Pump.fun traders are starting to see a clear turnaround in 2026 after a long period of poor performance, according to the latest data from CoinGecko.
From April 2024 to late 2025, most traders who exited their positions on the popular Solana-based memecoin platform ended each month with losses. During this period, the share of profitable wallets rarely exceeded the 50% threshold and fell to 30.1% in June 2025 due to a significant decline in the performance of active participants.
Improving profitability of Pump.fun
This trend began to reverse in early 2026. In February, Pump.fun recorded a gain of almost 57% for traders. It then jumped to 70% in March 2026 and 73.3% in April. In April 2026, gains were heavily concentrated at the lower end of the spectrum.
CoinGecko found that the largest cohort, approximately 2.05 million wallets (65.1%), earned between $1 and $500. An additional 87,000 wallets (2.8%) made profits between $500 and $1,000, and 169,000 wallets, representing 5.4%, posted profits of more than $1,000.
On the loss side, 793,000 wallets (approximately 25%) experienced losses between $1 and $500, 22,000 wallets (0.7%) experienced losses between $500 and $1,000, and 24,000 wallets (0.8%) experienced losses of $1,000 or more. The data shows that both profits and losses are concentrated in small amounts, which “reflects the small-scale, high-frequency nature of memecoin transactions in which participants typically commit small amounts of capital.”
The report also noted that the improved profitability may be related to the weeding out of weaker participants, as monthly active wallets declined from a peak of 5.2 million in May 2025 to 1.8 million in December 2025. A subsequent recovery in early 2026 signals a smaller but potentially more experienced trader base returning to the platform.
“This decline can be seen as a withdrawal of the broader retail population, and the subsequent recovery in the number of wallets from early 2026 onwards means the return of a more selective and experienced trader base, naturally shifting the distribution of profitability in their favor.”
Change token policy
Last week, Pump.fun announced that it has introduced a new buyback and burn program that will burn all previously bought back PUMP tokens and fund it with 50% of future net proceeds. The project says the burned tokens are worth about $370 million, or 36% of the circulating supply.
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He added that they face credibility issues such as the longevity of the business, the certainty of buybacks, and how the redeemed tokens will be used. Pump.fun said the move aims to address uncertainty through a community-first approach going forward.
