# Who makes the trades on pump.fun?

**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.

Measured 2026-10-30 by Hidden Hand Research from the Solana chain.

## By rank

| 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

| 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% |

## How it was measured

Every buy and sell on the pump.fun bonding curves and PumpSwap that week, on any coin. A wallet is the trade's signer. This counts trades, not SOL.

## Data

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

Cite: Hidden Hand Research. "Who makes the trades on pump.fun?" Measured 2026-10-30. https://hiddenhand.trade/research/who-makes-pump-fun-trades