- Only 0.002% of the pump. Fun users earned more than $ 1 million – while more than 2.4 million portfolios lost at least $ 1,000.
- Despite shrinking income and legal heat, Pump.fun is said to be planning a $ 1B token sale.
- The platform has brought about a revolution in Meme Coin Creation – but critics say that the reckless trade is feeding.
Pump.Fun is in favor of Meme Coin Creation, driven on the explosive energy of Solana’s lightning -fast blockchain. In less than a year it has contributed to a happy few in millionaires – 516 portfolios to be precise, according to Dune Analytics.
The platform, with which everyone can launch a new token in seconds, has been a symbol of the explosive, chaotic energy on the Solana blockchain. However, a further consideration of the financial performance and the results for its users paint a picture of an ecosystem with a high bet that is now confronted with a potential day of settlement.
A casino where most players lose
The figures are grim. According to a dashboard on following dune analyzes that follow more than 4.2 million portfolios, only 28.3% have succeeded in achieving profit. And only a fraction of the total, only 7302 portfolios, have made a profit between $ 100k and $ 1 million.
In the meantime, more than 58% of the total wallet has lost more than $ 1,000, with 68 portfolios each lost more than $ 1 million. It is a classic Power-Law distribution, in which an extremely small percentage of traders earn massively, while the vast majority bleeds quietly.
Activity increases despite accusations
Nevertheless, interest in pump accelerates. Daily wallet Creation rose from 34,000 in January to nearly 150,000 early June. In total, Pump.fun has generated $ 679 million in income, with top memin coins such as $ pnut and $ codes and rising from darkness to temporary star row, before they often crash spectacularly.
But the party can slow down. According to Defillama, sales fell by 66% from January to May. The total meme coin market capitalization, once a stunning $ 137 billion, has now appeared to just $ 54 billion.
Related: Pump.Fun returns after the suspension – Can Solana Meme -Me -Munten regain?
Pump.fun reportedly did not stop planning a $ 1 billion token sale, with a rumors of $ 4 billion appreciation. A possible $ pumping smoking can come on the market soon, with suggestions of an airdrop of 10% for early users.
The lawsuit of Burwick Law
Pump.Fun is currently entangled in a lawsuit filed by Burwick Law, claiming that the platform acts as a “pump and dump” machine that makes non -registered securities trade and illegal financial flows possible.
Related: “Meme Coin Factory” Pomp.fun is banned from X
The parent company, Baton Corporation, has recorded a lawyers with legal heavyweights from Brown Rudnick Crypto, known for defending big names such as Shaquille O’Neal and Mark Cuban in earlier crypto contacts.
Critics such as Influencer Ash Crypto and CCO Hadley Stern from Marinade claim that Pump.fun not only enables creativity, it also encourages gambling and reckless speculation. Almost 99% of the tokens on the platform show characteristics of pump-and-dump schemes or carpet trekkings, according to Solidus Labs.
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