{"id":32587,"date":"2025-06-19T04:01:32","date_gmt":"2025-06-19T04:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32587"},"modified":"2025-06-19T04:01:32","modified_gmt":"2025-06-19T04:01:32","slug":"crypto-platform-pump-fun-slammed-as-disease-critics-say-it-stole-741-million","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32587","title":{"rendered":"Crypto Platform Pump.fun Slammed As \u2018Disease\u2019\u2014Critics Say It \u2018Stole\u2019 $741 Million"},"content":{"rendered":"
\n

A growing wave of criticism is sweeping over Pump.fun, the Solana-based memecoin launchpad that\u2019s pulled in about $741\u202fmillion from users\u2019 trades.<\/p>\n

According to blockchain data, the platform has been selling off its fee earnings in huge chunks since May\u202f2024. Traders now wonder whether the site is built to serve them or simply to line its own pockets.<\/p>\n

Fee Extraction Scale<\/strong><\/h2>\n

According to analytics<\/a> from LookOnChain, Pump.fun has sold around 4.1\u202fmillion SOL<\/a> tokens, raking in roughly $741\u202fmillion at an average price of $180 each. It sent about 3.84\u202fmillion SOL\u2014worth nearly $699\u202fmillion\u2014to Kraken exchange.<\/p>\n

Another 264,373 SOL went for $41.64\u202fmillion USDC. Those moves show just how much value the platform can pull out of its user base in a matter of months.<\/p>\n

User Losses Vs Platform Gains<\/strong><\/h2>\n

Based on reports, 13.55 million wallets have ever traded on Pump.fun.<\/a> Yet only 293 of those have made over $1\u202f million. At the other end, almost 100% of traders never see profits above $10,000.<\/p>\n

\n

Pump Fun stole $741M in fees from crypto users \"\ud83d\udea8\"<\/p>\n

We estimate over $20B has been extracted by scams alone<\/p>\n

The application is a disease responsible for mass killings and suicides on livestream<\/p>\n

-Deleting pump fun from the internet will be a net positive for the entire ecosystem https:\/\/t.co\/e3YjuNoKcj<\/a><\/p>\n

\u2014 Crypto Bitlord (@crypto_bitlord7) June 17, 2025<\/a><\/p>\n<\/blockquote>\n

Meanwhile, Pump.fun has handled more than $66 billion in trading volume since its January\u202f2024 launch and is cranking out about 27,305 new tokens every single day.<\/p>\n

It charges a 0.25% fee on every trade and recently added a 0.05% revenue share for token creators. That tweak effectively rewards developers who dump tokens fast and vanish once they\u2019ve banked their cut.<\/p>\n

\"\"<\/p>\n

Livestream Worries<\/strong><\/p>\n

The platform\u2019s live\u2011streaming feature has sparked the worst kind of headlines. Pump.fun paused livestreams in November\u202f2024 after users aired extreme content meant to hype token prices.<\/p>\n

But in April\u202f2025 it quietly turned streaming back on for 5% of its users, promising better moderation that hasn\u2019t shown up yet.<\/p>\n

\n

Hey @pumpdotfun<\/a> there is currently someone using your livestreams to threaten to hang themselves if the coin does not reach a set marketcap.<\/p>\n

Absolutely heinous and It needs to come down + see if you can get them help.<\/p>\n

Shut down the livestream feature. This is out of control.<\/p>\n

\u2014 Beau (@beausecurity) November 25, 2024<\/a><\/p>\n<\/blockquote>\n

Crypto influencer Crypto Bitlord has called Pump.fun a \u201cdisease<\/a> responsible for mass killings and suicides on livestream,\u201d and he claims more than $20\u202f billion has been lost to scams on the site.<\/p>\n

He\u2019s even urged that Pump.fun be wiped off the internet for the good of the crypto community.<\/p>\n

<\/p>\n

Regulatory Roadblocks<\/strong><\/p>\n

Pressure is building from all sides. X suspended Pump.fun\u2019s official account and co\u2011founder Alon Cohen\u2019s profile without spelling out why.<\/p>\n

Some say it\u2019s due to API misuse or potential securities law breaches. A lawsuit already accuses the platform of selling unregistered securities in the guise of meme tokens.<\/p>\n

Plans for a $1 billion token sale at a $4 \u202fbillion valuation now hang in the balance. With regulators circling and social media visibility gone, Pump.fun\u2019s next moves will be critical\u2014for both the business and the traders who\u2019ve staked their funds on its promises.<\/p>\n

Featured image from CSIRO, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A growing wave of criticism is sweeping over Pump.fun, the Solana-based memecoin launchpad that\u2019s pulled in about $741\u202fmillion from users\u2019 trades. According to blockchain data, the platform has been selling off its fee earnings in huge chunks since May\u202f2024. Traders now wonder whether the site is built to serve them or simply to line its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32587","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32587"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32587\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}