pump.fun · one hop upstream
A wallet cannot mint
until somebody pays for it.
A Solana keypair is free to make and can do nothing at all until another wallet sends it lamports. Every coin on pump.fun therefore leaves one edge its creator cannot avoid — the payment that made the minting wallet capable of paying rent. OneHop follows that edge backwards for every launch it records.
reading the recording…
The collapse
Separate devs, one payer
The clock
How long a minting wallet exists before it mints
Measured from the transaction that funded the wallet to the first coin it created.
The thing everybody gets wrong
A shared payer is not a shared hand
Two wallets paid for by the same account are linked in the sense that scanners mean it, and that sense is nearly worthless: an exchange withdrawal desk funds thousands of strangers a day. What separates a desk from an operator is not how many wallets it paid — it is whether it paid them all the same amount. A desk sends whatever each customer asked for. Software sends the number it computed, to the lamport, every time.
Every payer that seeded two or more traced wallets. Horizontal: how many wallets it seeded. Vertical: the share of its payments carrying its single most common amount. Point size is the balance it currently holds. The largest circles sit along the bottom on their own: payers holding tens of thousands of SOL, using a different amount for almost every wallet. This site does not say who they are, only what they do.
The number depends on where you draw the line
So here is the whole line
Every "linked wallet" figure ever published rests on a threshold somebody picked. Move this one and watch the answer move with it. At the far left the rule is the naive one — same payer, same operator — and it counts every exchange customer as a launcher.
And on how long you watch
The other threshold nobody declares
A payer cannot look like one hand until you have watched it fund a second wallet. So the answer moves with the length of the recording — not because pump.fun changed, but because the observation did. This is the same failure that once gave a sibling site a 32-minute half-life that was really its own activity window, so here it is measured instead of ignored: the same cohort, cut to windows of different lengths, all ending at the same instant.
The fingerprint
The same number, from wallets that never touch
And the amounts come in families
Same fixed cost, different buy
A second opinion
Does the money agree with the metadata?
There is an entirely separate way to guess whether a coin was minted by software: look at where its metadata is hosted, because launcher products leave their own domain on it. That instrument can only see launchers it already knows, so it publishes a floor. This one cannot see anything about the software at all — only who paid. If the two agree on the coins where both can see, each is worth more.
What this cannot see