Pump.Fun Meme硬幣發射器系統資助的狙擊錢包購買自己的硬幣，影響了15,000個令牌發射

根據Pine Analytics的一份新報告，泵的代幣部署有系統地資助的狙擊錢包購買自己的模因硬幣。這影響了15,000多個令牌發布。

A new report from Pine Analytics has revealed that token deployers on Pump.fun are systematically funding sniper wallets to buy their own meme coins, impacting over 15,000 token launches on the platform.

Pine Analytics的一份新報告顯示，泵的令牌部署者是系統地資助狙擊錢包來購買自己的模因硬幣，影響了平台上的15,000多個令牌發射。

These sniper wallets, which operate primarily during US trading hours, execute standardized, profitable strategies and have an extremely high success rate. Unrelated bot activity serves to obscure the behavior of these wallets, which can readily adapt to new countermeasures.

這些狙擊錢包主要在美國交易時間內運行，執行標準化，有利可圖的策略，並具有很高的成功率。無關的機器人活動掩蓋了這些錢包的行為，可以很容易地適應新的對策。

As one of the most popular meme coin launchpads on Solana, Pump.fun has remained a hot topic of discussion despite persistent controversies and other criticism.

作為Solana上最受歡迎的模因硬幣發射台之一，儘管存在持續的爭議和其他批評，但pump.fun仍然是討論的熱門話題。

However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.

但是，Pine Analytics的新報告發現了一個新的爭議，發現了該平台上的系統性市場操縱。這些狙擊中的所有發射活動中的1.75％。

“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.

“我們的分析表明，這種策略並不罕見或邊緣 - 僅在過去的一個月中，通過這種方法提取了15,000多個實現的利潤，涉及15,000多個涉及4,600多個狙擊錢包和10,400多個部署者。這些錢包表現出異常高的成功率（狙擊的87％是可有利的），清潔的exits和結構性的操作性索賠。

Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.

泵的索拉納模因硬幣部署者。 FUN遵循一致的模式。他們為一個或多個狙擊錢包提供資金，並向他們提前通知即將發布的令牌發布會。

Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.

這些錢包在第一個街區購買代幣，然後幾乎立即清算，在五分鐘內，只有一個或兩個交換事件中的90％。

Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.

Pump.Fun Meme Coin開發人員利用這種策略來創造對其令牌的直接需求。散戶投資者不知道先前的賣出，經常在狙擊之後購買這些令牌，從而使開發商具有不公平的優勢。這構成了市場操縱並侵蝕了平台的信任。

Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.

Pine Analytics必須仔細校准其方法以識別真正的狙擊手。顯然，50％的模因硬幣在泵上發射。 FUN涉及狙擊，但其中大多數可能是使用“噴霧和祈禱”方法的機器人。

However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.

但是，通過過濾狙擊手沒有與開發人員錢包的直接鏈接的狙擊手，該公司錯過了通過代理和燃燒器覆蓋其軌道的項目。

In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.

換句話說，模因硬幣社區沒有足夠的防禦能力來防止對泵的系統濫用。該平台有幾種可能的方法可以標記重複的罪犯和粗略的項目，但是自適應對策可能會擊敗它們。這個問題需要持續和主動的行動。

Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic on Pump.fun that it would only stop if the platform really wanted it to.

不幸的是，制定此類政策可能很難。模因硬幣狙擊在泵上是如此的系統性，以至於只有在平台真正想要它的情況下，它才會停止。

Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.

分析人士認為，建立一種鏈接文化，使透明度對提取是最佳的長期解決方案。這樣的轉變將是真正的地震，而模因硬幣部門可能無法生存。