Bots Dominate Trading Activity on Pump.fun Platform, Research Reveals

Most wallets listed among the top traders on the Pump.fun platform are managed by bots. This conclusion was reached by a dashboard creator on Dune known as Adam.

The study revealed that 93 out of the 100 most active addresses on the platform and its affiliated decentralized exchange, PumpSwap, are operated by automated scripts. This activity distorts the real trading volume on the platform.

When bots were excluded from the analysis, the analyst showcased statistics reflecting the volumes generated by actual users. It turned out that only a handful of traders achieve significant metrics.

The genuine activity was distributed as follows:

This analysis emerged amidst rumors of a potential airdrop for the native PUMP token. Despite the lack of official statements from the developers, the crypto community is widely speculating that filtering out bots is a standard procedure before launching the token distribution. It is believed that trading volume will be one of the key criteria for receiving the airdrop.

Adam also incorporated a special query into the Alpha Wallets Dashboard, allowing any user to enter their wallet address and check the trading volume generated on Pump.fun.

To recap, in March, the «Meme Token Factory» launched PumpSwap on Solana, discontinuing its collaboration with Raydium.

In April, the Pump.fun developers reinstated streaming access for all platform users.

In May, the team introduced a reward mechanism for creators of meme tokens.

In June, media reports highlighted Pump.fun’s plans to raise $1 billion through the issuance of PUMP tokens to both public and private investors, with the token valuation based on a projected platform value of $4 billion.