Most memecoin degens appear unprofitable, with data from Dune Analytics showing that just 3% of traders have made $1,000, and only 0.8% are up more than $10,000.
Data from Dune Analytics indicates that only 3% of traders on Pump.fun have made more than $1,000 in profits, while more than 60% have lost money.
Meanwhile, DEXScreener, the preferred data platform among memecoin traders, is raking in more than $1 million in weekly fees.
The Tron ecosystem is also benefiting from memecoin mania, with TRX up 18% in the past week following the launch of the Sun Pump token launchpad.
Balaji Srinivasan, the famed cryptocurrency and Silicon Valley investor, is seeking to realize his vision for a ‘Network State’ through a 90-day pop-up city in Singapore.
Plus, digital assets continue to dip as stocks retrace, Runes dominates Bitcoin on-chain activity, Xai taps Gauntlet for governance and treasury management strategy, and Aethir powers smart TV gaming with DePIN infrastructure.
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