🔍 Most of Pump.fun’s top wallets aren’t real users — they’re bots.
Crypto sleuth Adam revealed that 93 of the top 100 wallets on Pump.fun and PumpSwap are behaving like bots, not people. These wallets are online nearly 24/7, trading thousands of tokens with hyper-optimized behavior — far beyond what any human could do.
🤖 Why This Matters for Airdrops & Rewards
Adam’s discovery raises serious concerns for upcoming rewards — especially the rumored PUMP airdrop.
If bots dominate the leaderboard, will real users be excluded from meaningful rewards?
To fix this, Adam says bot filters are being tested — potentially to clean up the leaderboard before any airdrop snapshot.
But again:
“Someone, somewhere who knows someone and something confirmed a PUMP airdrop,”
— says Adam. So nothing is officially confirmed yet.
💰 Real Activity Still Exists — But It’s Hidden Below Bots
Despite the dominance of bots, real traders have achieved big numbers:
@Cupseyy & @TheMisterFrog each traded over $100M
785 wallets crossed $10M
12,000+ wallets crossed $1M
Over 121,000 wallets passed $100K in volume
3.7 million wallets traded $1K or more
But most of these aren’t in the top 100 — which is why the problem matters.
📈 Pump.fun’s Booming — But Is It Real Growth?
Earns $2.13M/day in fees
Ranks in top 5 Solana revenue platforms
PumpSwap hit $73M daily volume recentlyBut 99.1% of tokens never succeed — they stay in the “launch” phase
This means most of the volume and launches may just be bot churn, not real community engagement.
🚨 What’s Next? Airdrop, Token Launch, and Uncertainty
Pump.fun is reportedly planning a native token launch, aiming for a $1B raise at a $4B valuation.
But the token isn’t out yet — and it's unclear how the bot problem will affect rewards, tokenomics, or long-term trust.
✅ Bottom Line:
Adam’s research doesn’t say Pump.fun is a scam — but it shows how bot-dominated the leaderboard really is.
If you're a real user farming for rewards, keep your expectations realistic and watch for upcoming bot filters or eligibility rules.
#PumpFun #OnChainAnalysis #MemeCoins #CryptoNews #Solana $SOL