Most of the top wallets on Pump.fun and PumpSwap are bots, according to on-chain researcher Adam. In a post shared on X, Adam said, “Turns out 93 out of the top 100 pumpfun/pumpswap wallets are bots.” This finding has stirred curiosity among meme coin traders across the DeFi space.
Adam added that simple bot filters are now being tested and may be used during the rumored airdrop. This airdrop has not been confirmed yet but Adam teased that, “Someone, somewhere who knows someone and something have confirmed a PUMP airdrop, according to some sources.”
Adam pointed out some wallets that seem to be humans in the mix. Two wallets—owned by @Cupseyy and @TheMisterFrog, have reportedly traded over $100 million in volume. Around 785 wallets traded over $10 million, and nearly 12,000 wallets moved more than $1 million each. Over 121,000 wallets crossed the $100K mark, while 3.7 million wallets hit at least $1,000 in trades.
This surge in activity has raised questions about fairness and airdrop rewards. In past token launches, bots and whales often grabbed the lion’s share of tokens.
Moreover, Pump.fun has been busy lately. The site peaked in activity this June, drawing in users and high volumes. But much of that volume could be fake. These top wallets often stay active for more than 18 hours a day. This is not regular for humans and it is a pattern that can only be linked to bots.
Just a few days ago, the project is also planning to launch a native token. This aims to raise $1 billion at a $4 billion valuation, according to a previous report, So far, it is still tokenless and is focusing on its core meme coin launchpad. It’s unclear how bots may affect token plans or user rewards.
Pump.fun brings in about $2.13 million in fees daily. It stays among the top five revenue earners on Solana. PumpSwap, its trading partner, hit $73 million in volume after a 25% jump in a single day. Even with this spike, 99.1% of tokens never leave their starting phase.
Also Read: Pump.fun Calls Elon Musk to Launch Memecoin Just Like Trump
