Expert: "meme coin factory" Pump.fun has been flooded with bots

The "Army of Bots" on Pump.fun accounts for 60-80% of the trading volume of certain coins to create FOMO and drive up prices. Such calculations were provided by a researcher under the nickname Naveen_0505.

Analyst @Naveen_0505 warns that “Proxies,” a bot army on Pump Fun, fakes 60–80% of trading volume in some coins to create FOMO and pump prices. These bots simulate real activity to lure buyers, but distort markets and signal manipulation. Watch for Proxy farming in sudden meme…

— Wu Blockchain (@WuBlockchain) May 20, 2025

Bots create fake market activity to attract buyers, but distort genuine price formation, the expert is convinced. According to him, often this army, which he named Proxies, is responsible for sudden price spikes.

The result of Naveen_0505's efforts was the dashboard he developed on Dune Analytics.

The algorithm analyzes the following parameters:

• tokens launched in the last 24 hours on Pump.fun;
• wallets demonstrating high-frequency trading behavior in these assets;
• total turnover attributed to such high-frequency traders;
• comparison of the total trading volume with the share received by this category of participants for individual coins.

As a result of the monitoring, the specialist found that in some cases bots accounted for as much as 60-80% of the turnover of certain "fun coins". In other words, not all the volume reflects real demand.

"This is not organic trading. This is constructed liquidity," — he lamented.

Data: Dune Analytics. The researcher urged everyone to ask themselves during each subsequent hype whether there is a FOMO army of bots behind it. Transparency and data triumph over deception and narratives, he concluded.

Let us remind you that in May, Blockworks Research suggested a weakening of Pump.fun's dominance among Solana launchpads as new players emerge. The latter are starting to experiment with income distribution settings, "bonding curves," and other mechanics.

Earlier in CoinGecko, meme coins were named the most popular narrative of the first quarter of 2025.

In early May, the number of mentions of such assets on social media reached a peak in 2025 against the backdrop of a shift in traders' interest towards high-risk instruments.