According to a new report from Pine Analytics, token deployers on Pump.fun have systematically sponsored sniper wallets to buy their own meme coins. This affects over 15,000 token launches on the platform.
These snwallets primarily primarily operate during US trading hours, executing standard and profitable strategies. The bot activity does not conceal their behavior, making isolating these wallets extremely difficult — and they can easily adapt toerm>
Snipers Freely Operating on Pump.fun Meme Coins
Pump.fun remains one of the most popular meme coin launchpads on Solana despite ongoing controversies and criticisms.
However, Pine Analytics' new report discovered a new controversy, detecting systematic market manipulation on the platform. These snipes account for up to 1.75% of total launches on Pump.fun.
"Our analysis shows that this tactic is not rare or marginal — in just the past month, over 15,000 SOL in profits were withdrawn through this method,, across more than 15,000 launches involving over 4,600 sniper wallets and over 10,400 deployers. These wallets show an unusually high success rate (87% of snipes are profitable), clean exits, and a structured activity pattern," the report stated.
Meme coin deployers on Pump.fun follow a consistent model. They sponsor one or more sniper wallets and pre-notify them about upcoming token launches.
These wallets buy tokens in the first block and then liquidate almost immediately — 85% within five minutes and 90% in just one or two swap events.
Image: Profits from sniper wallets on Pump.Fun. Source: X/Pine Analytics
Meme coin developers on Pump.fun exploit this tactic to create an appearance of immediate demand for their tokens. Uninformed retail investors typically buy these tokens after the snipe, providing an unfair advantage to. Thisutes the market and erodes platform trust.
Pine Analytics had to carefully adjust their method to identify actual snipers. Clearly, 50% of meme coin launches on Pump.fun involve sniping, but most are likely bots using a "spray and pray" method.
By filtering out wallet-unlinked snipers, the company missed projects concealing their traces through proxies and burners.
In other words, the meme coin community lacks sufficient defenses against systematic abuse on Pump.fun. There are ways the platform could mark repeat offenders and shady projects, but adaptive countermeasures could defeat them. This issue requires persistent and proactive action.
Unfortunately, implementing such policies may be difficult. Systematic meme coin sniping is so prevalent that Pump.fun can only counter it with genuine commitment.
Believe a chain culture rewards transparency rather than exploitation is the long-'s term solution. Such a change change significant shock, and the meme coin sector might not survive.
