Pump.fun ICO has achieved astonishing results, which can be said to be a test of cryptocurrency liquidity Individual investors, large investors, and whales all have varying degrees of participation According to DUNE data, the distribution of the number of wallets participating in pre-sales based on different purchase amounts is as follows: Buy over $1000000: 202 wallets Buy over $500000: 138 wallets Buy over $100000: 445 wallets Buy over $50000: 290 wallets Buy over $10000: 1030 wallets Buy over $5000: 545 wallets Buy over $1000: 1737 wallets Buy below $1000: 5758 wallets On average, each wallet contributes 44209, with the largest number of<1K individual investors, accounting for approximately 55.4% (5758/10145) of the wallet count, However, there are 445+138+202=785 addresses in the 100K+group, accounting for 7.7%, contributing more than half of the funds. In total, there are over $10K addresses 202+138+445+290+1030=2105 wallets, which are the main source of funds for Presale's mid to high capital participants.