Since early 2024, Pump.fun has sold about $886 million worth of the fees paid by people rushing into memecoins.
The latest sale was just before dawn today. From 12:27 to 12:36 a.m., in less than ten minutes, its fee wallet sent about 129,800 SOL in nine transactions to a deposit address at an exchange—worth roughly $14 million at current prices. Looking back, around 11:50 p.m. on October 6, the same wallet sent about 102,500 SOL to the same deposit address in the same way, transaction by transaction.
According to on-chain tracking estimates, the wallet has sold about 5.55 million SOL in total over more than two years, at an average price close to $160. SOL is now around $107, so it sold at prices almost 50% higher than today’s. If it had held on to all those SOL until now, they’d be worth only about $600 million.
Now look at the other side. Someone analyzed 3,374 recently launched tokens, and only 34 managed to reach external trading pools through their own buying activity—just over 1%. For 68.7% of the tokens, developers started selling within five minutes of launch.
The platform’s take comes bit by bit from every buy and sell. The token you rush into might have no one trading it by the next day, but those fees have already been converted into SOL, lined up and headed for an exchange.
$PUMP is up about 7.9% over the past 24 hours, with around $208 million in Binance futures trading volume.
In the memecoin casino, the most reliable earners have always been the ones collecting fees. Have you ever added up how much you’ve paid in fees over the past two years?
The latest sale was just before dawn today. From 12:27 to 12:36 a.m., in less than ten minutes, its fee wallet sent about 129,800 SOL in nine transactions to a deposit address at an exchange—worth roughly $14 million at current prices. Looking back, around 11:50 p.m. on October 6, the same wallet sent about 102,500 SOL to the same deposit address in the same way, transaction by transaction.
According to on-chain tracking estimates, the wallet has sold about 5.55 million SOL in total over more than two years, at an average price close to $160. SOL is now around $107, so it sold at prices almost 50% higher than today’s. If it had held on to all those SOL until now, they’d be worth only about $600 million.
Now look at the other side. Someone analyzed 3,374 recently launched tokens, and only 34 managed to reach external trading pools through their own buying activity—just over 1%. For 68.7% of the tokens, developers started selling within five minutes of launch.
The platform’s take comes bit by bit from every buy and sell. The token you rush into might have no one trading it by the next day, but those fees have already been converted into SOL, lined up and headed for an exchange.
$PUMP is up about 7.9% over the past 24 hours, with around $208 million in Binance futures trading volume.
In the memecoin casino, the most reliable earners have always been the ones collecting fees. Have you ever added up how much you’ve paid in fees over the past two years?