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BTCC / BTCC Square / Global Cryptocurrency /
Only 0.04% of Crypto Traders on Pump.fun Make $10,000 or More

Only 0.04% of Crypto Traders on Pump.fun Make $10,000 or More

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-01-11 09:29:22
0
Recent data from Pump.fun, a meme token launchpad, reveals that only 0.04% of crypto traders are making profits of $10,000 or more. Out of over 13.4 million wallets, only 54,724 have achieved this level of profit, with a mere 294 wallets reaching the status of 'crypto millionaires' by accumulating gains of over $1 million. This highlights a significant gap between the perceived success of crypto traders and the reality, as most traders experience losses. The data, analyzed by Dune data analyst Adam Tehc, underscores the challenges and risks associated with crypto trading.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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