# Who really buys a pump.fun launch?

**Often, groups of linked wallets.** On the 1,000 pump.fun coins the most wallets traded from 2026-11-01 22:00 UTC to 2026-11-02 22:00 UTC, linked wallet groups made a
median 32% of the buying in each coin's first minute, and half or more of it in 33% of coins. They still held a quarter or more
of the supply in just 2% of those coins when measured.

Measured 2026-11-02 by Hidden Hand Research from each coin's live card.

## First-minute buying by linked groups

| Share of first-minute buying | Coins |
|---|---|
| None | 106 |
| Under 10% | 301 |
| 10% to 25% | 48 |
| 25% to 50% | 206 |
| Half or more | 327 |

## Supply held by linked groups when measured

| Share of supply | Coins |
|---|---|
| None | 549 |
| Under 10% | 374 |
| 10% to 25% | 52 |
| 25% to 50% | 8 |
| Half or more | 17 |

## Linked-wallet groups by size (last 30 days, model 2026-11-02)

| Group size | Groups | Wallets |
|---|---|---|
| 2 wallets | 117,118 | 234,236 |
| 3 to 5 | 72,366 | 262,946 |
| 6 to 20 | 82,385 | 559,541 |
| 21 to 100 | 3,166 | 126,754 |
| More than 100 | 1,739 | 751,437 |

Also: half or more of the launch bought in bundles in 43% of coins; holders funded together in 78%; 76% were their dev wallet's first coin.

## Data

- https://hiddenhand.trade/research/data/who-buys-pump-fun-launches.csv
- https://hiddenhand.trade/research/data/who-buys-pump-fun-launches.json
- License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/)

Cite: Hidden Hand Research. "Who really buys a pump.fun launch?" Measured 2026-11-02. https://hiddenhand.trade/research/who-buys-pump-fun-launches