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# How a Pumpfun trading script makes one wallet look like many buyers
- URL: https://btcpeers.com/zostaff-pumpfun-pumpnuke-wallet-funding-volume/
- Published: 2026-11-10T14:32:45.000Z
- Updated: 2026-11-10T14:32:45.000Z
- Description: Researcher zostaff examined a script that funds several trading wallets from one address. Its code shows why a rising count of buyer addresses can overstate participation.
- Author: John Williams
- Tags: News

Solana researcher zostaff pointed to a weakness in Pumpfun activity charts on November 9\. A single operator can trade from several wallets and appear to be several buyers. The researcher used PUMPNUKE, an open-source trading script, to show where that impression can break down: the wallets may trace back to the same source of SOL.

> one funding graph and the whole "crowd" lights up as a single cluster.
> 
> — zostaff (@zostaff) [November 9, 2026](https://twitter.com/zostaff/status/2119806673325887677?ref=btcpeers.com) 

The [published wallet code](https://github.com/zostaff/PUMPNUKE/blob/86ac97d85da705a9230fa7e3591c975e1a883202/lib/wallet-pool.mjs?ref=btcpeers.com) generates fresh keypairs and, in live mode, sends SOL to each wallet from a single funding address. The same code can send leftover SOL back to that address. The trades can therefore come from distinct addresses even though their funding has a common origin. The repository also supports simulated runs. The code illustrates what the pattern would look like, and does not establish that it occurred in any particular market.

## What a funding graph can tell you

Trade volume measures how much changed hands. Counting distinct buying addresses adds another view, but an address count still cannot tell you how many people made the decisions. Solana’s [transaction history by address](https://solana.com/docs/rpc/http/getsignaturesforaddress?ref=btcpeers.com) gives analysts a way to look behind the swaps. A group of newly funded addresses that trade the same mint and later send funds to the same destination is worth examining as a group.

A common sender alone is weak evidence. An exchange can fund many unrelated customers from one wallet, and a project can distribute SOL to many independent users. The timing of the funding, the tokens traded and the destination of any remaining funds can help distinguish a cluster worth reviewing from a shared service. They still leave room for uncertainty about who controlled the keys.

For dashboards, a useful next step would be to show how many buying addresses share a recent funding source alongside the raw count. That gives readers a concrete place to look when high turnover and an expanding buyer count appear together.