Bitquery study reveals Pump.fun whale profits: Only 26% from replicable trades
Current overview (not historical)
A Bitquery analysis of 3,170 Pump.fun wallets with at least $100,000 in profits found that only 26% of the $752 million in gains came from replicable market trades. The remaining 74% of profits originated from protocol token transfers (51%) and potentially coordinated transactions (13%), suggesting significant earnings are not derived from standard buying and selling activity.
Written with AI from the reporting · updated 10/25/2026
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- 1Unclassified fact stationOct 22, 00:00recorded Oct 26, 00:08single sourcerevised
Bitquery研究显示Pump.fun大额钱包收益中仅26%可复制交易
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Bitquery
- Action：
- 发布研究报告
- Object：
- 分析大额memecoin钱包收益来源
- Occurred (fact side)：
- Oct 22, 00:00
- Published (valid side)：
- Oct 25, 23:50
- First seen (known side)：
- Oct 26, 00:08
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedPump.fun’s Top Earners May Be Unreplicable, Study Finds
Report first recorded Oct 26, 00:08
A Bitquery investigation of 3,170 wallet‑token positions with at least $100,000 in gains between October 2025 and August 2026 revealed that only 26% of the $752.5 million in large memecoin wallet profits came from conventional market trades. The study shows that 51% of the gains involved wallets selling tokens that were received via transfers, and 13% displayed patterns of potentially coordinated trading. In August, transferred‑token sales accounted for 70% of large wallet wins, up from fewer than 100 cases monthly before July. The findings highlight a flaw in crypto copy‑trading platforms that rely on observable purchases to identify successful traders, as many profitable wallets record gains without executing market purchases that followers could replicate.
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