The top 100 most active wallets on Pump.fun automate their trades: Pump.fun or Bot.fun?

Pump.fun may be hosting highly active bots, making the most of minting and trading new coins. Within the top 100 wallets, 93 show signs of automated activity. 

The most active wallets on Pump.fun may be automating their activity, gaining advantage through high-speed trades. It is a known fact that creator wallets are only a few, and even fewer made large gains. On-chain analysts also noticed the most active traders may be predominantly using automation or bots. Pump.fun also reached peak weekly activity, once again raising the issue of organic volumes and trading in the ‘trenches.’

Top wallets are not only showing extraordinary volumes but also inhuman hours, with high-grade activity over 18 hours a day. The main narrative of Pump.fun is that it hosts small-scale traders in the trenches, which compete fairly in picking new memes. 

Turns out 93 out of the top 100 pumpfun/pumpswap wallets are bots.

Adding some simple bot filtering. (which they’ll certainly do for the airdrop)

Here’s the actual human leaderboard:

• 2 wallets have traded over $100M+ volume (@Cupseyy & @TheMisterFrog)

• 785 wallets have… https://t.co/td9lZN1vHZ pic.twitter.com/bG69K6v2gF

— Adam (@Adam_Tehc) June 9, 2025

Just days ago, Pump.fun announced it would offer a native token with the goal of raising $1B at a $4B valuation. So far, Pump.fun has remained tokenless, relying on its main product to boost activity. It’s still uncertain how many of the small-scale traders are bots, though most of the Pump.fun activity is concentrated in high-value wallets.

Pump.fun bots raise questions about airdrop fairness

The platform skipped the most active phase of the previous airdrop season, though it has always been closely watched for the potential to reward its users. Previous high-profile airdrops also raised the issue of rewarding the real distributed community instead of sending most of the new tokens to top whales. 

An airdrop concentrated in the hands of a few top players has resulted in quick selling and a crashing market price. Pump.fun has also avoided a native token to stay away from price speculation, instead focusing on its top memes. 

Solana remains the top chain for trading bot activity, though the automated trading was mostly deployed to DEX. With the rise of PumpSwap, bots had even more opportunities for trading. Additionally, Pump.fun attempts at using bots hold the risk of scams. Users have reported GitHub repositories with promised Pump.fun bots, which steal SOL and transfer it to external wallets. 

Pump.fun activity raises around $2.13M in daily fees, a consistent baseline level. The platform is still in the top 5 of fee producers, extracting SOL to sell on the open market roughly every two weeks. The platform revenues have slowed down, since most of its new coin launches reach lower valuations. 

The platform reports over 20M total addresses engaging with the tokens, with around 13K wallets creating new tokens for the past day. Pump.fun retains around 30K daily token launches, retaining its usual level for the past month. PumpSwap volumes increased by 25% in the past day, rising to over $73M. However, more than 99.1% of tokens remain forever in their initial bonding curve, not graduating to PumpSwap or another DEX.