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Only 26% of gains on Pump.fun are real trading profits; most come from token transfers and wash trading.

Market News
26 Oct 2026
Cointribune
View Source
Bearish
Only 26% of gains on Pump.fun are real trading profits; most come from token transfers and wash trading.

A Bitquery study found that only 26% of the $752.5 million gains displayed on Pump.fun come from actual trading profits, while 51% result from selling tokens received from other wallets, and 13% involve wash trading. This means many displayed gains are misleading, as they often come from token transfers or coordinated trades rather than genuine market activity. This complicates copy-trading, as followers cannot replicate returns when initial purchase prices are unclear. The study highlights risks for investors relying on displayed gains without deeper analysis.

The story on Pump.fun's displayed gains offers context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 26, 2026 13:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 9 rose and 40 fell. THETA traded at Rp3.271 with a 1-day change of -3.77% and Pluang order activity of 13% Sell / 87% Buy, EGLD at Rp57.533 with -3.36% and 0% Sell / 100% Buy, and COTI at Rp187 with -3.03% and 53% Sell / 47% Buy.

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