Over 60% of Pump.fun wallets lost money: report

1,700 wallets lost more than $100,000; only 311 gained over $1 million. UK banned the site in 2024; a lawsuit was filed against it in January 2025. Pump. fun plans to raise $1 billion through the upcoming PUMP token launch source: https://coinjournal.net/news/over-60-of-pump-fun-wallets-lost-money-report/