For the fourth month in a row, most traders on Pump.fun ended in the black. In April 2026, 73.28% of active wallets on the Solana-based meme coin launchpad were profitable, according to data from CoinGecko. That continues a streak that began in January 2026, after more than a year and a half when the majority of users lost money each month.
From losing streak to winning run
From June 2024 through December 2025, the share of profitable traders on Pump.fun never topped 50%. The low point came in June 2025, when just 30.08% of active wallets ended the month with realized gains. Since then, the profitable-trader ratio has more than doubled. The platform, which launched in January 2024, quickly became the dominant place to create and trade meme coins on Solana. Monthly active wallets hit a peak of 5.2 million in May 2025 but then dropped to 1.8 million by December 2025.
Who made money and who didn't
April 2026 saw 3.14 million active wallets on Pump.fun. Of those, 2.30 million finished the month with realized profits. The bulk of the winners — about 2.05 million wallets, or 65.14% of total users — recorded gains between $1 and $500. Another 87,127 wallets saw gains between $500 and $1,000. Only 168,795 wallets, or 5.37%, realized profits above $1,000.
On the losing side, 792,724 wallets lost between $1 and $500. A much smaller group — 24,538 wallets — took realized losses north of $1,000.
Why the shift?
CoinGecko researcher Loke Choon Khei hypothesized that the turnaround reflects a natural exodus of unprofitable traders from the platform. As less experienced or unlucky users left, the remaining pool skewed toward traders who could consistently eke out gains. The study only counts realized profit and loss — it doesn't account for the so-called bagholders who bought tokens and never sold, even if those tokens crashed to zero. That means the true number of losing positions could be higher than the data shows.
The April figures come as active wallets have rebounded somewhat from the December 2025 low, but remain well below the May 2025 peak. Whether the profitability trend holds will depend on whether the platform continues to attract — and retain — traders who can stay in the green.
