Pump Fun achieved a net profit of 3.80 billion USD for users, potentially serving as a key support point for a 4 billion USD valuation.

Wu Shuo has learned that, according to data analysis by @defioasis, Pump Fun has generated a total net profit of approximately 3.81 billion USD for traders trading tokens issued by Pump Fun. This may be the core factor supporting Pump Fun's fundraising at a valuation of 4 billion USD. After filtering out dust addresses and one-sided trading addresses, a total of 5.59 million traders participated in trading tokens issued by Pump Fun. Among them, 620 addresses profited over 1 million USD, about one in ten thousand; 29.4% of the total user addresses realized profits, with the 0-1,000 USD profit range accounting for 21.9%. Meanwhile, the 0-1,000 USD range is also the most extensive loss range, with 3,534,851 addresses accounting for 63.2%; 148 addresses suffered losses exceeding 1 million USD. Through median value estimation across various ranges, it was found that Pump Fun has brought realized profits of 3.81 billion USD to traders through new token issuance.