According to data from Dune Analytics, more than 50% of traders on the meme coin trading platform Pump.fun incurred losses in the month, with only 4% of traders profiting over $500. Only two wallets have generated profits exceeding $1 million. The platform has collected over $500 million in fees since 2024. To address 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 program.

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