Pumpfun hits 1.3m traders in august but retail users rack up $66m in losses

PumpFun had 1.3 million monthly active traders in August, yet they saw millions in ￰0￱ Solana-based launchpad continued to be one of the most active in the crypto space, drawing thousands of new users every day and launching 595,000 new tokens over the ￰1￱ the surge, most traders ended the month in the red , transforming the enthusiasm for trading new tokens into a costly ￰2￱ Oasis claimed that PumpFun has returned as the number one Solana launchpad, though most users haven’t made any ￰3￱ 60% of all traders finished the month with losses. Notably, no trader made more than one million dollars in profits, underscoring the rare substantial ￰4￱ of the losses were borne by smaller ￰5￱ 882,000 wallets reported losses ranging from zero to $1,000 each, with an average loss of about $73 per ￰6￱ these individual amounts may seem modest, they collectively added up to over $64 million, highlighting how widespread, even if relatively shallow, the financial impact was across PumpFun’s massive user base.