Pump Fun paid $700K to callers shilling mostly tiny tokens

The average market cap of Pump Fun tokens shared by 80% of the firm’s top 50 callout reward earners was below $100,000, according to research from crypto analyst Dethective.

Pump Fun traders earn daily sums based on the amount of volume their publicly shared token advice attracts from other traders.

Dethective charted the top 50 callout reward earners, who raked in a total of almost $700,000.

Few users call out tokens that reach over $100K

There were only two callers with an average median market cap rate of over $1 million, and eight callers with an average median market cap rate between $100,000 and $1 million.

Read more: Pump Fun is firing staff and its company filings are overdue, report

Eighty percent of the earners shared tokens with an average market cap of less than $100,000, while 12 callers averaged a market cap of less than $10,000.

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