#Pump.fun has over 13 million users.#
Hot Topic Overview
Overview
Pump.fun has surpassed 13 million users, but according to Dune data, only 0.458% of wallets have made profits exceeding $10,000. The founder of Pump.fun has questioned this data, arguing that the statistical methods used are flawed. For instance, the data does not account for token purchases linked to Raydium, does not consider unrealized profits, and does not take into account the large number of bots and AI agents among the users. The founder also points out that about 30% of wallets have only conducted one sell transaction, which makes it unlikely that real human users are behind these wallet activities. Therefore, Pump.fun's actual profitability may be higher than what the Dune data suggests, but further confirmation is needed.
Ace Hot Topic Analysis
Analysis
Pump.fun platform has surpassed 13 million users, but founder Alon denies the profitability data shown by Dune, arguing that there are statistical errors. Alon points out that Dune data does not account for token purchases tied to Raydium, and most of the revenue is generated after the tokens are tied, so the data underestimates the actual profitability. In addition, Dune data does not take into account unrealized profits. Some wallets holding early tokens may have huge unrealized profits, but the data shows negative numbers. Finally, Alon also points out that among the over 13 million users, many are bots and AI agents, about 30% of wallets have only made one transaction, which is a sell. It is impossible for real human users to be behind these wallet activities. Therefore, the actual profitability of the Pump.fun platform may be much higher than the figures shown by Dune data.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Pump.fun has a large number of users, but the actual percentage of profitable users is very low, with only 0.458% of users earning over $10,000.
Pump.fun founder denied the accuracy of Dune data, believing that there are problems with data statistics, such as not counting token purchases tied to Raydium, not considering unrealized profits, and the existence of a large number of bots and AI agents among users.
There are a large number of bots and AI agents among Pump.fun users, with about 30% of wallets only making one transaction, which is to sell, and it is impossible for real human users to be behind these wallet activities.
Pump.fun founder believes that the real number of profitable and large-profit wallets may be an order of magnitude larger than what Dune data shows.