In June 2025, the meme token launch platform PumpFun has resulted in substantial financial losses for the majority of its users. Data indicates that nearly 200,000 people lost money, with over 300,000 wallets experiencing losses within the first five days of the month. Only five individuals earned more than $50,000, and just 1.76% of wallets made profits exceeding $1,000. One user reportedly lost over $1 million. The average trader lost approximately $500 on PumpFun tokens during this period. These losses occur amid a broader context of cybersecurity threats in the cryptocurrency sector, where over $2.1 billion has been stolen so far in 2025. Notably, wallet compromises and phishing attacks have overtaken smart contract bugs as the leading causes of crypto theft. The increasing prevalence of machine IDs, which outnumber humans 45 to 1 and are 7.5 times more dangerous, further exacerbates the risk landscape for crypto users.