How Over 300K Users Got Ripped Off on Memecoins! You Won’t Believe This

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Ah, the wonders of modern finance! Enter Pumpfun, a so-called “platform” that started in January 2024 with all the flair of a circus act, allowing users to create and trade memecoins—because, who doesn’t love playing with fake money? On the surface, it’s all sunshine and lollipops, with the platform growing ever more popular. But wait—here’s the catch—many, many of its users have discovered the bitter taste of losses rather than riches. Shocking, right? 🎭

According to a highly reputable June 2025 report (thank you, Dune Analytics, for your impeccable timing), over 60% of Pumpfun’s users—yes, you heard it right, that’s about 2.4 million out of 4.257 million wallets—have managed to lose money in the past six months. And if you think that’s bad, get this: over half of them, about 166,590 wallets to be exact, lost more than $500. Only a lucky handful—just five wallets, mind you—actually managed to earn between $50,000 and $100,000. 🎰

But wait, there’s more! Fewer than 1 in 200 users managed to pocket over $10,000—such great odds, no? However, an impressive 11% did manage to scrape together more than $100. One might say, “Well, that’s a start!” But the reality is, trading on Pumpfun is about as secure as a tightrope walk during a hurricane. 🏚️

Now, here comes the real plot twist: tokens on this platform are supposed to reach a market cap of $69,000 before they “graduate” to platforms like Raydium. But alas, the dream of success started fading faster than a magician’s vanishing trick. In January 2025, the “Graduates” were numbered at a glorious 1,200 a day, only to plummet to a measly 200 in February. That’s an 80% decline, folks—something smells fishy! 🐟

And let’s not forget the delightful world of scams and exploits. Picture this: an employee of the platform used the good old trickery to swindle $1.9 million through a bonding curve system. How utterly charming! 🎩

So, while Pumpfun may be raking in the dough, its users are left holding empty wallets. The countless failures of tokens, plummeting graduations, and those pesky scams make it clear that trading memecoins here is a high-stakes game. Anyone who still wants to dive into this circus of risk should at least know the full dangers they’re signing up for. 💀

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2025-06-05 21:57