Only 0.4% of traders on Pump.fun have profited $10,000 or more from meme coins, according to data from Dune analysis. This translates to just 55,012 wallets achieving this profit level, while only 294 wallets have become millionaires, representing approximately 0.002% of all wallets on the platform. While the growth in wealth among top traders is evident, it's overshadowed by the general underperformance of the majority. The platform, launched in January 2024, has facilitated significant transaction volume and created a unique culture among traders competing to become millionaires through meme coins. Despite the excitement, reliability and profitability appear limited, with the graduation rate of traders decreasing from 1.4% in November to 1.16% in December. This indicates challenges for those hoping to see substantial returns through trading, especially in current market conditions where regulatory scrutiny is increasing.

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