Reports indicate that over 300,000 Pump.Fun users have lost money trading memecoins. Notably, 60% of users, about 2.4 million, experienced losses in the past six months, with a significant percentage losing over 500 USD.
The trading platform is also facing declining trust, evident from a drop in daily token graduations from 1,200 to 200. Coupled with alleged scams, these factors suggest considerable financial risk for its users.
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