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Cryptocurrency: Solana Meme coin trap traps nearly 94% of traders

2026-08-21 00:43:39
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Only 6.25% of Solana memin traders achieved profits

Memin continues to attract traders on Solana, but few make profits. Of the 304,161 active wallets tracked in the past 90 days, only 19,003 showed positive returns, accounting for 6.25%. The median loss for memo traders was $120. Even in profitable accounts, high profits are extremely rare.

Summary Data

Only 6.25% of Solana memin traders achieved profits within 90 days. Traders 'median loss was $120. Among profitable accounts, 88% have gains of less than $100.

Winners in the Memo market are scarce

This data covers 304,161 active traders on the Solana decentralized exchange over the past three months. Recently, memein and Pump.fun platforms have driven a surge in online activity, but the actual results are not optimistic. Only 19,003 wallets achieved profits during this period, while the remaining 285,158 wallets were losing money-nearly 94% of traders lost money, with a median loss of US$120.

Further analysis of the profitable account data is even more severe: 88% of profitable wallets earn less than $100, and most only tens or hundreds of dollars. The windfall cases circulating on social platforms only represent a very small part of the market. On-chain data also showed that based on valuation calculations, the group's total loss reached US$1.26 billion. Profitability is calculated based on realized profits and losses, and some token liquidity may quickly dry up.

Only 25 wallets made more than US$10,000

Data from the FOMO app reveals another layer of distribution: Among tracked accounts, only 25 wallets made more than $10,000-not 25%, but 25 individual wallets. The FOMO platform allows novices to copy the trading operations of specific influencers, which attracts a large number of retail investors who lack knowledge of tokens, but the results clearly cannot guarantee profit.

Memin has experienced many troughs this year. In June, Dog Coin, Shiba Inu Coin and Pepe Coin accompanied the sector with a significant correction. On Solana, the market cycle is faster: new tokens emerge one after another, and many projects no longer attempt to build long-term communities, only survive for hours or days, attract traders and then disappear. The platform has significantly lowered the threshold for token issuance, making it possible to create and trade a token in minutes-but finding a higher-priced recipient is another matter.

Pump.fun earns millions of dollars a day

Traders 'losses have not killed the sector. Pump.fun remains one of the biggest beneficiaries of the Solana memin market. On August 19, the platform's daily fee income was approximately US$4.4 million, the highest level since January, ranking among the top three agreements in fee income. The platform's business model continues to work, but the records of traders are very different. Pump.fun has adjusted its reward mechanism many times, and in February revised its incentive plan to be more beneficial to memin traders.

New users continue to pour in. The Robinhood platform also benefited from the boom, with memin accounting for 51% of its new launch activity, but then the trend reversed and the prices of multiple tokens plummeted. The same script has been played out repeatedly on new platforms supported by Internet celebrities: tokens skyrocket in the short term, wallets make profits in the early stages, and subsequent followers try to chase the gains. In the past 90 days, only 6.25% of participants have managed to make a profit.

Disclaimer:

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