In August, Pump Fun reclaimed its position as the leader of the Solana Launchpad, creating 595,034 new tokens during the month, with 1,349,616 addresses participating in the trading of these new tokens (only addresses that both bought and sold are included). However, all traders collectively suffered losses of up to $66 million, and not a single millionaire was created—calling it an on-chain hell isn’t an exaggeration. - Still, over 60% of addresses were in the red. No matter the market conditions, losses always exceed half. - 65.4% of addresses (882,145 addresses) had losses ranging from $0–$1,000, with an average loss of $73.41. While these are small losses, the sheer volume adds up, with addresses in this range collectively losing over $64 million. - 28,636 addresses lost between $1,000–$10,000, with total losses exceeding $79 million. - 2,578 addresses lost over $10,000. While no millionaires were born, there were certainly "negative millionaires," including one unlucky individual who lost $1.32 million—the only address in August’s Pump Fun token trading to lose over $1 million. - On the profit side, 416,413 addresses made gains of $0–$1,000 (30.9% of participants), with an average profit of $98.97, totaling $41.17 million in profits. - 18,179 addresses made gains of $1,000–$10,000, with total profits of $47.5 million. - 1,665 addresses made over $10,000 in profits, but no millionaire addresses emerged. When combining the total PnL (Profit and Loss) across all trading ranges, it’s clear that Pump Fun token traders collectively lost $66 million in August…