Why can #PumpFun raise $4 billion FDV? The data tells you the answer

Pump Fun achieved a $4B FDV not by storytelling, but by genuinely creating nearly $4 billion in realized profits, making it one of the few on-chain products that 'actually makes users money.' Let's look at the data👇

📊 Since the launch of @pumpdotfun:

A total of 5,593,244 addresses participated in transactions

(Filtered out <10 transactions, addresses that only buy or only sell, and bot addresses)

🔹 Wealth Machine:

Created 620 millionaire addresses, approximately 0.01%

These 'on-chain winners' are the best promotional materials, stimulating long-tail users to join

🔹 Profit Distribution:

29.4% of addresses made a profit, of which

21.9% (1,222,192 addresses) of the profits are concentrated in the $0-$1,000 range

➡️ Small-scale token earners are the main beneficiaries of this system

🔻 Loss Structure:

70% of addresses incurred losses, but

63.2% (3,534,851 addresses) of the losses are also within the $0-$1,000 range

➡️ Although losses are widespread, the 'pain level' is low, which is key to the addictive mechanism

💥 Extreme Cases:

148 addresses lost over $1,000,000

4,568 addresses lost $100,000-$1,000,000

They may be bots, large retail investors, or latecomers driven by FOMO, but they also provided significant liquidity to the system

📌 Conclusion:

$Pump is not simply a meme token factory; it is a profitable system that has successfully implemented a complete closed loop of 'traffic—minting—gaming—withdrawal.'

The logic behind it is: a very small number win big money, the vast majority lose small amounts, but everyone has hope; this mechanism is the underlying logic that makes it worth $4 billion FDV.

#MemeFi #Solana #Crypto #DataAnalysis #DeFi #CryptoTrading

@solana @pumpdotfun @pantera_cap @paradigm @a16zcrypto