[Crypto News] Pump.fun's profit data revealed: What is the real situation?

Hello everyone! Today we are going to talk about the profit data of Pump.fun, a crypto trading platform that has recently caused heated discussions. According to BlockBeats, on August 19, Lookonchain monitoring found that "only 0.47% of pump.fun users made more than $10,000 in profit" is not entirely accurate. Let's take a look at the specific situation!

First of all, the data on the Dune-related rankings is indeed a bit exaggerated. The address ranked first only earned 4 SOL by trading a Meme coin called HP, and the $33 million profit shown on the rankings was seriously exaggerated. This forces us to re-examine the authenticity of these data.

According to the pump.fun platform trading data published by @arndxt_xo on social media, the actual situation is as follows:

- Only 70 traders (accounting for 0.0028%) made a profit of more than $1 million;

- Only 924 traders (accounting for 0.037%) made a profit of more than $100,000;

- 11,936 traders (accounting for 0.477%) made a profit of more than $10,000;

- 76,567 traders (accounting for 3.061%) made a profit of more than $1,000;

- Only 20% of traders made a profit, and the remaining 80% suffered losses.

These data tell us that although some traders did make a lot of money on Pump.fun, most people are still losing money. For those newcomers who are considering entering this market, this is undoubtedly a signal that needs to be treated with caution.

So, as cryptocurrency enthusiasts, how should we view this data? First of all, the volatility and risk of the market cannot be ignored. Although some people have made money through smart trading strategies and luck, most people may not be so lucky. Therefore, it is particularly important to invest rationally and make careful decisions.

In addition, we must also pay attention to the transparency and accuracy of the data. Ranking data like Dune may be exaggerated or misleading, so be sure to verify the information from multiple sources before making an investment decision.

Finally, everyone is welcome to share your views and experiences in the comment section! Have you ever traded on Pump.fun? What do you think of this data? Let's discuss and make progress together!😊

In short, the crypto market is full of opportunities, but it also comes with high risks. I hope everyone will stay rational and make wise decisions when investing. I look forward to seeing your wonderful sharing in the comment section!

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This news flash aims to provide a neutral perspective to help everyone better understand Pump.fun's profit data. If you have any questions or ideas, please leave a message in the comment section and let's discuss it together!