Inside Pump.fun’s High-Stakes World of Winners and Losers
The post Inside Pump.fun’s High-Stakes World of Winners and Losers appeared on BitcoinEthereumNews.com. Only 0.002% of Pump.fun users made over $1 million—while over 2.4 million wallets lost at least $1,000. Despite shrinking revenues and legal heat, Pump.fun is reportedly planning a $1B token sale. The platform has revolutionized meme coin creation—but critics say it’s fueling reckless trading. Pump.fun has championed meme coin creation, riding the explosive energy of Solana’s lightning-fast blockchain. In less than a year, it has helped turn a lucky few into millionaires–516 wallets, to be exact, according to Dune Analytics. The platform, which allows anyone to launch a new token in seconds, has been a symbol of the explosive, chaotic energy on the Solana blockchain. However, a closer look at its financial performance and the outcomes for its users paints a picture of a high-stakes ecosystem now facing a potential day of reckoning. A Casino Where Most Players Lose The numbers are stark. According to a dashboard on Dune Analytics tracking over 4.2 million wallets, only 28.3% have managed to realize any profit at all. And just a fraction of the total, a mere 7302 wallets, have realized profits between $100K and $1 million. Meanwhile, more than 58% of the total wallets have lost over $1,000, with 68 wallets losing over $1 million each. It’s a classic power-law distribution, where an extremely small percentage of traders earn massively while the vast majority bleed quietly. Activity Soars Despite Allegations Despite this, interest in Pump.fun is only accelerating. Daily wallet creation soared from 34,000 in January to nearly 150,000 by early June. In total, Pump.fun has generated $679 million in revenue, with top meme coins like $PNUT and $MOODENG rising from obscurity to temporary stardom, before often crashing spectacularly. But the party might be slowing down. Revenue plummeted by 66% from January to May, according to DeFiLlama. The total meme coin market…
The post Inside Pump.fun’s High-Stakes World of Winners and Losers appeared on BitcoinEthereumNews.com.
Only 0.002% of Pump.fun users made over $1 million—while over 2.4 million wallets lost at least $1,000. Despite shrinking revenues and legal heat, Pump.fun is reportedly planning a $1B token sale. The platform has revolutionized meme coin creation—but critics say it’s fueling reckless trading. Pump.fun has championed meme coin creation, riding the explosive energy of Solana’s lightning-fast blockchain. In less than a year, it has helped turn a lucky few into millionaires–516 wallets, to be exact, according to Dune Analytics. The platform, which allows anyone to launch a new token in seconds, has been a symbol of the explosive, chaotic energy on the Solana blockchain. However, a closer look at its financial performance and the outcomes for its users paints a picture of a high-stakes ecosystem now facing a potential day of reckoning. A Casino Where Most Players Lose The numbers are stark. According to a dashboard on Dune Analytics tracking over 4.2 million wallets, only 28.3% have managed to realize any profit at all. And just a fraction of the total, a mere 7302 wallets, have realized profits between $100K and $1 million. Meanwhile, more than 58% of the total wallets have lost over $1,000, with 68 wallets losing over $1 million each. It’s a classic power-law distribution, where an extremely small percentage of traders earn massively while the vast majority bleed quietly. Activity Soars Despite Allegations Despite this, interest in Pump.fun is only accelerating. Daily wallet creation soared from 34,000 in January to nearly 150,000 by early June. In total, Pump.fun has generated $679 million in revenue, with top meme coins like $PNUT and $MOODENG rising from obscurity to temporary stardom, before often crashing spectacularly. But the party might be slowing down. Revenue plummeted by 66% from January to May, according to DeFiLlama. The total meme coin market…
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