A pump.fun deployer is the wallet that creates a new token on pump.fun's bonding-curve launchpad. At the time of this study MadeOnSol tracked 561,645 distinct deployer wallets across 1,353,664 total deployments with 25,560 bonded graduations to PumpSwap. The sitewide bond rate is 1.89 percent. That number is the single most useful data point in pump.fun trading — it tells you the realistic prior probability that any randomly chosen new token survives long enough to matter.
This article walks through how that dataset is built, how we rank deployers into tiers (elite, good, moderate, rising, cold, unranked), and what the data says about repeat ruggers, time-to-bond, and the wallets actually worth watching. All numbers are a snapshot of the deployers table at the time of writing; the index has since grown to 900K+ deployer wallets (75K+ reputation-scored) as new launches stream in from validator gRPC, so the live figures on the Deployer Hunter will be larger — the ratios have held.
You can browse the full dataset at the Pump.fun Deployer Hunter.
What is a pump.fun deployer?
A deployer is the wallet that pays for and signs the token-creation transaction on pump.fun. Once a token is created, its bonding curve fills as buyers come in, and at roughly 85 SOL of curve liquidity the token graduates ("bonds") onto PumpSwap, pump.fun's own AMM. A bonded token is the threshold at which a deployer's launch transitions from launchpad to a real tradeable market.
Three things matter about any deployer wallet:
- Bond rate. The percentage of their deployed tokens that reached bond. This is the closest analog to a "win rate" in the deployer world.
- Volume. How many tokens they have launched. A single bond at a hundred percent rate is meaningless; a hundred bonds at thirty percent is real.
- Recent behavior. A deployer who was elite in March can be cold in May. Past tier does not guarantee current tier.
The 561K dataset
Every deploy event on pump.fun fires a gRPC notification from validator nodes into the MadeOnSol indexing pipeline. We attribute each token to its signer wallet, increment that wallet's counters, and recompute its tier on every new launch. The full record on each deployer includes:
| Field | What it is |
|---|
total_tokens_deployed | Lifetime launches |
total_bonded | Lifetime bonded graduations |
bonding_rate | total_bonded / total_tokens_deployed |
recent_outcomes | Bitmap of the last ten launches (bond or fail) |
recent_bond_rate | Bond rate over those last ten launches |
avg_time_to_bond_minutes | Average minutes from deploy to bond |
fastest_bond_minutes | Their personal best |
best_token_peak_mc | Highest market cap any of their tokens ever reached |
avg_peak_mc | Average peak market cap across all their tokens |
tier | Classification: elite, good, moderate, rising, cold, or unranked |
last_deploy_at | Most recent launch time |
The data is recomputed every time a new deploy event lands, so the rankings reflect what the wallet is doing right now, not what it did six months ago.
The brutal math of pump.fun bond rates
The sitewide bond rate across the entire 1.35-million-token dataset is 1.89 percent. Most tokens never reach bond. Most deployer wallets have never bonded a single token — only 19,477 of 561,645 (3.5 percent) have bonded at least once.
That makes pump.fun a casino where ninety-six percent of the players never see a payout. The interesting question is: what does the three-and-a-half percent that does win look like?
The tier system
Every deployer is classified into one of six tiers based on lifetime volume, lifetime bond rate, and recent ten-launch bond rate. The thresholds are tuned so that the top tier captures real edge while the bottom tier captures bot farms.
| Tier | Wallets | Avg launches | Avg bond rate |
|---|
| elite | 38 | 10.9 | 73.4% |
| good | 183 | 8.2 | 56.7% |
| moderate | 2,752 | 4.9 | 29.3% |
| rising | 11,984 | 1.0 | 100.0% |
| cold | 21,718 | 44.0 | 0.5% |
| unranked | 524,970 | 0.7 | 0.2% |
Two things to flag:
The elite tier is tiny. Thirty-eight wallets. Out of more than half a million. The gap between their seventy-three-percent bond rate and the sitewide 1.89-percent baseline is a 39x edge — a randomly chosen elite-deployer launch is almost forty times more likely to bond than a randomly chosen pump.fun launch. That is the single highest-leverage filter in the entire pump.fun ecosystem.
The rising tier is a statistical artifact. Eleven thousand wallets with exactly one launch that bonded. They show one-hundred-percent bond rate because their sample size is one. Treat them as "interesting, watch the next launch" rather than as graduated proven deployers. Most rising wallets drift into cold within two months as their second and third launches fail.
The cold tier is where bot farms live. Forty-four average launches per wallet, 0.5 percent bond rate. These are deployers who keep trying, keep failing, and are running on autopilot.
Repeat ruggers: the long-tail
We define a repeat rugger as any wallet with at least ten lifetime deploys and zero bonds. There are 11,643 of them, with an average of 50.2 launches each. The top five by raw volume:
| Rank | Lifetime launches | Bonds |
|---|
| 1 | 4,674 | 0 |
| 2 | 3,382 | 0 |
| 3 | 2,482 | 0 |
| 4 | 2,388 | 0 |
| 5 | 2,189 | 0 |
The top wallet has deployed nearly five thousand tokens without ever producing a single bond. That is not a trader having a bad streak — that is a script running in a loop. The bond-rate floor of zero across thousands of attempts is the cleanest possible signal that the wallet is not actually trying to build successful tokens. It is generating volume for some other reason (token name farming, contract address farming, on-chain noise).
If a token is launched by a wallet on the repeat-rugger list, the prior probability that it bonds is effectively zero. Skip it.
The same bot-versus-human problem shows up on the buy side of the trade, not just the deploy side — see how the 952K-wallet alpha dataset filters bot-confidence from real trading signal for the equivalent scoring applied to wallets that buy tokens rather than launch them.
What real elite deployers look like
These are the top wallets in the dataset by best-ever peak market cap. Some are in the unranked tier because their volume is too low for our tier system to fully classify them — but the individual data points are still useful:
| Wallet | Tier | Launches | Bonds | Bond pct | Best peak MC (USD) | Fastest bond (min) |
|---|
94Hn…6Wqr | unranked | 56 | 7 | 12.5% | $539,832,690 | 0 |
55nP…2wB5 | unranked | 63 | 4 | 6.4% | $174,040,000 | 4 |
E2bc…gyY4 | cold | 20 | 2 | 10.0% | $173,860,000 | 27 |
Ew7G…w6Mm | cold | 18 | 4 | 22.2% | $172,858,227 | 1 |
ESoM…badV | moderate | 18 | 5 | 27.8% | $32,968,660 | — |
Notice the top wallet has launched fifty-six tokens with only a 12.5-percent bond rate but produced a token that peaked at five hundred forty million dollars. That is the pump.fun lottery in one row: high attempt count, mediocre bond rate, one transcendent winner. The other rows have lower peaks but cleaner bond rates and faster average bond times — the deployers behind them are more reliably hitting bond, just at lower ceiling.
The lesson: bond rate measures how often a deployer's tokens survive. Peak market cap measures how big their best one got. Different traits, different deployers, both worth tracking separately.
The five-minute window
When a token bonds, the time from deploy to bond tells you whether the launch was organic or coordinated. The distribution across deployers with at least one bond:
| Bucket | Wallets |
|---|
| 5 minutes or less | 5,131 |
| 6 to 30 minutes | 3,070 |
| 31 to 120 minutes | 1,511 |
| 2 to 12 hours | 1,253 |
| Over 12 hours | 2,319 |
Most bonds happen in the first five minutes. That is a critical fact for trading. By the time a bond shows up in a Twitter alert or a dashboard refresh, the actual bond event happened in the first three hundred seconds of the token's life. The window where the launch was visible-but-not-yet-bonded is tiny. If you want to trade pre-bond, the time pressure is brutal.
