# Do most pump.fun traders lose money?

**Most active wallets do, and that's before fees.** Of the 244,739 wallets that closed 10 or more positions on pump.fun coins launched from 2026-10-01 to 2026-10-21,
71% ended down. About 5% made 10 SOL or more. Those numbers leave out fees and the bags wallets never sold.

Measured 2026-10-30 by Hidden Hand Research from the Solana chain, each coin followed through 2026-10-29.

## By wallet

| Closed positions | Wallets | Ended down | Made 1 SOL or more | Made 10 SOL or more | Made 100 SOL or more |
|---|---|---|---|---|---|
| 3 or more | 577,923 | 71% | 12% | 3% | 0.2% |
| 10 or more | 244,739 | 71% | 15% | 5% | 0.5% |
| 25 or more | 126,388 | 69% | 19% | 8% | 1.0% |

## By position

Of 26,892,971 closed positions in coins priced in SOL, 60% lost more than 1%, 7% ended within 1% of even and 33% made more than 1%.
22% lost more than half, and 2.7% doubled.

## How long positions last

| Closed within | Positions | Share |
|---|---|---|
| 1 minute | 11,853,934 | 38% |
| 5 minutes | 18,997,834 | 61% |
| 1 hour | 26,373,898 | 85% |

The median is 132 seconds, first buy to last sell, on 30,952,984 closed positions.

## How it was measured

A position is a wallet's holding of a coin, closed when the wallet sold back 99% to 101% of the tokens it bought. Profit and loss is SOL out less SOL in, at the amounts the
trades state, so fees aren't in it. Wallets aren't people. Without instant migrations, 68% of these wallets ended down.

## Data

- https://hiddenhand.trade/research/data/do-pump-fun-traders-lose-money.csv
- https://hiddenhand.trade/research/data/do-pump-fun-traders-lose-money.json
- License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/)

Cite: Hidden Hand Research. "Do most pump.fun traders lose money?" Measured 2026-10-30. https://hiddenhand.trade/research/do-pump-fun-traders-lose-money