Markets· ★★· neutral· October 9, 09:01

Only 41% of memecoin wallets are in profit, but active traders captured 89% of realized gains

—Nine popular memecoins: 373,000 wallets and 540,000 positions, with only 41% in profit
—Positions with 11+ trades were 14% of the total but produced 89% of realized gains ($165M of $185M)
—The typical buyer of a popular memecoin is down 1.7%; a random Pons V1 token buyer is down 67%
—Of 355 random tokens with 10+ buyers, only 5 (1.4%) had a majority of buyers in profit

Why it matters: The data confirms that in memecoins a handful of active traders capture most gains while the majority of buyers stay underwater.