Adam didn’t just eyeball some transaction logs. He ran filters, cross-checked behavioral patterns, even considered time zones. What he found is pretty hard to spin: most of the action at the top is automated. And with all the whispers about a coming airdrop, the bots have every reason to stick around. Actually, if there’s free money on the table, would you expect anything less? In crypto, when a project hints at “airdrop,” trading bots start multiplying like gremlins after midnight.
Turns out 93 out of the top 100 pumpfun/pumpswap wallets are bots.
— Adam (@Adam_Tehc) June 9, 2025
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
Of course, not every major account is automated. Some real power users—Cupseyy, TheMisterFrog—have moved more than $100 million apiece. That’s the scale: hundreds of wallets have crossed the $10 million line, and literally millions of addresses have each run trades worth $1,000 or more. It’s wild, but also a bit worrying if you’re hoping for fair airdrop allocation.
Community reaction? Mixed, to say the least. Some shrug it off—"bots will be bots"—but many fear a repeat of past fiascos where organic users got left with crumbs. “If Pump.fun doesn’t put up real anti-bot walls, we’ll see the same story again,” wrote one trader, echoing a sentiment familiar to anyone who’s watched DeFi or NFT airdrops devolve into a race between algorithms and average joes.
What’s extra fishy: top wallets are “awake” for 18+ hours a day. Who can trade that much, that often? Not even the most caffeinated degens can keep up. This is automation—plain and simple. And yet, somehow, the project is thriving: $2.13 million in daily revenue, a rumored $4 billion token valuation, a place in Solana’s top-5 moneymakers. Big money, high stakes, and, let’s be real, a bot problem too big to ignore.
So what’s next? The team at Pump.fun is talking about a revenue-sharing model for holders of the (soon-to-drop?) PUMP token, but that only raises the stakes. Everyone—humans, bots, and probably a few bored AI researchers—is watching to see how they’ll handle the airdrop. Fair warning: unless there’s a real crackdown, expect the script wars to get even nastier.
At the end of the day, this isn’t just about one project or one airdrop. It’s a glimpse into the messy, fascinating, sometimes infuriating world of modern crypto—where code often wins, but the human drama never goes away.