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CoinGecko research shows that among Pump fun traders who have exited their positions, approximately 73.3% of wallets recorded realized profits in April, higher than 56.8% in February and 70.0% in March; out of about 3.14M wallets in April, approximately 2.3M wallets were profitable. CoinGecko states that among the profitable wallets in April, about 2.05M wallets had profits between $1 and $500, accounting for 65.1% of all wallets; another approximately 169k wallets had profits exceeding $1,000, accounting for 5.4%. CoinGecko believes this may be related to previously losing traders exiting the market and more experienced traders returning. It should be noted that this study only counts realized PnL and does not filter out bots and wash trading.