Pump.fun 101: Wallets, Analysis
and Insights
Introduction
Without a doubt, Pump.fun has become an inevitable platform in the meme coin space, as it is where many of them are born.
Thousands of tokens are created there every day, and despite the fact that 99% of them die, there are still some that survive and become real sources of gold if we manage to find wallets that buy them in their earliest stages.
First, lets quickly explain what Pump.fun is: Pump.fun is a platform that allows you to create Solana meme coins in a matter of seconds. With a simple interface, users can launch tokens without coding knowledge, just choose a name, set up the social links and pay a small fee in SOL. The platform handles smart contract creation, liquidity pools, and provides basic marketing tools and analytics. While launching is straightforward, success depends on marketing and community building efforts.
Pros & Cons
When evaluating Pump.fun’s token creation platform, there are important considerations to weigh:
On the potential upside, early discovery and investment in legitimate tokens can yield significant returns. The platform’s accessibility makes it possible to spot and enter promising projects during their initial phases, when prices are at their lowest.
However, substantial risks exist in this space. Most newly created tokens fail to deliver value, with a high percentage resulting in complete losses through scams or abandoned projects. The
Low barrier to entry means the market becomes flooded with tokens, making it challenging to identify sustainable opportunities among the numerous launches.
It’s worth mentioning that, when evaluating pump.fun tokens. you’ll encounter dramatic price impacts due to low liquidity pools. With typical initial market caps around $5,000, even modest trade creates significant price movement. A big enough purchase (Around $200-$500 when the token has very low liquidity) can drive prices up 10-20%, while larger positions or multiple buyers can trigger massive spikes. Similarly, selling pressure causes sharp drops, with late sellers often facing severe losses due to slippage.
This high volatility creates a double-edged dynamic. Early entry into legitimate projects can yield substantial returns, capitalizing on the platform’s accessibility and low entry barriers. However, most tokens ultimately fail through rug pulls, abandonment, or simple lack of sustained interest. The constant flood of new launches further complicates identifying sustainable opportunities.
Pump.fun Wallet Tracking
While trading Pump.fun tokens carry significant risk, with many inexperienced traders facing losses due to high volatility, some professional traders have developed profitable strategies in this market. We’ll explore how to identify and analyze these types of wallets, and learn how to copy-trade them successfully using Odin Bot.
Wallet Sourcing
Odin Bot’s Discord shares at least 50 potentially profitable wallets daily.
However, blindly copying these trades won’t guarantee profits, hence deciding if a wallet should be mirrored (copy-traded) requires careful analysis and strategy, which we going to dig deeper into.
OdinBot's Trading Speeds for pump.fun
Before we go into detail about the parameters of each wallet, we will explain the different speed tiers of the OdinBot.
As you can see in the picture, Odin bot currently has 3 speed tiers: Standard, Turbo and Godlike, but when to use each one?
- Standard: Best for calm market conditions when time isn’t critical. Use this for tokens with minimal price volatility where your mirror wallet’s trades won’t cause significant price impact. This tier offers reliable execution at lower costs.
- Turbo: The optimal balance of speed and cost, executing trades within 1-2 seconds. It can front-run target wallets and works well for actively traded tokens where price impacts are moderate. This is the recommended tier for most trading situations.
- Godly: The premium tier, designed for high-impact scenarios. Essential when copying heavily followed wallets where price movements are dramatic and instant. While overkill for most situations, it’s crucial when competing with multiple copytraders or tracking wallets that consistently cause large price swings.
Pump.fun Wallet analysis
Before deciding whether to copy a wallet who trades pump.fun tokens, there are many parameters to consider:
- Win rate & ROI
- Traded tokens’ quality & Buy Sizes
- Trading Frequency
- Whether it is being copy traded by others
Win Rate & ROI
Winrate can be misleading when evaluating trading wallets. While it might seem like a straightforward success metric, experienced traders sometimes deliberately take small losses to discourage copycats, making their performance appear worse than it actually is.
To understand why winrate alone isn’t reliable, consider a real trading scenario: A trader invests $100 in each of ten different tokens. They sell half of this at a $50 loss each, resulting in $250 in total losses. However, their winning trades are much more substantial: They sell the remaining five tokens for $300 each, generating $1,500 in revenue. Despite showing a seemingly mediocre 50% winrate, this trader has actually secured a significant $1,250 profit.
This example demonstrates why examining the complete picture, including trade sizes, profit/loss ratios, and overall portfolio performance – provides a more accurate assessment of a trader’s success than winrate alone.
Looking at this wallet’s 30-day performance, we see another example where winrate doesn’t tell the full story. With a 45.69% winrate, the wallet generated $2,036.07 in profit (36.34% return).
Recent trades show this pattern clearly: RIP and PIZZAGUY brought in substantial gains of $723.76 (153%) and $456.85 (193.3%) respectively, while losses stayed minimal: RUY1 lost only $7.35 (-16.3%) and CC lost $1.58 (-3.7%). The larger profitable trades more than compensate for the more frequent but smaller losses.
This trading pattern, generating a 35.79% return over 30 days, reinforces why examining total profit/loss ratios is more revealing than winrate alone.
Traded Token's Quality & Buy Sizes
Trading meme coins on Pump.fun comes with significant risks due to their low liquidity structure. Here’s why:
The initial setup of these tokens starts with minimal liquidity and a small market cap (around $5,000). This means any trading activity can significantly impact on the price: When someone buys, the price rises sharply, and when they sell, it drops dramatically.
This creates a particular challenge for copy traders. Even though Odin bot attempts to front-run trades, copy traders typically execute after their target wallet. This delay means:
- When buying: You’ll likely pay a higher price than the wallet you’re copying
- When selling: You’ll receive a lower price than your target wallet
As a result, while the original wallet might show a profit, copy traders could face reduced profits or even losses on the same trades due to these price impacts and timing differences.
The vast majority of Pump.fun tokens face a critical challenge: they never surpass a $10,000-$15,000 market cap threshold and eventually become inactive due to lack of trading interest. This creates a significant risk for copytraders, making it crucial to focus on wallets that target tokens already above (or near) this threshold.
Low-cap tokens are extremely susceptible to price impact – even small trades can cause dramatic price swings due to limited liquidity. This creates a challenging dynamic in copytrading: when the original wallet makes a purchase at $100, their buy order might push the price up 20%, forcing copytraders to enter at $120. Later, when the original wallet sells at $150, the price could immediately drop to $130 before copytraders can execute their exit.
This is why targeting tokens with higher market caps is essential: They have more liquidity to absorb trading activity, reducing these adverse price impacts and improving the likelihood of successful copytrading.
It is also worth noting that wallets that risky pump.fun tokens will have the danger sign next to them, meaning that they were very quick pumps & dumps (not copy tradable 99% of the time due to their price impact). Therefore, it is highly recommended to skip wallets that have a big amount of “Danger” tokens traded.
Looking at the trading chart and transaction data, we can see why market cap matters for price impact. The target wallet bought “Disney Cat” token when its market cap was around $48,000, noticeably above the critical $10,000-$15,000 threshold. At this higher market cap, their 1 SOL purchase (and sale) caused minimal price movement.
The transaction history shows they bought at $0.0483, and the chart demonstrates little price volatility around this entry point. This stability at higher market caps means copytraders using Odin bot would likely execute trades at very similar prices to the original wallet, minimizing the slippage issues common with lower-cap tokens.
When it comes to Odin bot’s settings, two main ones come into play: Degen Mode & pump.fun slippage.
Even thought both settings must be configured based on your trading style, it is highly recommended to keep Degen Mode disabled to avoid copy-trading very risky pump.fun tokens bought by the target wallet thanks to Odin’s built-in security features.
Slippage tolerance in Pump.fun token trading varies based on the token’s bonding curve stage and market conditions:
- Early Stage (Near 0% Bonding Curve): Price impacts are larger, requiring higher slippage settings (above 10%) to execute trades successfully, though this carries increased risk.
- Later Stage (Near Complete Bonding Curve): Price impacts decrease, allowing for lower slippage settings (5-10%) with higher success rates.
Odin Bot handles slippage differently than traditional platforms due to the tokens’ high volatility. Instead of using the current market price, it calculates slippage based on the mirror wallet’s execution price:
For example: If your mirror wallet buys at $10 and you set 50% slippage, Odin Bot sets a maximum buy price of $15. Your trade executes only if the price stays below this threshold: Buying at $13 would succeed, while $16 would cancel the trade.
If a transaction fails due to an insufficient slippage settlement, the following error will be seen in Solscan.
If you want to learn more about how pump.fun slippage works, please refer to Odin’s documentation.
For traders willing to take on higher risk with low-cap tokens, you can optimize your Odin Bot settings for more aggressive trading. By disabling degen mode and adjusting two key parameters:
- Slippage: Set to approximately 25% (higher than standard, even though the default value is 50%) to accommodate larger price swings.
- Buy Tip: Add a 1% fee to prioritize your transaction (e.g., 0.01 SOL tip when buying 1 SOL worth).
These settings help ensure your trades execute quickly despite high volatility, particularly with tokens that have low liquidity or small market caps. The buy tip effectively “pays for priority,” increasing the likelihood your transaction processes before significant price movement occurs.
Finally, it is worth remembering that the larger the buy size of your mirror wallet, the greater the impact on the price and therefore the greater the slippage must be for the trade to be executed.
Trading Frequency
Trading frequency and risk assessment are important secondary metrics when evaluating wallets to copy. Wallets focused on Pump.fun trading typically execute numerous trades daily, with many resulting in losses due to the platform’s inherently speculative nature.
A crucial red flag is wallets that frequently trade tokens marked with danger signs. These tokens pose significantly higher risks, and it’s recommended to avoid wallets that regularly engage with them, regardless of their profit metrics. While high trading frequency isn’t automatically negative, it often correlates with riskier trading behavior and increased exposure to dangerous tokens on Pump.fun.
Think of it as a quality over quantity approach – fewer, more selective trades often indicate better risk management than numerous high-risk transactions.
For instance, the following wallets can be taken as an example of not copy-tradeable:
- BeyDWcMpaVN9EX7Ezr46PUy93gjCMw5WcXWzuTo64tr2
- H4Ddgnv9hgFyWoB7rT3MUd1n9RuV7ZjKe1ffghBJ87u8
- 8qcu6FfKqKLfJxYbDPLwi53o9Lu96bUtVnGkcX1zbm5Y
Already Copytraded Wallets
One common mistake in copytrading is focusing solely on a wallet’s profit numbers without considering other crucial factors. The screenshot shows various trades with significant profits (like COKE +707.4% and ZTC +680.2%), which might tempt traders to copy blindly.
As a copytrader, you’ll always execute trades after the target wallet, leading to reduced profits due to three main factors:
- Token’s liquidity
- Price volatility
- Competition from other copytraders
One way to identify heavily copytraded wallets is analyzing their win rate pattern. When many people copytrading the same wallet, any purchase causes an immediate price spike, artificially inflating the success rate.
The most reliable method to detect copytraded wallets is examining the 1-second candles after their purchases (and sales).
As can be seen in the latest image, after the target wallet bought the token, an 18% price pump occurred within 2 seconds, indicating that this wallet is being potentially copy-traded.
Once again, this kind of big price impact only happens on low market cap and liquidity tokens (especially on pump.fun). Therefore, it is highly recommended to avoid copying wallets that are already being copy-traded by many other people.
Note: If you want to learn more about how to identify already copytraded wallets, please refer to our detailed blog post.
Closing Thoughts
While Pump.fun token trading presents substantial risks, understanding key market dynamics can lead to successful copytrading. The platform’s inherent volatility stems from low initial liquidity pools (typically around $5,000 market cap), where even modest trades can trigger dramatic price swings. Most tokens fail to surpass critical thresholds and ultimately collapse, making careful wallet selection crucial.
However, profitable copytrading is achievable by implementing strict criteria and risk management:
- Target tokens with established market caps above $10,000-$15,000, reducing adverse price impacts
- Analyze wallet performance beyond simple win rates, focusing on sustainable profit patterns and risk control
- Monitor for signs of excessive copytrading through price action analysis, avoiding wallets showing immediate post-trade spikes
- Maintain appropriate slippage settings based on market conditions and token maturity
- Prioritize quality trades over quantity, avoiding wallets frequently trading high-risk or “danger” marked tokens
Success in this market requires balancing opportunity with disciplined execution. Understanding that consistent, measured trades typically outperform aggressive strategies chasing volatile pumps. By carefully considering these factors and maintaining strict risk management, traders can navigate Pump.fun’s challenges while minimizing exposure to common pitfalls.
