In August, PumpFun, the Solana-based launchpad, saw record activity with over 1.3 million active addresses and nearly 595,000 new tokens created. Despite the buzz and heavy trading, traders as a group ended the month with losses totaling $66 million. According to data shared by researcher Defioasis on X, users together lost about $66 million during the month.
The numbers show how widespread the losses were. Over 65% of addresses ended up in the red, with around 882,000 wallets losing between $0 and $1,000, with an average loss of $73 each. While small on an individual level, this group alone accounted for more than $64 million in losses.
Another 28,636 wallets lost between $1,000 and $10,000, and 2,578 wallets lost more than $10,000. The single largest loss reached $1.32 million, making that address the only one to drop more than seven figures in August.
Meanwhile, Profits were smaller and spread out. Roughly 416,000 wallets earned up to $1,000, averaging just under $100 each, for a total of $41 million. About 18,000 wallets made between $1,000 and $10,000, while 1,665 wallets cleared more than $10,000. No wallet crossed the million-dollar mark, meaning the month produced no new big winners.
Notably, PumpFun has been active on the buyback front. Dune Analytics shows PumpFun bought back $58.7 million worth of PUMP tokens in August, pushing total buybacks past $66 million. The platform absorbed over 17.5 billion tokens at an average of $0.003765 each.
At the same time, PumpFun’s fee income has kept climbing, having earned more than $800 million in lifetime fees, mostly from its 1% swap charge on token trades.
Dune data further shows there are now over 71,000 PUMP holders, with nearly half of the supply in the hands of small wallets holding fewer than 1,000 tokens.. The platform’s growth shows no signs of slowing, even as traders absorb heavy losses.
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