New Scandal: 93% of Top Traders on Pump.fun are “Bots”
Investigation:
• A report from Lookonchain reveals that 93 of the top 100 wallets on the Pump.fun platform are managed by automated programs.
• These wallets are making massive profits and controlling the emerging memecoin market through quick minting and liquidation.
Implications:
• Raises questions about transparency and fairness in fast-launch platforms.
• Potential upcoming regulatory intervention in this type of platform.
#PumpFun #BotsInCrypto #MemecoinManipulation #DeFiRisks
