#Pump.fun data manipulation?#
Hot Topic Overview
Overview
The Pump.fun data manipulation controversy continues to ferment. Dune data shows that only 0.408% of Pump.fun traders have achieved profits exceeding $10,000, but the Pump.fun founder has questioned this data, arguing that the statistical method is flawed. He pointed out that the data does not include token purchases tied to Raydium, nor does it consider unrealized profits. Moreover, among the over 13 million traders, there are a large number of bots and AI agents, with approximately 30% of wallets having only conducted a single transaction. Therefore, the actual profitability and profit scale may be significantly higher than the results shown by Dune data.
Ace Hot Topic Analysis
Analysis
The controversy surrounding Pump.fun's alleged data manipulation primarily revolves around Dune data showing that "out of 13,547,736 Pump.fun wallet addresses, only about 55,296 addresses have achieved profits exceeding $10,000." Pump.fun founder alon has challenged this data, arguing that the statistics are flawed. He cites several reasons: the data does not account for token purchases linked to Raydium, leading to the omission of actual profits for some users; unrealized profits are not considered, meaning early token holders' actual gains may be significantly higher than indicated; among the over 13 million traders, many are bots and AI agents, not real users; and approximately 30% of wallets have only made one transaction, a sell, making it unlikely that real human users are behind these activities. Therefore, alon believes that the Dune data underestimates the actual profitability of Pump.fun users, and the number of actual profitable users and the scale of their profits may be significantly higher than reported. Currently, both sides have not reached an agreement on the data collection methodology, and the dispute continues.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Pump.fun founder denies the accuracy of Dune data statistics, arguing that the data released by the data publisher has problems, not taking into account the purchase of tokens already bound to Raydium, not considering unrealized profits, and the existence of a large number of robots and AI agents among the over 13 million traders.
Dune data shows that most Pump.fun traders have not realized profits exceeding $10,000, and among a total of 13,547,736 Pump.fun wallet addresses, only about 55,296 addresses (0.408%) have realized profits exceeding $10,000.
Pump.fun founder believes that about 30% of wallets have only made one transaction, which is to sell, and these wallet activities cannot be behind real human users.
Pump.fun founder believes that the real number of profitable and large-profit wallets may be an order of magnitude larger than what is shown.