TechFlow reports that data analyst Lookonchain has questioned the Pump.Fun trading data shared by X platform user arndxt, stating that the claim — that 0.477% of wallets on Pump.Fun earned over $10,000 through trading — is inaccurate.
According to Lookonchain's analysis, the top-ranked address only traded a single meme coin called $HP, with actual profits amounting to just 4 SOL. Lookonchain also emphasized that the $33 million profit figure displayed on Pump.Fun's leaderboard is severely exaggerated.
Previous report, X platform user arndxt claimed that 80% of traders on Pump.fun incurred losses, with only 3.061% earning over $1,000.
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