According to TechFlow, data analyst Lookonchain questioned the transaction data of the Pump.Fun platform released by X platform user arndxt, saying that the data that 0.477% of wallets received more than $10,000 through transactions was inaccurate.

According to Lookonchain analysis, the address ranked first only traded a Meme coin called $HP, and the actual profit was only 4 SOL. Lookonchain also emphasized that the $33 million profit data shown on the Pump.Fun ranking was seriously exaggerated.

Earlier news, X platform user arndxt said that 80% of traders on Pump.fun lost money, and only 3.061% made a profit of more than $1,000.