Who really buys a pump.fun launch?
Often, groups of linked wallets. On the 1,000 pump.fun coins the most wallets traded from 2026-10-29 18:00 UTC to 2026-10-30 18:00 UTC, linked wallet groups made a median 24% of the buying in each coin's first minute, and half or more of it in 33% of coins. By the time the crowd shows up they've mostly sold: they still held a quarter or more of the supply in just 2% of those coins.
How much of the first minute was them
How much they still hold
The groups behind them
Over the last 30 days, 1,982,759 wallets that act together boil down to 278,172 groups. The biggest 1,810 groups have more than 100 wallets each, 800,551 between them.
| Group size | Groups | Wallets in them |
|---|---|---|
| 2 wallets | 119,024 | 238,048 |
| 3 to 5 | 74,129 | 267,725 |
| 6 to 20 | 79,960 | 547,271 |
| 21 to 100 | 3,249 | 129,164 |
| More than 100 | 1,810 | 800,551 |
Hidden Hand's linked-wallet model dated 2026-10-30.
What it means for you
- The early chart is often them. In 33% of the coins people trade most, the first minute was mostly linked wallets, so the "crowd" you're chasing can be a few groups.
- They don't stick around: groups still held a quarter of the supply in only 2% of these coins when we looked. Buying late usually means buying from them.
- A clean dev record isn't enough on its own: 75% of these coins came from a dev wallet's first launch. The card follows the groups and the money instead.
How we measured it
- The 1,000 coins the most wallets traded on pump.fun's curves and PumpSwap in the 24 hours from 2026-10-29 18:00 UTC to 2026-10-30 18:00 UTC, each read from its live Hidden Hand card, the same card the panel shows.
- A linked group is wallets that act as one: they sign together, fund each other, or buy the same coin at the same moment. A group counts in a coin when several of its own wallets are in it.
- First-minute buying is the SOL bought in a coin's first 60 seconds. Holdings are the share of the supply in the groups' wallets when we read the card.
What it doesn't tell you
- These are the coins people trade most, not every coin.
- It's one day's coins, and it moves: the same reading was 54% on 2026-10-22. Take it as a level, not a constant.
- Groups are found from how wallets behaved over the last 30 days, so a brand-new group can slip through: the true shares are, if anything, higher.
- Being in a group isn't proof of anything shady on its own. It's a pattern worth seeing before you buy.
The data
How the 1,000 most-traded pump.fun coins' cards read on 2026-10-30, and the linked-wallet groups by size. Free to use and share under CC BY 4.0: just say it came from Hidden Hand.
Cite this
Hidden Hand Research. "Who really buys a pump.fun launch?" Measured 2026-10-30. https://hiddenhand.trade/research/who-buys-pump-fun-launches
Keep digging
See it on live coins
All of this runs live in the panel, on whatever coin or wallet you're looking at. Free on the Chrome Web Store, no wallet needed.