Why do many people fail to make money when copying trades directly? Because what you see may only be paper profits. Don’t equate “wallet showing profit” with “this person actually made money.” After analyzing 3,170 trades on Pump that showed profits exceeding $100,000—totaling around $700 million— only about 26% were identified as legitimate profits from buying and selling. Approximately 51% came from selling tokens transferred from other wallets, 13% exhibited characteristics of suspected circular trading between related wallets, and another 10% could not be clearly categorized. ▶️ The numbers on profit leaderboards do not represent returns that ordinary traders can replicate. ▶️ Especially not through trade copying.