93% of the top wallets are bots.
The post 93% of the top wallets are bots. appeared on BitcoinEthereumNews.com. Pump.fun, the platform that made memecoin trading on Solana go viral, is approaching its much-anticipated airdrop. The rumors are becoming increasingly persistent, with sources close to the team reportedly confirming, albeit unofficially, the imminent distribution of the token $PUMP. However, a recent discovery risks changing the game: 93% of the top active wallets on Pump.fun and PumpSwap are managed by bots. This revelation, made public through dashboards on Dune Analytics curated by @adam_tehc, raises crucial questions about the actual human activity on the platform, the effectiveness of volume as a metric for an airdrop, and, more generally, about the sustainability of an ecosystem where human interaction seems to be marginal. The data: a platform dominated by automated wallets According to the analysis, out of 100 wallets with the highest trading volume, as many as 93 are tagged as “Automated”, meaning operated by bots. These wallets carry out millions of weekly transactions, with volumes exceeding $400 million in the case of the top-ranked ones. In detail: The first 25 wallets generated volumes between $100M and $494M, but all are bots. The only two human wallets in the $100M+ range are recognized as @Cupseyy and @TheMisterFrog. Out of over 32 million wallets monitored, only 785 have exceeded $10M in volume, and only 11,843 have surpassed the million threshold. These numbers highlight an abysmal disparity between automated activity and real, human activity. Why it is a problem (even for the airdrop) The idea behind a volume-based airdrop is simple: to reward the most active and engaged users. But if the leaderboard is dominated by bots, then the airdrop risks: Reward only those who have the technical skills to automate trading. Exclude the real community, the one made up of retail investors, curious individuals, memecoin lovers, and retail users who form the narrative base…
The post 93% of the top wallets are bots. appeared on BitcoinEthereumNews.com.
Pump.fun, the platform that made memecoin trading on Solana go viral, is approaching its much-anticipated airdrop. The rumors are becoming increasingly persistent, with sources close to the team reportedly confirming, albeit unofficially, the imminent distribution of the token $PUMP. However, a recent discovery risks changing the game: 93% of the top active wallets on Pump.fun and PumpSwap are managed by bots. This revelation, made public through dashboards on Dune Analytics curated by @adam_tehc, raises crucial questions about the actual human activity on the platform, the effectiveness of volume as a metric for an airdrop, and, more generally, about the sustainability of an ecosystem where human interaction seems to be marginal. The data: a platform dominated by automated wallets According to the analysis, out of 100 wallets with the highest trading volume, as many as 93 are tagged as “Automated”, meaning operated by bots. These wallets carry out millions of weekly transactions, with volumes exceeding $400 million in the case of the top-ranked ones. In detail: The first 25 wallets generated volumes between $100M and $494M, but all are bots. The only two human wallets in the $100M+ range are recognized as @Cupseyy and @TheMisterFrog. Out of over 32 million wallets monitored, only 785 have exceeded $10M in volume, and only 11,843 have surpassed the million threshold. These numbers highlight an abysmal disparity between automated activity and real, human activity. Why it is a problem (even for the airdrop) The idea behind a volume-based airdrop is simple: to reward the most active and engaged users. But if the leaderboard is dominated by bots, then the airdrop risks: Reward only those who have the technical skills to automate trading. Exclude the real community, the one made up of retail investors, curious individuals, memecoin lovers, and retail users who form the narrative base…
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