Over 60% of wallets that interacted with Pump.fun over the past six months suffered losses, with 1,700 wallets losing more than $100,000.Pump.fun plans to raise $1 billion through the upcoming PUMP token launch amid growing anticipation and selling pressure on Solana.UK banned Pump.fun in 2024, and a lawsuit filed against it in January 2025 raises questions about its fairness and transparency.Data reveals that most wallets on Pump.fun experienced losses, with only a small fraction reporting profits, leading to concerns about scams and risk.