According to data from Dune Analytics, over 50% of traders on the meme coin trading platform Pump.fun experienced losses in the month, with only 4% of traders profiting more than $500. Only two wallets had profits exceeding $1 million. The platform has collected over $500 million in fees since 2024. In response to this extremely imbalanced situation, the platform has expanded its trading scope beyond meme coins to assets such as WBTC and USDC, and has launched a trader cashback model.

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