The post PumpFun Hits 1.3M Active Addresses in August, Suffers $66M Losses appeared on BitcoinEthereumNews.com. PumpFun had over 1.3 million active addresses during August. However, users on the platform lost a total of $66 million, despite the high trading volume. PumpFun Traders Record $66M Loss Despite Increased Activity In a recent X post, Crypto researcher Defioasis highlighted that PumpFun created 595,000 new tokens in August. This helped the platform reclaim the top position among Solana launchpads.  Profitability remained elusive despite the fact that almost 1.35 million addresses were actively trading these tokens. More than 60% of traders ended the month in the red, and not a single trader made more than a million dollars. Source: X; Pump Token Trading Profit & Loss Breakdown Approximately 65.4% of addresses, or roughly 882,000 wallets, experienced a loss between $0 and $1,000, averaging a $73.41 loss per wallet. While seemingly minor at the individual level, this group alone accounted for over $64 million in total losses.  Approximately 882,000 wallets, or 65.4% of addresses, experienced losses ranging from $0 to $1,000, with an average loss of $73.41 per wallet.  Although they may not seem significant on an individual basis, this group alone was responsible for over $64 million in losses. According to Defioasis, profits were not absent but were outweighed by losses. Around 416,000 addresses earned modest gains of up to $1,000, averaging just under $100 each. 18,000 wallets also made between $1,000 and $10,000. Only 1,665 addresses experienced increases of more than $10,000. In aggregate, traders ended the month with net losses of $66 million. This comes after PumpFun repurchased $58.7 million worth of PUMP tokens to boost the token price. The platform has now bought back over $66.6 million in total tokens. In an effort to lessen selling pressure, this strategy absorbed more than 17.5 billion tokens at an average price of $0.003765. Source: Dune Analytics; PumpFun Buybacks… The post PumpFun Hits 1.3M Active Addresses in August, Suffers $66M Losses appeared on BitcoinEthereumNews.com. PumpFun had over 1.3 million active addresses during August. However, users on the platform lost a total of $66 million, despite the high trading volume. PumpFun Traders Record $66M Loss Despite Increased Activity In a recent X post, Crypto researcher Defioasis highlighted that PumpFun created 595,000 new tokens in August. This helped the platform reclaim the top position among Solana launchpads.  Profitability remained elusive despite the fact that almost 1.35 million addresses were actively trading these tokens. More than 60% of traders ended the month in the red, and not a single trader made more than a million dollars. Source: X; Pump Token Trading Profit & Loss Breakdown Approximately 65.4% of addresses, or roughly 882,000 wallets, experienced a loss between $0 and $1,000, averaging a $73.41 loss per wallet. While seemingly minor at the individual level, this group alone accounted for over $64 million in total losses.  Approximately 882,000 wallets, or 65.4% of addresses, experienced losses ranging from $0 to $1,000, with an average loss of $73.41 per wallet.  Although they may not seem significant on an individual basis, this group alone was responsible for over $64 million in losses. According to Defioasis, profits were not absent but were outweighed by losses. Around 416,000 addresses earned modest gains of up to $1,000, averaging just under $100 each. 18,000 wallets also made between $1,000 and $10,000. Only 1,665 addresses experienced increases of more than $10,000. In aggregate, traders ended the month with net losses of $66 million. This comes after PumpFun repurchased $58.7 million worth of PUMP tokens to boost the token price. The platform has now bought back over $66.6 million in total tokens. In an effort to lessen selling pressure, this strategy absorbed more than 17.5 billion tokens at an average price of $0.003765. Source: Dune Analytics; PumpFun Buybacks…