Just 25 wallets made more than $10,000 over a 90-day period tracked by the FOMO app dashboard, according to figures cited by the host of a new video on the return of meme coin trading. The claim cuts against the flood of social-media posts showing traders turning small Solana positions into six-figure gains.
Fire Hustle argues that some of the headline-making wins are verifiable because trades are recorded on public blockchains and wallet-leaderboard services can track realized profits.
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One trader, identified as “Kupzee,” reportedly earned more than $5 million over three months with an approximately 68% win rate, while another trader’s $300 position allegedly grew to $200,000.
A booming market with brutal odds
The YouTube episode’s central warning is that those results are exceptional. More than 300,000 traders were active on Solana during the cited 90-day window, but only about 19,000 — roughly 6% — finished profitable. The median trader lost $120, while nearly 90% of profitable accounts earned less than $100.
CoinGecko research cited in the video found that around 73% of Pump.fun traders were profitable in April. Yet roughly nine in 10 of those winning wallets made under $500, suggesting that positive trade counts have not necessarily translated into meaningful returns.
Fire Hustle also points to an ACM Web Conference paper describing how copy trading has shaped the market. Automated accounts may front-run visible wallets, fragment positions across multiple addresses and inflate social activity around tokens, making it harder for retail traders to identify genuine demand.
Sniper bots can buy within the first one to five blocks after a token is created, a speed advantage manual traders cannot match.
Graduation rates rebound as launchpad activity returns
After a weak June, Pump.fun activity appeared to recover in July. The video says the share of new Pump.fun tokens “graduating” from the launchpad to open trading reached 6.7% on July 24, about eight times June’s average of roughly 0.25%.
Pump.fun and PumpSwap each reportedly surpassed $1 billion in daily volume on July 4 for the first time since April 8. More than 300,000 tokens were created across Solana launchpads in one week, alongside more than $5 billion in weekly meme coin volume, according to the figures presented.
Fire Hustle’s approach favors tokens that have already migrated, followed by checks for copied contracts, artificial-looking charts and weak social narratives.
Even then, the episode stresses that most launches fail. Sure, the renewed activity may signal another speculative cycle on Solana, but the distribution of profits remains sharply concentrated among a small group of fast, well-equipped traders.
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