Researcher Uncovers Bot Dominance on Pump.fun

The majority of wallets in the top traders’ ranking on the Pump.fun platform are controlled by bots, according to the creator of a thematic dashboard on Dune, known as Adam.

Turns out 93 out of the top 100 pumpfun/pumpswap wallets are bots.

Adding some simple bot filtering. (which they’ll certainly do for the airdrop)

Here’s the actual human leaderboard:

• 2 wallets have traded over $100M+ volume (@Cupseyy & @TheMisterFrog)

• 785 wallets have… https://t.co/td9lZN1vHZ pic.twitter.com/bG69K6v2gF

— Adam (@Adam_Tehc) June 9, 2025

The research revealed that 93 out of the 100 most active addresses on the platform and its associated decentralized exchange, PumpSwap, are automated scripts. Their activity distorts the trading volume picture on the platform.

After excluding bots, the analyst presented statistics on volumes generated by real users. It turned out that only a few traders achieve significant figures.

The real activity was distributed as follows:

• two wallets traded over $100 million;
• 785 (0.005% of the total) exceeded $10 million in volume;
• 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 $1,000.

The analysis emerged amid rumors of a potential airdrop of the native PUMP token. Despite the absence of official statements from developers, the crypto community widely discusses the notion that bot filtering is a standard procedure before launching token distributions. It is assumed that trading volume will be one of the key criteria for receiving the airdrop.

Adam also added a special query to the Alpha Wallets Dashboard. With it, any user can enter their wallet address and check the trading volume generated on Pump.fun.

Back in March, the “Meme Token Factory” launched PumpSwap on Solana, moving away from Raydium.

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

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

In June, media outlets reported on Pump.fun’s plans to attract $1 billion in investments through the placement of PUMP tokens among public and private investors. The token value will be determined based on a platform valuation of $4 billion.