What is Pump.fun?

Pump.fun is the most popular token generator app for creating Solana meme coins. Founded in January 2024 by the anonymous developer "Alon," it has a no-code interface and charges 0 SOL to create a coin. Trading fees include 1% on bonding curve buys/sells and 0.015 SOL to graduate to the PumpSwap DEX.

On May 12, 2025, Pump.fun introduced a 0.05% revenue share for creators, allowing token founders to earn from all future trading activity, incentivizing post-launch trading and engagement. As of today, the platform has accumulated over $700 million in revenue from 21 million users across 11 million coins.

As regular crypto Twitter users, we’ve witnessed closely how Pump.fun became the hub for the celebrity coin mania. From the Iggy Azalea and Caitlyn Jenner tokens, the platform has hosted some of the most controversial launches, including meme coins like Fartcoin, which briefly hit a $2 billion market cap.

How to Make a Coin on Pump.fun

Making a coin on Pump.fun is surprisingly simple and takes no more than 3-5 minutes. We’ve walked through the entire process using the Pump.fun app to ensure it works smoothly from wallet connection to launch.

Follow these steps to launch your token as well:

1. Connect Phantom wallet to Pump.fun: Visit the Pump.fun app and connect your Phantom wallet to enable onchain interaction and coin creation.
2. Start a New Coin: Click the "create coin" button located at the bottom of the left navigation menu.
3. Choose a token name and Pump.fun ticker: Enter a name and select a unique ticker (3-6 characters); this will appear in the Pump.fun livestream and search.
4. Upload an image and description: Customize your coin’s branding with a profile image and a brief description shown on the token’s page.
5. Click 'Create Token': finalize launch: Once submitted, the bonding curve goes live instantly and your coin is now tradable on the Pump.fun portal.
6. Bump your tokens on Pump.fun: You can promote visibility by "bumping" your token with a new thread message or small purchases, increasing its presence in the trending sections.
7. Troubleshoot if Pump.fun could not create a coin: This error usually results from duplicate tickers or network congestion; the solution is simply to try again or refresh your wallet connection.

How Does Pump.fun Work?

Behind Pump.fun’s simple interface is a fully onchain system that automates everything from coin deployment to trading and migration. Here’s a breakdown of how the protocol functions under the hood:

• Token creation triggers on first buy: When a user creates a token through the app, it’s deployed to Solana, but the bonding curve only activates when someone makes the first purchase.
• Bonding curve: The protocol uses a linear bonding curve that increases the token price with each buy and lowers it with each sell; once the curve reaches $69K, the token becomes eligible for migration.
• Trading is handled on the platform: Users can buy and sell tokens directly through the Pump.fun app or its mobile interface, with all trades executed onchain via the bonding curve contract.
• Automatic migration to PumpSwap: Once a token’s curve is fully bought out, it graduates to PumpSwap, where it becomes tradable through a standard AMM model using pooled liquidity.
• Protocol-seeded liquidity: During migration, Pump.fun injects liquidity into the AMM using a portion of the coin’s SOL and token reserves, enabling continued trading without creator involvement.
• Developer and bot-friendly APIs: External tools and trading bots can tap into the Pump.fun API or use third-party RPC endpoints to monitor launches, track bonding curve data, and automate trades.

How to Buy Coins on Pump.fun

To buy a coin on Pump.fun, visit the site, connect your Solana wallet, and explore trending or newly launched tokens. Each token page shows a bonding curve chart, market cap, holder count, creator wallet, and a buy panel where you can set max slippage before confirming the trade.

Below that is a "thread" section where users post replies and discuss the coin. Before buying, most users check how far the curve has progressed, whether the creator has a large token allocation (or ideally burned it), and look for any signs of bot spam or low engagement.

Once you choose a coin to ape into, enter your SOL amount, approve the buy, and the tokens arrive in your wallet instantly. If a coin gains popularity, it will be listed on MEXC shortly after, giving traders access to more liquidity and leverage of up to 10x.

Does Pump.fun Have a Token?

Pump.fun does not currently have a native token, but plans for a $PUMP launch have been confirmed by the team. Reports suggest a presale is in motion, aiming to raise up to $1 billion at a $4 billion valuation, with early listings already appearing on platforms like Aevo.

The $PUMP token is expected to include governance rights, potential protocol fee sharing, and possibly an airdrop for early users. While the launch has generated major hype, we've noticed that some in the community have raised concerns about valuation and the impact on broader Solana meme coin liquidity.

Other Pump.fun Features

Beyond token creation, Pump.fun includes an integrated decentralized exchange, moderated livestream feature, and advanced trading panel for monitoring token launches and whale activity.

1. PumpSwap

PumpSwap launched in March 2025 as Pump.fun’s own AMM, replacing the previous reliance on Raydium. It uses a constant-product model with a 0.25% fee split (0.20% to LPs, 0.05% to the protocol) and supports instant, fee-free migration for fully bought-out tokens.

2. Livestream

Pump.fun reinstated its livestream feature to a limited user group after pausing them in late 2024 due to moderation challenges. The platform now enforces age restrictions (18+), bans categories like violent or exploitative content, and actively moderates chats to keep discussions within policy.

3. Pump.fun Advanced

Pump.fun Advanced is a data-rich dashboard that surfaces newly created coins, about-to-graduate tokens, and graduated coins in a sortable table format. It includes toggleable widgets for top traders, bubble maps, coin charts, dev token visibility, and wallet tracking; ideal for fast browsing, sniping, and pattern spotting.

Is Pump.fun Safe?

Pump.fun is safe in the technical sense: it's fully decentralized and non-custodial. But in practice, safety comes down to how you use it, so stick to a burner wallet, risk only what you’re comfortable losing, and avoid messing with tokens that could violate copyright, trademark, or other laws.

That said, here are the most common risks when creating or trading tokens on Pump.fun:

• Rug pulls by design: While the smart contracts don’t support minting after launch, devs can pre-allocate large supplies and dump. Always check the top holders chart.
• Snipers and bundlers: Automated bots can front-run buys, manipulate price entry, or distort the bonding curve, especially during early trades.
• Fake celebrity or copycat tokens: Anyone can name a token after a public figure or brand. Pump.fun doesn’t verify identities, so assume impersonation unless directly confirmed.
• Fake social links and thread spam: Token threads are often filled with misleading messages and fake links. Always verify off-platform and don’t trust the chat by default.
• Trademark and copyright violations: Using copyrighted characters or brand names can get your token delisted or banned under Pump.fun’s content policies.
• Smart contract quirks: While the protocol is stable, unexpected slippage, transaction delays, or stuck funds can still occur, particularly in high-volume moments.
• Hype-driven volatility: Many tokens spike from memes or influencer tweets. If you’re not early, odds are you’re someone else’s exit liquidity.

Is Pump.fun Dead?

Many of our newsletter readers have asked us whether Pump.fun is dead and the short answer is no, but the hype cycle has clearly cooled. Daily coin launches are down badly from their early 2025 peak, but Pump.fun still processes millions in trading volume and remains one of Solana’s top sources of onchain activity.

While over 81% of meme coins have crashed 90% or more from their ATHs, the protocol itself is far from abandoned. PumpSwap consistently ranks as the second-largest Solana DEX by volume, and the long-awaited $PUMP token is still expected later this year. Signs that the platform isn’t dying, just maturing.

Final Thoughts

Pump.fun opened a Pandora’s box. It sucked DeFi liquidity into Solana, supercharged an entire cycle, and tapped into something primal: the fantasy that a meme, a moment, or a clever ticker could turn into a million-dollar asset.

Whether you're launching your own coin or chasing the next 1000x, the real product is dopamine. And when the rush fades, what’s left isn’t just coins, it’s a new blueprint for how culture, speculation, and code collide on the blockchain.