Pump.fun’s Wild Ride: Over 60% of Traders Lost Money, Ethereum Foundation Takes Action

The crypto landscape is known for its volatility, and the decentralized token launchpad Pump.fun exemplifies this. While it offers a low-cost way to create and trade meme coins, over 60% of active users have experienced losses in recent months. This has led to financial repercussions and sparked discussions about risk management within the platform. Meanwhile, the Ethereum Foundation (EF) announced a fiscal policy focused on sustainability and ecosystem growth, allocating 15% of its treasury for various projects. Gate, another exchange, delisted LAUSDT perpetual contracts due to price fluctuations, covering all associated losses for users.