Who makes the trades on pump.fun?
69%
A few wallets. In the week of 2026-10-19 to 2026-10-25, 1% of wallets made 69% of the 131,032,363 trades on pump.fun and PumpSwap. 1,539 wallets, with 10,000 trades or more each, made 31% on their own. Meanwhile 56% of wallets made 3 trades or fewer: 3% of the trades between them.
69%
of trades came from 1% of wallets
1,539
wallets made 31% of the trades
56%
of wallets made 3 trades or fewer
3%
of the trades came from those wallets
How few wallets make the trades
By rank
The wallets of the week, busiest first.
| Wallets | How many | Share of trades |
|---|---|---|
| Top 0.1% | 4,096 | 43% |
| Top 1% | 40,966 | 69% |
| Top 10% | 409,667 | 88% |
By how much they traded
Wallets by how many trades they made in the week.
| Trades in the week | Wallets | Share of trades |
|---|---|---|
| 10,000 or more | 1,539 | 31% |
| 1,000 or more | 14,700 | 58% |
| 3 or fewer | 2,306,521 | 3% |
What it means for you
- A busy chart isn't a busy crowd. 10,000 trades in a week is about one a minute, around the clock, and no person does that.
- The usual wallet barely trades. 56% of them made 3 trades or fewer, so the count of wallets and the count of trades are describing different things.
- Count who holds and who buys, not how many trades printed. Volume is the easiest number on a chart to make.
How we measured it
- Every buy and sell on the pump.fun bonding curves and PumpSwap in the week of 2026-10-19 to 2026-10-25, on any coin, from the chain.
- A wallet is the signer of the trade. A trade is one buy or one sell.
- Wallets are ranked by their trades in the week, and the shares are of all trades that week.
What it doesn't tell you
- This counts trades, not SOL. A wallet making thousands of small trades weighs more here than one big buyer.
- It's one week. These numbers are that week's, and other weeks will differ.
- It doesn't say why a wallet trades. Market makers, volume bots, snipers and copy bots all look alike in a count.
The data
pump.fun trades by wallet size, 2026-10-19 to 2026-10-25. Free to use and share under CC BY 4.0: just say it came from Hidden Hand.
Cite this
Hidden Hand Research. "Who makes the trades on pump.fun?" Measured 2026-10-30. https://hiddenhand.trade/research/who-makes-pump-fun-trades
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.