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Over 50% of Pump Fun token traders lost money this month, report

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Over 50% of Pump Fun token traders lost money this month, report

Around 96% of crypto wallets trading Pump Fun-launched tokens have made less than $500 in the past month, with over 50% posting a loss.

That’s according to Dune analytics compiled by analyst @oladee.

Oladee’s data shows that 45.6% of traders made profits up to $500, while 50.6% suffered losses. 

The figures were apparently misreported by market analyst Ted Pillows who claimed that they showed 96% of Pump Fun token traders on decentralised exchanges had suffered PnL losses this month. 

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On the contrary, two wallets made over $1 million trading Pump Fun tokens this past month. On the other end of the scale, two lost anywhere between $500,000 and $1 million

A screenshot from @oladee’s Dune dashboard, which tracks Pump Fun statistics.

Read more: X Creators $1M prize winner exposed as memecoin pump-and-dumper

It’s worth noting that the data just shows the number of wallets, and that individual traders can create multiple wallets if they want to. 

Pump Fun token launchers are making bank

While the majority of individuals trading these tokens aren’t making bank, the ones deploying them certainly are. 

According to crypto analyst Dethective, the top 250 deployers of Pump Fun tokens have extracted $79 million from traders.  

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Dethective added that these 250 wallets only deployed around 10 tokens that managed to exceed a market cap of $5 million. The wallets also launched 194,000 tokens over the past six months.

Dethective shared the full list of addresses on his Telegram account.

Read more: Binance token listing no longer a ‘bullish’ event, research

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Dethective notes that his findings don’t necessarily represent 250 different people, but are specifically 250 crypto wallets. 

Pump Fun token down 80%, and there’s still no airdrop

Pump Fun has recently pivoted towards AI and the emerging sector of agentic trading that involves AI software trading on your behalf.

In this spirit, the memecoin platform announced a system of automated buyback options for third-party AI agents. 

This feature wasn’t well received by Pump Fun traders on X who are still restless over the platform’s reluctance to roll out an airdrop that it said, 258 days ago, would be coming “soon.”

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Read more: Crypto firms cut jobs as bear market and AI shift bite

Pump Fun hasn’t addressed its airdrop on X since then, and it’s unclear what its current status is.  The price of its $PUMP token is down 80% from it’s all-time-high of $0.008819 in September last year.

One factor that might be delaying things is the ongoing crypto bear market and the wider economic fallout from the US-Israel war against Iran.

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Indeed, last week, crypto exchange Kraken announced that it was delaying the launch of its initial public offering until “market conditions improve.”

NFT platform OpenSea also announced that it would delay launching its $SEA token due to the “challenging” market conditions across crypto. 

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Crypto World

Ethereum Forms Post-Quantum Security Team to Harden Cryptography

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Crypto Breaking News

A coalition of Ethereum developers has unveiled a dedicated resource hub focused on shield­ing the blockchain from quantum computing threats and the vast value the network secures. The Post-Quantum Ethereum project, hosted at pq.ethereum.org and launched this week by members of the Ethereum Foundation, signals a concerted effort to introduce quantum‑resistant measures at the protocol level within the next decade, followed by execution-layer updates.

Despite a lack of an immediate quantum danger to cryptography-secured blockchains, the team argues that action must begin early. Migrating a decentralized, global protocol requires years of coordination, engineering, and formal verification, and the work should start long before any threat materializes.

Key takeaways

  • Ethereum aims to implement post-quantum solutions at the protocol layer by 2029, with execution-layer changes to come afterward.
  • The initiative prioritizes protecting standard wallets first, then high-value operational wallets tied to exchanges, bridges, and custody providers.
  • SNARK-based (zero-knowledge) signatures are central to the plan, aiming to bolster security without breaking the network’s verification properties.
  • Deploying post-quantum upgrades will require careful orchestration to avoid new bugs, attack surfaces, and performance regressions while upgrading hundreds of millions of accounts.
  • Industry voices highlight a spectrum of views on quantum risk—ranging from vulnerability limited to exposed public keys to claims that all coins could be at risk.

Post-Quantum Ethereum: a roadmap for resilience

The Post-Quantum Ethereum initiative frames its mission around building a defense-in-depth against quantum threats. The team outlines a multi-layer strategy that spans the network’s consensus, execution, and data layers, with the explicit aim of protecting the largest pools of value in the ecosystem—primarily standard wallets and the custodial and exchange infrastructure that interacts with them.

A core element of the plan is the integration of post-quantum cryptographic techniques into Ethereum’s signature schemes. While several approaches exist, the team underscored that a complete transition is not simply a matter of selecting a quantum-resistant algorithm. The harder challenge lies in safely upgrading hundreds of millions of accounts, preventing migration-induced bugs, avoiding the introduction of new attack vectors, maintaining performance, and coordinating ecosystem-wide adoption.

To this end, the project emphasizes the potential role of SNARKs—zero-knowledge proofs that enable compact verification of complex statements without revealing underlying data. By embedding SNARK-based signatures into the security stack, the team hopes to mitigate risks associated with quantum-era cryptography while managing the computational overhead that such proofs can impose. The overarching goal is to preserve user experience and throughput as the protocol evolves.

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Early work will concentrate on wallet security, given the concentration of value in everyday user funds. Beyond individual wallets, the plan also targets high-value operational wallets associated with exchanges, cross-chain bridges, and custody solutions—areas deemed critical to ecosystem continuity during a transition period.

As with any fundamental upgrade of a global blockchain, the Post-Quantum team acknowledges that the main hurdle is deployment. The team’s rhetoric centers on a cautious but deliberate approach: choosing a robust post-quantum algorithm is only part of the equation. Safely upgrading hundreds of millions of accounts, moving through formal verification, and ensuring seamless interoperability across diverse client implementations will require extensive coordination and testing.

Choosing a post-quantum algorithm is only part of the challenge. The harder parts include safely upgrading hundreds of millions of accounts, preventing the migration from introducing new bugs, avoiding new attack surfaces, maintaining performance, and coordinating ecosystem-wide adoption.

The effort sits within a broader conversation about how the crypto space should prepare as quantum capabilities advance. Industry observers have debated whether the risk is narrowly scoped to wallets with exposed public keys or whether a full-system risk exists across all digital assets. Some analysts argue that only a subset of wallets may be immediately vulnerable, while others warn that every asset could face exposure if standard cryptographic assumptions are invalidated by quantum breakthroughs.

Context: where quantum concerns stand today

Quantum risk has long been a topic of discussion as researchers explore practical quantum computers. In the crypto space, the debate often centers on wallet security and the longevity of cryptographic keys. Analysts have stressed that the moment quantum capabilities threaten the generalized security of digital signatures will depend on breakthroughs in hardware, algorithms, and the ability to coordinate network-wide upgrades without service interruption.

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Within Ethereum’s ecosystem, the stakes are especially high because the network’s value is secured by a vast and active user base, a broad set of decentralized applications, and a sprawling array of custodial services. The Post-Quantum Ethereum project is positioned as a proactive blueprint to navigate the trade-offs between security and performance while preserving a seamless user experience during a transition.

What to watch next

As 2029 approaches, observers will be looking for concrete milestones on the Post-Quantum Ethereum path: concrete algorithm candidates, testnet experiments for post-quantum signatures, performance benchmarks, and progress on the governance and tooling needed to coordinate the upgrade across clients and ecosystems. The balance between robust security and network efficiency will likely shape how quickly and widely post-quantum solutions gain traction.

In the near term, the focus remains on building resilient foundations—community consensus, rigorous verification, and a staged rollout plan that minimizes disruption to users while laying the groundwork for a quantum-resistant Ethereum.

Readers should keep an eye on updates from the Ethereum Foundation and the Post-Quantum Ethereum team, including any published milestones, proposed standards, and testnet exercises that will illustrate how the network adapts to a potentially quantum-powered future.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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OpenAI to Shut Down Sora After Just Six Months

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OpenAI to Shut Down Sora After Just Six Months

OpenAI has announced it is shutting down its video generation platform Sora after just six months, with CEO Sam Altman reportedly telling staff the company is winding down all of its video products.

“We’re saying goodbye to the Sora app,” Sora posted to X on Tuesday. “We know this news is disappointing. We’ll share more soon, including timelines for the app and API and details on preserving your work.”

Sora was released in September to a buzzy reception as the ChatGPT maker sought to make inroads on short-form video content popular across TikTok and Meta’s Instagram.

However, the app also faced backlash over concerns that it would further the proliferation of realistic deepfakes. OpenAI cracked down on some deepfakes generated by its platform after pressure from celebrities.

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Source: Sora 

Products using video models on the chopping block

Altman told staff the company was winding down products that used video models, including the developer version of Sora and the app’s video functionality in its generative AI chatbot ChatGPT, The Wall Street Journal reported on Tuesday.

Altman also said the Sora team will shift its focus to longer-term bets such as robotics, amid a company-wide redirect to concentrate on productivity tools for enterprises and individual users.

Related: OpenAI wins defense contract hours after government ditches Anthropic

OpenAI launched Sora last year as a text-to-video generator, and it racked up 1 million downloads in just five days. Data analytics firm Sensor Tower estimates that last month, Sora was downloaded around 600,000 times.

Disney deal not moving forward

In December, the Walt Disney Co. signed a three-year licensing agreement to become Sora’s first major content partner, giving users access to more than 200 characters from franchises including Marvel, Pixar and Star Wars.

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A Disney spokeswoman told The Wall Street Journal that the deal, which included a $1 billion equity investment in OpenAI, will not move forward.

Cointelegraph contacted OpenAI and Disney for comment.

The AI market has been the subject of significant hype. It’s projected to be worth more than $4.8 trillion by 2033, affect 40% of jobs and emerge as a dominant frontier technology.

Magazine: Google flags crypto malware, retiree loses $840K in ‘expert’ scam: Hodler’s Digest, Mar. 15 – 21

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