Solana memecoin launchpad Pump.Fun makes millions while users lose

Pump.Fun has generated nearly $100 million in revenue. However, over two-thirds of its users experience losses. Despite creating 1.8 million tokens, only 32 have achieved valuations over $1 million. The platform earns from a 1% fee on trades and charges the coin creation fee. This ensures profitability for PumpFun, regardless of actual outcomes.

Only about 1% of tokens reach a $69,000 market cap, the threshold for listing on Raydium, indicating that most tokens fail to accrue significant value.

https://www.coinfeeds.io/daily/pump-fun-profits-while-users-face-major-losses