#CEXvsDEX101 The researcher revealed the prevalence of bots on Pumpfun. Most wallets in the ranking of top traders on the Pumpfun platform are controlled by bots. This conclusion was reached by the author of the thematic dashboard on Dune under the nickname Adam. The study showed that 93 out of 100 addresses with the highest activity on the platform and its associated decentralized exchange PumpSwap are automated scripts. Their activities create a distorted picture of trading volumes on the site.

After excluding bots, the analyst presented statistics on volumes generated by real users. It turned out that only a few traders achieve significant figures. Real activity was distributed as follows:

two wallets traded over $100 million;

785 (0.005% of the total number) exceeded a volume of $10 million;

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.