Security· ★★★· bearish·

Onchain sleuth uncovers 43-wallet ring behind 6,855 meme coin launches on Pump.fun

  • —Network comprises 32 launch wallets, 8 relay wallets, 3 bundle wallets, 2 aggregation wallets and 1 dormant wallet
  • —Of 160 launches, 461 bundle buys landed in the creation block, 90% right after the first transaction
  • —Wallet DRXPafDu launched 1,118 tokens, with 88% fully sold within 5 seconds
  • —On Oct. 14, 36 wallets drained SOL to the aggregator in a single block, followed by a $71,874 USDC transfer
Why it matters: The operation shows how bundling and insider buys on Pump.fun systematically extract value from outside buyers, eroding trust in meme coin launches.
#SOL#USDC
Source: 動區 BlockTempo
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