Crypto Platform Pump.fun Slammed As ‘Disease’—Critics Say It ‘Stole’ $741 Million
BitcoinistThursday, June 19, 2025 at 4:00:16 AM
Pump.fun, a popular Solana-based platform for launching memecoins, is facing heavy backlash after blockchain data revealed it’s been cashing out massive amounts of user fees—totaling around $741 million—since May 2024. Critics are calling it a "disease" and accusing the platform of prioritizing profits over its users, leaving traders questioning whether Pump.fun was ever designed to benefit them or just to enrich itself.
Editor’s Note: This isn’t just another crypto drama—it’s a red flag for anyone involved in decentralized finance. If platforms like Pump.fun can quietly extract millions while users assume they’re playing fair, it undermines trust in the entire ecosystem. For meme traders and DeFi enthusiasts, it’s a wake-up call to scrutinize where fees really go.
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