{{Short description|Solana token creation platform}} {{Lowercase title}} {{Use mdy dates|date=February 2025}} {{infobox website | name = pump.fun | logo = Pump fun logo.png | logo_size = 100px | screenshot = | type = Cryptocurrency exchange | language = English | founded = | creator = Noah Tweedale, Alon Cohen, Dylan Kerler | industry = Cryptocurrency | url = https://pump.fun | commercial = Yes | registration = A Solana wallet is required to interact with the platform | launch_date = {{start date and age|2024|1|19}} | current_status = Active }}
'''pump.fun''' (commonly referred to as '''Pump''') is a cryptocurrency launchpad for the Solana blockchain that enables users to create tokens and trade them immediately on the platform, as well as to launch them onto decentralized exchanges, a process known as "graduation". The platform was launched on January 19, 2024, by Noah Tweedale, Alon Cohen and Dylan Kerler.<ref name="wired_rise"></ref><ref name="launch_tweet" /><ref name="gizmodo1" />
As of January 2025, over 6 million meme coins had been launched on the platform according to ''Wired'' and it is one of the fastest-growing crypto applications ever according to some metrics by ''Ars Technica''.<ref name=":2">{{Cite magazine |last=Khalili |first=Joel |title=They Went After the Hawk Tuah Crypto Promoters. Now They're Suing Pump.Fun |url=https://www.wired.com/story/lawyers-hawk-tuah-crypto-promoters-suing-pumpfun/ |access-date=January 29, 2025 |magazine=Wired |language=en-US |issn=1059-1028 |archive-date=January 29, 2025 |archive-url=https://web.archive.org/web/20250129035644/https://www.wired.com/story/lawyers-hawk-tuah-crypto-promoters-suing-pumpfun/ |url-status=live }}</ref><ref name="ars_teen" /> ''Bloomberg'' reported in June 2025 that pump.fun is ''"''one of the biggest drivers of the explosive growth in memecoins and the attendant burst in activity on the Solana blockchain in the past year."<ref name=":4">{{Cite news |last=Shen |first=Muyao |date=3 June 2025 |title=Memecoin Platform Pump.Fun Plans $1 Billion Raise via Token Sale |url=https://www.bloomberg.com/news/articles/2025-06-03/solana-based-memecoin-platform-pump-fun-plans-1-billion-raise-via-token-sale |work=Bloomberg}}</ref> In Q1 2026, pump.fun's decentralized exchange volume exceeded $2 billion, signaling a continued surge in Solana meme coin activity.<ref>{{cite web |title=Are Solana Meme Coins Making a Strong Return in Q1 2026? |url=https://beincrypto.com/pump-funs-dex-volume-hits-a-new-ath/ |website=BeInCrypto |date=2026 |access-date=2026-03-20}}</ref>
The site has been described as the "ground zero" for launching meme coins, with users able to instantly create coins for free.<ref>{{Cite web |date=December 17, 2024 |title=Memecoins like Fartcoin are riding Trump's victory to huge valuations. Experts say it may have only begun. |url=https://www.nbcnews.com/business/personal-finance/memecoins-what-are-they-why-are-they-popular-cryptocurrency-rcna184223 |access-date=February 19, 2025 |website=NBC News |language=en |archive-date=February 17, 2025 |archive-url=https://web.archive.org/web/20250217034731/https://www.nbcnews.com/business/personal-finance/memecoins-what-are-they-why-are-they-popular-cryptocurrency-rcna184223 |url-status=live }}</ref> While any type of token can be created, the majority of tokens are classified as meme coins due to their lack of functionality outside of trading.<ref name=":1">{{Cite news |last=Yaffe-Bellany |first=David |date=July 27, 2024 |title=A Digital Coin Based on Baby Trump? Yup. |url=https://www.nytimes.com/2024/07/27/technology/memecoins-crypto-surge.html |access-date=February 19, 2025 |work=The New York Times |language=en-US |issn=0362-4331 |archive-date=February 10, 2025 |archive-url=https://web.archive.org/web/20250210190858/https://www.nytimes.com/2024/07/27/technology/memecoins-crypto-surge.html |url-status=live }}</ref> Created tokens face a high failure rate, with the vast majority of tokens failing to achieve the necessary traction and market capitalization to be listed on DeFi platforms such as Raydium.<ref name="wired_rise" />
Since its launch, pump has generated nearly $800 million in revenue.<ref name=":5">{{Cite web |last=Weiss |first=Ben |title=Popular crypto site Pump.fun raised $600 million in 12 minutes—a sign a notorious era is back |url=https://fortune.com/crypto/2025/07/18/pump-fun-memecoin-raise-ico-era-600-million-1-3-billion/ |access-date=2025-07-23 |website=Fortune Crypto |language=en |archive-date=July 25, 2025 |archive-url=https://web.archive.org/web/20250725105357/https://fortune.com/crypto/2025/07/18/pump-fun-memecoin-raise-ico-era-600-million-1-3-billion/ |url-status=live }}</ref> Its ICO in July 2025 raised $600 million in 12 minutes through a public sale as well as an additional $720 million in private sales, giving the company about $1.3 billion in cash.<ref name=":5" /><ref name=":6">{{Cite news |last=Shen |first=Muyao |date=12 July 2025 |title=Memecoin Platform Pump.fun Raises $600 Million Within 12 Minutes |url=https://www.bloomberg.com/news/articles/2025-07-12/memecoin-platform-pump-fun-raises-600-million-within-12-minutes |archive-date=August 26, 2025 |access-date=July 23, 2025 |archive-url=https://web.archive.org/web/20250826165345/https://www.bloomberg.com/news/articles/2025-07-12/memecoin-platform-pump-fun-raises-600-million-within-12-minutes |url-status=live }}</ref> $465.5 million of this was cashed out by pump into USDC in November 2025 as its token, PUMP, fell more than 25%.<ref>{{Cite web |date=2025-11-24 |title=Pump.Fun Cashes Out $436.5M USDC, Token Slumps 24% in 1W |url=https://cryptonews.com/news/pump-fun-cashes-out-436-5m-usdc-token-slumps-24-in-1-week/ |access-date=2026-05-04 |website=Cryptonews |language=en-US}}</ref>
The platform has been compared with social media platforms such as 4chan, as all accounts are identified either with their Solana wallet address or a nickname, as well as token listings being laid out similarly to an imageboard's catalog feature.<ref name="bloomberg4chan" />
The company is facing a sprawling class-action lawsuit with thousands of internal chats being reviewed by the court.<ref>{{Cite news |title=Whistleblower Drops 5,000+ Secret Chats in Pump.fun MEV Scandal — Lawsuit Intensifies |url=https://finance.yahoo.com/news/whistleblower-drops-5-000-secret-210125260.html |archive-url=http://web.archive.org/web/20251228094856/https://finance.yahoo.com/news/whistleblower-drops-5-000-secret-210125260.html |archive-date=2025-12-28 |access-date=2026-05-04 |work=Yahoo Finance |language=en-US}}</ref>
== History == The domain name was first registered on September 19, 2023,<ref name="godaddy" /> with the platform launching four months later on January 19, 2024.<ref name="launch_tweet" /><ref name=":1" /> The website was started by an anonymous developer known as Alon, tweeting that he wanted to make it "the most fun place on the internet".<ref name="gizmodo1" /> It was later revealed from public documents associated with the website that the owners were a trio of English entrepreneurs named Noah Tweedale, Alon Cohen and Dylan Kerler, who say they started the site due to their frustrations with trading memecoins and the risks of getting rug pulled.<ref name="wired_rise"></ref>
Pump.fun was estimated to have generated $60 million in transaction fees (a 1% cut of trades on the platform) in the first half of 2024, with over a million tokens having been created by July 2024.<ref name=":1" /><ref name="bloomberg4chan" />
The site launched a livestreaming feature in 2024 that allowed token developers to advertise their tokens to other users.<ref name="bloomberg_streams" /> Livestreams were used as a marketing tool for newly released tokens to stand out on the platform, as the constant influx of token creations on the platform can quickly make new coins become irrelevant.<ref name="wired_regulation" /> The feature became controversial not long after release, as a number of token creators began to partake in increasingly extreme actions to attract potential investors to their product.<ref name="bloomberg_streams" /><ref name="gizmodo1" /> Some streamers claimed to be live from within U.S. prisons, ran live sex shows or played games of Russian roulette.<ref name="bloomberg_streams" /> One streamer threatened to waterboard another person.<ref name="bloomberg_streams" />
In November 2024, "Gen Z Quant", a token made on the platform by a 13-year-old who publicized it through pump.fun's streaming service before dumping his holdings onto the market (roughly 5 percent of the total supply of the token) and abandoning the token after reaching a $1 million market cap, earning $50,000. This angered many of the platform's users, prompting the community to pump the token in revenge to an US$85 million market cap, as well as to dox the creator's name, home address and school.<ref name="ars_teen" /><ref name="pcgamer" /><ref name="wired_kid" /> By this point, the app was reported to have collected over $250 million in revenue.<ref name="ars_teen" />
The livestreaming feature was indefinitely suspended in November 2024 following major community backlash and attention from financial news organizations with Pump stating that it would be removed "for an indefinite time period until the moderation infrastructure is ready to deal with the heightened levels of activity".<ref name=":0">{{Cite magazine |last=Khalili |first=Joel |title=The Madcap Rise of Memecoin Factory Pump.Fun |url=https://www.wired.com/story/madcap-rise-of-memecoin-factory-pumpfun/ |access-date=February 15, 2025 |magazine=Wired |language=en-US |issn=1059-1028 |archive-date=February 15, 2025 |archive-url=https://web.archive.org/web/20250215032550/https://www.wired.com/story/madcap-rise-of-memecoin-factory-pumpfun/ |url-status=live }}</ref><ref name=":3">{{Cite web |last=Gault |first=Matthew |date=November 26, 2024 |title=Pump.fun Shuts Down Its Bonkers Live Streaming Service |url=https://gizmodo.com/pump-fun-shuts-down-its-bonkers-live-streaming-service-2000530104 |access-date=February 15, 2025 |website=Gizmodo |language=en-US |archive-date=January 19, 2025 |archive-url=https://web.archive.org/web/20250119094642/https://gizmodo.com/pump-fun-shuts-down-its-bonkers-live-streaming-service-2000530104 |url-status=live }}</ref> It was relaunched in April 2025.<ref>{{Cite tweet |number=1910718343348170954 |user=pumpdotfun |title=pump fun livestreaming has been rolled out to 100% of users with industry standard moderation systems in place and transparent guidelines: https://pump.fun/docs/livestream-moderation-policy |author=pump.fun |date=11 April 2025}}</ref>
In December 2024, the site banned all users from the United Kingdom, following a warning from the Financial Conduct Authority about operating in the country without proper authorization.<ref name="wired_rise" />
In January 2025, a lawsuit against pump.fun was filed in the Southern District of New York by an investor who lost money buying a token named "PNUT". The lawsuit claims that pump.fun operated as an unregistered securities exchange and put investors at a high financial risk.<ref name=":2" /><ref>{{Cite web |title=Carnahan v. Baton Corporation Ltd. |url=https://www.courtlistener.com/docket/69554149/1/carnahan-v-baton-corporation-ltd/ |access-date=January 29, 2025 |website=CourtListener |language=en |archive-date=January 18, 2025 |archive-url=https://web.archive.org/web/20250118140414/https://www.courtlistener.com/docket/69554149/1/carnahan-v-baton-corporation-ltd/ |url-status=live }}</ref>
In June 2025, it was reported that pump.fun is exploring a token offerings which could raise as much as $1 billion making it one of the largest ever on Solana.<ref name=":4" /><ref>{{Cite web |last= |date=2025-06-05 |title=Best Solana Presales to Buy as Pump.fun Launches ICO |url=https://moderndiplomacy.eu/2025/06/05/best-solana-presales-to-buy-as-pump-fun-launches-ico/ |access-date=2025-07-10 |website=Modern Diplomacy |language=en-US |archive-date=January 17, 2026 |archive-url=https://archive.today/20260117234719/https://moderndiplomacy.eu/2025/06/05/best-solana-presales-to-buy-as-pump-fun-launches-ico/ |url-status=live }}</ref> At the time, Axios reported that "Pump has been the big success story of the last couple years, offering a quick and easy way for anyone to take a stab at meme coin millions."<ref name=":7">{{Cite web |last=Dale |first=Brady |date=2025-07-10 |title=Pump.fun token launch |url=https://www.axios.com/2025/07/10/pump-fun-token-launch-crypto |access-date=2025-07-23 |website=Axios |language=en |archive-date=July 11, 2025 |archive-url=https://web.archive.org/web/20250711213416/https://www.axios.com/2025/07/10/pump-fun-token-launch-crypto |url-status=live }}</ref> The offering went ahead on July 12, 2025 raising $1.3 billion for the company between $600 million in a public sale and $700 million in a private sale.<ref name=":6" /><ref name=":5" /><ref name=":7" />
==Functionality== The site allows instant creation of memecoins by uploading an image along with picking a ticker and a name for less than $2 in fees.<ref name="bloomberg4chan" /> Pump earns a 1% "swap fee" on all tokens traded and 1.5 Solana tokens when a coin created on the site is listed, or "graduates", after hitting a market cap of $90,000.<ref>{{Cite web |last=Bambysheva |first=Nina |date=2024-11-14 |title=Inside the wild money machine fuelling crypto's stupidest bubble |url=https://www.forbes.com.au/news/investing/meme-coins-explained-inside-cryptos-stupidest-bubble/ |access-date=2025-02-20 |website=Forbes Australia |language=en-US |archive-date=February 10, 2025 |archive-url=https://web.archive.org/web/20250210151414/https://www.forbes.com.au/news/investing/meme-coins-explained-inside-cryptos-stupidest-bubble/ |url-status=live }}</ref>
According to ''Bloomberg'', "new tokens on Pump.fun are created through a so-called fair launch method, where all tokens are minted at once without presales, often at a fraction of a cent."<ref name="bloomberg4chan" /> However, the app remains susceptible to "soft rug pulls{{sic}}".<ref name="ars_teen" /> Its creators have stated that soft rugpulls are difficult to prevent through technical means; and that they instead give users access to information about a coin's legitimacy, including the percentage of a token owned by the largest holders, to assess risk.<ref name="ars_teen" />
==Notable tokens launched on Pump== Pump has functioned as the launchpad for many notable meme coins. Fartcoin, which briefly hit a $1 billion valuation as part of a sudden rise in meme coins due to the recent $Trump meme coin launch (which was released on the Solana blockchain, but was not launched through Pump), is a popular token created on the platform.<ref>{{Cite web |last=McGrath |first=Catherine |title=Ew: Fartcoin hits $1 billion market cap as memecoin market explodes |url=https://fortune.com/crypto/2024/12/19/fartcoin-1-billion-market-cap-memecoin-market-explodes/ |access-date=2025-03-04 |website=Fortune Crypto |language=en |archive-date=March 30, 2025 |archive-url=https://web.archive.org/web/20250330042141/https://fortune.com/crypto/2024/12/19/fartcoin-1-billion-market-cap-memecoin-market-explodes/ |url-status=live }}</ref> Celebrities including Iggy Azalea, Caitlyn Jenner and Jason Derulo have released authorized meme coins on the platform.<ref name="wired_rise" /><ref name=":42">{{Cite web |last=Kushner |first=David |title=How a shady hustler in Dubai turned celebrity meme coins into a crypto grift |url=https://www.businessinsider.com/celebrity-meme-coins-crypto-scam-trump-jason-derulo-caitlyn-jenner-2025-2 |access-date=2025-03-04 |website=Business Insider |language=en-US |archive-date=March 18, 2025 |archive-url=https://web.archive.org/web/20250318083008/https://www.businessinsider.com/celebrity-meme-coins-crypto-scam-trump-jason-derulo-caitlyn-jenner-2025-2 |url-status=live }}</ref>
== References ==
<references>
<ref name="godaddy">{{cite web |title=WHOIS search results |url=https://www.godaddy.com/whois/results.aspx?itc=dlp_domain_whois&domain=pump.fun |access-date=December 23, 2024 |website=www.godaddy.com}}</ref> <ref name="wired_regulation">{{Cite magazine |title=Memecoins and Cryptocurrency Regulation |url=https://www.wired.com/story/memecoins-cryptocurrency-regulation/ |access-date=December 26, 2024 |magazine=Wired |language=en-US |last1=Khalili |first1=Joel |archive-date=January 6, 2025 |archive-url=https://web.archive.org/web/20250106123701/https://www.wired.com/story/memecoins-cryptocurrency-regulation/ |url-status=live }}</ref> <ref name="launch_tweet">{{cite tweet |number=1748394672588800506 |user=pumpdotfun |title=Launch a coin and begin trading it in under 1 minute without having to seed liquidity for a cost of < $2 |date=January 19, 2024}}</ref>
<ref name="gizmodo1">{{Cite web |last=Gault |first=Matthew |date=November 25, 2024 |title=Pump.fun Is All of the Internet's Worst Impulses on One Site |url=https://gizmodo.com/pump-fun-is-all-of-the-internets-worst-impulses-on-one-site-2000529483 |access-date=December 26, 2024 |website=Gizmodo |language=en-US |archive-date=December 9, 2024 |archive-url=https://web.archive.org/web/20241209190804/https://gizmodo.com/pump-fun-is-all-of-the-internets-worst-impulses-on-one-site-2000529483 |url-status=live }}</ref> <ref name="bloomberg4chan">{{Cite web |last=Shen |first=Muyao |date=July 12, 2024 |title=Pump.fun, Crypto's '4chan,' Attracts Iggy Azalea and 1 Million Memecoins |url=https://www.bloomberg.com/news/articles/2024-07-12/pump-fun-crypto-s-4chan-attracts-iggy-azalea-and-one-million-memecoins |access-date=December 26, 2024 |website=www.bloomberg.com |archive-date=July 13, 2024 |archive-url=https://web.archive.org/web/20240713042917/https://www.bloomberg.com/news/articles/2024-07-12/pump-fun-crypto-s-4chan-attracts-iggy-azalea-and-one-million-memecoins |url-status=live }}</ref> <ref name="bloomberg_streams">{{Cite web |last=Nicolle |first=Emily |date=November 26, 2024 |title=Pump.fun's Streams Show the Dark Side of Memecoin Trading |url=https://www.bloomberg.com/news/newsletters/2024-11-26/pump-fun-s-streams-show-the-dark-side-of-memecoin-trading |access-date=December 26, 2024 |website=Bloomberg}}</ref> <ref name="ars_teen">{{Cite web |last=WIRED |date=December 7, 2024 |title=Teen creates memecoin, dumps it, earns $50,000 |url=https://arstechnica.com/tech-policy/2024/12/teen-creates-memecoin-dumps-it-and-earns-50000/ |access-date=December 26, 2024 |website=Ars Technica |language=en-US |archive-date=December 25, 2024 |archive-url=https://web.archive.org/web/20241225221204/https://arstechnica.com/tech-policy/2024/12/teen-creates-memecoin-dumps-it-and-earns-50000/ |url-status=live }}</ref> <ref name="pcgamer">{{Cite news |author1=Katie Wickens |date=December 11, 2024 |title=13-year-old that made a killing creating a crypto and then dumping it gets 'revenge pumped', family doxxed, and even dognapping rumours emerge |url=https://www.pcgamer.com/hardware/13-year-old-that-made-a-killing-creating-a-crypto-and-then-dumping-it-gets-revenge-pumped-family-doxxed-and-even-dognapping-rumours-emerge/ |access-date=December 26, 2024 |work=PC Gamer |language=en}}</ref> <ref name="wired_kid">{{Cite magazine |last=Khalili |first=Joel |title=A Kid Made $50,000 Dumping Crypto He'd Created. Then Came the Backlash |url=https://www.wired.com/story/memecoin-kid-backlash/ |access-date=December 26, 2024 |magazine=Wired |language=en-US |issn=1059-1028 |archive-date=December 27, 2024 |archive-url=https://web.archive.org/web/20241227034836/https://www.wired.com/story/memecoin-kid-backlash/ |url-status=live }}</ref> <ref name="wired_rise">{{cite magazine |url=https://www.wired.com/story/madcap-rise-of-memecoin-factory-pumpfun/ |title=The Madcap Rise of the Memecoin Factory Pump.fun |magazine=Wired |date=January 15, 2024 |access-date=February 16, 2025 |archive-date=February 15, 2025 |archive-url=https://web.archive.org/web/20250215041326/https://www.wired.com/story/madcap-rise-of-memecoin-factory-pumpfun/ |url-status=live }}</ref>
</references>
== External links == * {{official website|https://pump.fun}}
Category:Internet memes Category:Meme coins Category:Solana (blockchain platform)