According to new independent research, the overwhelming majority of top traders on Pump.fun and PumpSwap are ai trading bots. 93 out of the 100 highest accounts are active for more than 18 hours per day.
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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