Key Notes
60% of Pump.fun wallets are at a loss, with 1,700+ wallets losing over $100K.
Trading bots are inflating Pump.fun volume, raising manipulation concerns.
The PUMP token launch aims to raise $1B through a community-driven model.
As the Solana SOL $150.9 24h volatility: 4.2% Market cap: $79.06 B Vol. 24h: $3.65 B token launchpad Pump.fun gears up for the upcoming PUMP token launch, on-chain data shows that around 60% of wallet addresses on the platform are currently operating at a loss, with over 1,700 wallets each down more than $100,000.
Data from DuneAnalytics shows that out of 4.257 million addresses that traded over 10 Pump.fun tokens in the past six months, approximately 2.4 million (56.6%) recorded cumulative losses ranging from $0 to $1,000