Pump.Fun Launches Fueling Manipulation Concerns: Over 15,000 Memecoin Projects Manipulated

Despite its recent meteoric rise in popularity, Pump.fun is under scrutiny for a troubling pattern. Token issuers on the platform have been engaging in a strategy of pre-launch manipulation, funneling funds into ‘sniper’ wallets to purchase their own meme coins. This practice has been documented by Pine Analytics, who discovered over 15,000 memecoin launches on Pump.fun were significantly impacted by this tactic. The research highlights the potential for manipulative actions behind these seemingly exciting new projects.