Pump.Fun Leads Solana Launchpads Amid $66M Loss in August

Popular memecoin launchpad ￰0￱ recorded strong growth in August, with more than 1.3 million active addresses and almost 600,000 new tokens ￰1￱ helped the platform secure the top position among Solana-based launchpads. However, most traders lost money, with research shared by Defioasis showing that total losses reached $66 million during the ￰2￱ Reclaims Top Spot in Solana Launchpad Market As shared in a recent X post , about 1.35 million addresses took part in trading on Pump. Fun, and 595,000 new tokens were launched on the ￰3￱ this level of activity, ￰4￱ overtook its rivals once ￰5￱ from Jupiter confirmed that PumpFun captured 46.6% of the Solana launchpad ￰6￱ comparison, its closest competitor which saw brief momentum, LetsBonk, managed under 9% of market share with $97.8 million in ￰7￱ from Dune also showed that PUMP tokens are now held by more than 71,000 ￰8￱ holders are playing an important role, with 46% of the tokens owned by wallets with fewer than 1,000 tokens.

Traders’ Losses on ￰9￱ Outnumber Profits Despite the busy trading activity, losses incurred on ￰10￱ were ￰11￱ 60% of all traders ended the month with losses, totally $66 million. Reportedly, no wallet earned more than $1 million in ￰12￱ biggest group of losing traders were smaller ￰13￱ 882,000 wallets, or 65.4% of all active addresses, recorded losses between $0 and $1,000. On the other hand, profits were ￰14￱ 416,000 wallets made small gains of under $1,000, with an average of just below $100. Around 18,000 wallets earned between $1,000 and $10,000.

Only 1,665 addresses achieved profits above $10,000. Buybacks and Revenue Growth Amid Rising Legal Pressure To support its token, ￰15￱ has been buying back ￰16￱ August, it spent $58.7 million, bringing total buybacks to $66.6 ￰17￱ far, over 17.5 billion tokens have been repurchased at an average price of $0.0038. PumpFun’s growth can also be seen in its ￰18￱ August 6, the platform has been making over $1 million in revenue every day, with trading volumes reaching as high as $210 million in a single ￰19￱ platform also charges a 1% fee on each token ￰20￱ has allowed it to collect more than $800 million in lifetime fees, making PumpFun one of the most profitable platforms in the Solana ecosystem.

However, despite this growth, ￰21￱ is still facing legal challenges. A class-action lawsuit filed earlier this year claimed that the ￰22￱ operates like an unlicensed ￰23￱ lawsuit also compared its token system to a rigged slot ￰24￱ the updated filing from July, plaintiffs said that total investor losses linked to the platform have already reached $5.5 billion.