP) incurred losses, while 96% of profitable addresses earned less than $500, Protos reported, citing data from Dune Analytics. Two addresses made profits of over $1 million, while two others suffered losses between $500,000 and $1 million. In contrast, the top 250 token issuers collectively earned $79 million. Pump.fun recently introduced an AI-based automated trading system, but the price of PUMP has been falling as a previously announced airdrop has not materialized.