🚨 Suspicions of Fake Profits on Pump.fun! Of the $752.5 Million in Reported Profits, Did Real Trades Account for Only 26%?
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点击加入短线策略群 💰 Copy-trading meme coins: When you see others making millions of dollars, do you feel tempted to jump in too?
Hold on! A new study by Bitquery found that of the $752.5 million in profits reported on Pump.fun, only $193.9 million came from actual buy and sell trades—just 26%!
⚠️ Even more shocking, around 51% of the profits came from selling tokens transferred in from other wallets, while another 13% or so involved suspected circular trades between related wallets.
This means some wallets may appear to be raking in huge profits, even though they may have no corresponding record of actual purchases. The study also found that 15 of the 25 most profitable trades showed signs of suspected wash trading.
📉 Why is this especially risky for copy traders?
Because what you see may only show how much someone sold—not whether they ever bought the tokens in the first place or what their cost basis was. If you simply copy their sell, you could end up buying at the top.
On top of that, trading fees, network fees, slippage, and execution delays mean that even if the other trader really did make a profit, your results from copying them could be completely different.
💡 A reminder from Jiujiu: When checking meme coin wallet profits, don’t focus only on the profit figure! Check purchase records, where the tokens came from, the cost basis of the holdings, and whether there were any unusual transfers. Reported profits don’t necessarily equal real profits—and they certainly don’t mean you can replicate those same returns.
🚨 Remember: Someone else’s posted profits can be a reference, but they’re not a trading signal.
Do you think copy-trading meme coins is still worth it? Let’s talk in the comments! 👇
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