The post 15,000+ Solana Memecoins Launches Manipulated by Pump.Fun Sniper Wallets: Report appeared first on Coinpedia Fintech News
According to Pine Analytics Report over 15,000 Solana memecoin launches on Pump.fun have been manipulated through the use of sniper wallets — automated wallets that purchase tokens the moment they go live and sell them within minutes for profit.
However, in this case, it’s not just opportunistic bots. The report claims that token deployers themselves are secretly funding and pre-alerting these wallets, essentially creating fake demand to bait retail investors.
How the Scheme Works
These sniper wallets — typically designed to snipe fresh listings — are being co-opted by the very deployers launching the memecoins. Deployers allegedly pre-load these wallets, allowing them to execute precise buy-sell loops seconds after launch, creating an artificial spike in demand.
The aim? Trigger FOMO among retail traders and exit with quick profits, leaving others holding worthless tokens.
Scale of the Manipulation
In just 30 days:
- 15,000+ token launches affected
- 10,400+ deployers involved
- 4,600+ sniper wallets used
- 87% of sniper wallets generated profits
- Over 15,000 SOL made through this exploit
The report notes that at least 50% of all memecoin launches on Pump.fun involve some level of sniping.
Eroding Trust in Solana Memecoins
This form of market manipulation disproportionately affects retail investors, who are often lured by false demand and end up buying high — only to see prices crash within minutes.
Experts warn that if left unchecked, this could damage trust in Pump.fun and tarnish the broader Solana memecoin ecosystem.
Why It’s Hard to Stop
One of the biggest challenges in tackling sniper wallet abuse is that these wallets mimic standard trading bots. Many also obscure their tracks using proxy wallets and burner addresses, making it extremely difficult to identify the perpetrators.
What Can Be Done?
The report calls for Pump.fun to take serious action:
- Deploy detection tools for suspicious trading behavior
- Flag known sniper wallet patterns
- Encourage a shift toward transparency and away from short-term profiteering
Without stronger safeguards and platform-level commitment, Pine Analytics warns, manipulative practices will continue to plague Solana memecoin launches.
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