Pump.fun Faces Backlash Over $741M Fees and Scam Allegations

Pump. fun, a decentralized meme coin launchpad built on Solana, has drawn sharp criticism after generating $741 million in fees from the sale of over 4. 1 million SOL tokens. While the platform’s rapid growth has attracted headlines, its role in enabling a wave of high-risk speculative coins, some linked to disturbing content and live stream incidents, has prompted growing concern among critics and industry observers source: https://news.shib.io/2025/06/18/pump-fun-faces-backlash-over-741m-fees-and-scam-allegations/?utm_source=rss&utm_medium=rss&utm_campaign=pump-fun-faces-backlash-over-741m-fees-and-scam-allegations