Most of the wallets in the top traders ranking on the Pump.fun platform are controlled by bots. This conclusion was reached by the author of the thematic dashboard on Dune under the nickname Adam.
A study showed that 93 out of 100 addresses with the highest activity on the platform and the associated decentralized exchange PumpSwap are automated scripts. Their activity creates a distorted picture of trading volumes on the platform.
After excluding bots, the analyst presented statistics on the volumes generated by real users. It turned out that only a few traders achieve significant results.
The real activity has been distributed as follows:
2 wallets traded for over $100 million;
785 (0.005% of the total number ) exceeded the volume of $10 million;
11 843 (0.078%) — over $1 million;
121 755 (0.80%) — over $100,000;
685 160 (4.49%) — over $10,000;
3.72 million (24.4%) — over $1000.
Analytics emerged against the backdrop of rumors about a possible airdrop of the native token PUMP. Despite the lack of official statements from the developers, the crypto community widely discusses the notion that bot filtering is a standard procedure before launching the token distribution. It is assumed that trading volume will become one of the key criteria for receiving the airdrop.
Adam also added a special query to the Alpha Wallets Dashboard analytics panel. With it, any user can enter their wallet address and check the trading volume generated on Pump.fun.
Recall that in March the "Meme Token Factory" launched PumpSwap on Solana, abandoning work with Raydium.
In April, the developers of Pump.fun restored streaming access for all users of the platform.
In May, the team introduced a reward mechanism for meme token creators.
In June, the media reported on Pump.fun's plans to attract $1 billion in investments through the issuance of PUMP tokens among public and private investors. The value of the tokens will be determined based on a platform valuation of $4 billion.
Report: 98% of tokens from the "meme coin factory" Pump.fun turned out to be a scam
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The researcher uncovered the prevalence of bots on Pump.fun
Most of the wallets in the top traders ranking on the Pump.fun platform are controlled by bots. This conclusion was reached by the author of the thematic dashboard on Dune under the nickname Adam.
A study showed that 93 out of 100 addresses with the highest activity on the platform and the associated decentralized exchange PumpSwap are automated scripts. Their activity creates a distorted picture of trading volumes on the platform.
After excluding bots, the analyst presented statistics on the volumes generated by real users. It turned out that only a few traders achieve significant results.
The real activity has been distributed as follows:
Analytics emerged against the backdrop of rumors about a possible airdrop of the native token PUMP. Despite the lack of official statements from the developers, the crypto community widely discusses the notion that bot filtering is a standard procedure before launching the token distribution. It is assumed that trading volume will become one of the key criteria for receiving the airdrop.
Adam also added a special query to the Alpha Wallets Dashboard analytics panel. With it, any user can enter their wallet address and check the trading volume generated on Pump.fun.
Recall that in March the "Meme Token Factory" launched PumpSwap on Solana, abandoning work with Raydium.
In April, the developers of Pump.fun restored streaming access for all users of the platform.
In May, the team introduced a reward mechanism for meme token creators.
In June, the media reported on Pump.fun's plans to attract $1 billion in investments through the issuance of PUMP tokens among public and private investors. The value of the tokens will be determined based on a platform valuation of $4 billion.