Even with nearly 800 non-bot accounts trading more than $10 million each, bots make up the overwhelming majority of activity. Still, a few analysts questioned the study’s methodology, wondering if it falsely flagged human traders.
Is Pump.fun Swarming with Bots?
Pump.fun, the famous meme coin launchpad, has been making a lot of headlines lately. After rumors that it would launch a PUMP token, the platform confirmed these plans, creating a spree of excitement.
However, Adam_Tehc analyzed this heightened trading volume, claiming that most Pump.fun traders are bots:
Specifically, Adam considered any Pump.fun trader active for more than 18 hours a day to be a bot. He claimed that filtering the results was difficult, as some of the top human traders averaged 16 hours per day.
One specific account, @Cupseyy, traded more than $100 million on Pump.fun with this intense level of activity. Other humans reported similar numbers.
Over the past few weeks, Pump.fun has been involved in a few scandals, and these bot allegations wouldn’t help that perception. Solidus Labs reported that 98% of its listed tokens are scams, and bot activity is already prevalent.
Additionally, most Pump.fun traders lose money, a trend that continues despite the impending airdrop.
This PUMP airdrop could be especially affected by bot activity on Pump.fun. Even if a few human whales have a big impact, systematic bot activity could define the market from airdrop allocation to trading volume.
Still, a few prominent community members criticized Adam’s methodology.
Ultimately, it’s very difficult to make a confident assessment for a few reasons, not least of which is the propensity for full-time meme coin traders to spend all their time online.
What counts as “activity” for this survey? Could some users use bot tools part-time, and directly trade on other hours? Regardless, it seems clear that bots are very active on Pump.fun.
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