Pump.fun: Transparency saves the crypto industry or just a disguised gambling trap?
Pump.fun is causing intense controversy due to its transparency, showing clearly that 46.98% of traders profit and 53.02% lose, similar to American roulette. I know gambling always exists, but the data is clear to wake up, don't dream unrealistically. But what is the reality?
The lightning-fast trading bot is exploiting retail players, with data distorted by those using multiple wallets, multi-wallet scams, how can there be fairness? Additionally, Pump.fun is said to only exploit users, making Solana memecoin more diluted, making it hard to push the coin higher.
🪫 This kind of transparency is just a facade, inside it is still a playground for the big players, small players easily face heavy losses.
Source: Tiza4ThePeople
