According to a new independent study, most top traders on Pump.fun and PumpSwap are AI trading bots. 93 out of 100 top accounts are active for more than 18 hours per day.
Although there are nearly 800 non-bot trading accounts with over 10 million USD each, bots still dominate the activity. However, some analysts have questioned the research method, concerned that traders might have been incorrectly labeled as bots.
Is Pump.fun Flooded with Bots?
Pump.fun, the famous meme coin platform, has recently attracted significant attention. After rumors about a token launch, the platform has confirmed these plans, creating great excitement.
However, Adam_Tehc analyzed this high trading volume and argued that most traders on Pump.fun are bots:
Specifically, Adam claimed that any trader on Pump.fun active for more than 18 hours per day is a bot. He noted that filtering results is very challenging, as some top medium traders are active for 16 hours per day.
One specific account, @Cupseyy, has traded over 100 million USD on Pump.fun with such high activity levels. Other traders have reported similar numbers.
In recent weeks, Pump.fun has been involved in several scandals, and these bot allegations do not help improve its image. Solidus Labs reported that 98% of listed tokens are scams, and bot activity has become widespread.
Moreover, most traders on Pump.fun are losing money, a trend that continues despite the upcoming airdrop.
This PUMP airdrop could be especially influenced by bot activity on Pump.fun. While some large investors might be human and have significant impact, the systematic activity of bots could shape the market from airdrop allocation to trading volume.
However, some prominent community members have criticized Adam's method.
Ultimately, it is very difficult to make a confident assessment for several reasons, not least the tendency of meme coin traders to spend their entire time online.
What is considered "activity" for this survey? Could some users be using part-time bot tools and trading directly during other hours? In any case, it seems clear that bots are operating very strongly on Pump.fun.
