Pump.fun, a Solana-based memecoin launchpad, reported that 73.28% of its wallets were profitable in April 2026, marking the highest profitability rate in nearly two years. This surge in profitable wallets coincided with a broader recovery in the crypto market, as major memecoins rallied alongside Bitcoin's rise past $80,000. Despite the increase in profitable wallets, most traders on Pump.fun recorded modest gains, with 65.1% of profitable addresses earning between $1 and $500. The platform's profitability has been on an upward trend since June 2025, when only 30.1% of wallets were profitable. However, trading activity remains subdued compared to previous peaks, with daily trading volumes averaging $50 million, significantly lower than the $200 million peak. CoinGecko data indicates that while memecoins like DOGE, PEPE, and PENGU saw significant gains, others like SHIB and TRUMP underperformed, highlighting uneven participation in the market recovery.