What Is Pump.fun? The Solana Meme Coin Factory

In September 2024, Solana-based protocol Pump.enjoyable turned the quickest rising crypto app in historical past, surging to $100 million in income in report time. It’scontinued to develop, taking in additional than $780 million in income, finishing a $600 million preliminary coin providing, and creating greater than 11.9 million tokens.

The meme coin launchpad has birthed among the greatest memes, viral metas, and harmful moments in crypto historical past, together with the ridiculous Fartcoin, a slew of movie star tokens, and a developer setting himself on fireplace.

Some have criticized the platform for oversaturating the meme coin market, whereas others have hailed it as the first driver behind meme coin mania.

So simply what’s Pump.enjoyable? Learn on to learn how the meme coin launchpad works.

What’s Pump.enjoyable?

Created by co-founders Alon Cohen, Dylan Kerler, and Noah Tweedale in January 2024, Pump.enjoyable is a protocol that permits anybody to create a token in minutes free of charge. To this point, it has launched over 11.9 million tokens, and been chargeable for as much as 71 % of every day token launches on Solana.

Considered one of Pump.enjoyable’s most controversial options is its built-in stay streaming perform. Its addition got here after a wave of meme coin builders streamed on Kick and Telegram as they carried out humorous, bizarre, and downright harmful stunts to pump their tokens. The native function resulted in a wave of polarizing streams, and was disabled for a time over security fears.

Extra not too long ago, Pump.enjoyable has invested extra money and time into livestreaming by funding huge streamer initiatives and paying customers to submit viral clips of their favourite creators. Pump.enjoyable has publicly said that the challenge plans to “kill Fb, TikTok, and Twitch,” a transparent signal it’s leaning into its social facet.

Since launch, it has fended off rival protocols that additionally enable customers to launch tokens for reasonable. Gamers like DEX Screener’s Moonshot, Twitter-based Makenowmeme, and Justin Solar-endorsed SunPump—all of which tried and did not topple Pump.enjoyable from its throne for any important interval.

The newest challenger is LetsBonk, which flipped Pump.enjoyable in every day created tokens in July 2025 and is combating neck-and-neck for market share on the time of publication.

In July 2025, Pump.enjoyable raised $600 million by way of an preliminary coin providing and launched its token days later. On the time of writing, PUMP is sitting at a $1.6 billion market cap and is the eightieth largest cryptocurrency, in response to CoinGecko knowledge.

How do you create a token on Pump.enjoyable?

All customers must do to create a meme coin on Pump.enjoyable is fill in a brief kind.

The positioning requires you to enter a token identify, ticker, description, and fix a photograph, then click on “create coin.” It truly is that easy. Token creators may select so as to add a Twitter, Telegram, and web site hyperlink, however that is solely elective.

Beforehand, the location required creators to pay 0.02 SOL ($2.50 as of this writing), however in August 2024, the protocol eliminated this barrier making it fully free to launch tokens. In truth, now you’re rewarded with 0.5 SOL (roughly $95) when you create a token that completes its “bonding curve.”

What’s a bonding curve? As soon as a token is created, its bonding curve will slowly fill because the market cap rises. As soon as the coin hits a pre-defined market cap, at present $66,000, it should graduate to be traded on Pump.fun-created decentralized change PumpSwap. On the change, 206,900,000 of the graduating token, in addition to 85 SOL—roughly $14,000 on the time of writing—will probably be added to the liquidity pool.

Pump.enjoyable considerably lowered the barrier for token creation, which beforehand required would-be devs to amass some programming chops and lift capital both by way of pals or a pre-sale.

Which meme cash have been created on Pump.enjoyable?

Among the largest meme cash of the previous couple of years have originated on Pump.enjoyable, together with Fartcoin, Peanut the Squirrel, Moo Deng, Chill Man, and lots of extra. That’s not forgetting the unique memes that helped push the platform ahead, equivalent to Billy, Michi, and Shark Cat, or the next wave of FWOG, Smoking Rooster Fish, and Reddit Canine.

It has additionally been the house of numerous tokens launched by celebrities, embrace Iggy Azalea’s MOTHER token, the Andrew Tate-endorsed DADDY, and Jason Derulo’s JASON. It has additionally spawned numerous tokens following hacks of celebrities and companies together with Kylian Mbappe, Metallica, and McDonalds.

Then, after all, there may be the lengthy line of contentious livestream tokens. Whereas some are healthful makes an attempt at revolutionizing the creator financial system, the primary token to seize the {industry}’s consideration featured a boy and his alleged mom, who suggestively bounced her breasts on digital camera. This induced a tidal wave of latest streaming tokens to comply with, together with a “Crack Head Dev” who took a concoction of medicine earlier than he seemingly handed out and faked his personal loss of life—earlier than he pivoted to creating racist content material.

Most notoriously, one developer named Mikol doused himself in isopropyl alcohol and had fireworks shot at him to pump his token. After being hit numerous occasions, he went up in flames and was rushed to hospital with third diploma burns throughout 30% of his physique.

Extra not too long ago, the livestreaming function has matured with groups taking larger and safer swings. For instance, Basedd Home is a social media-based actuality TV present during which its contestants all stay in a frat-like crib, competing to pump their cash to remain on the present. The challenge’s creator SolJakey informed Decrypt that the challenge was sponsored by Pump.enjoyable, which offered the crew with a price range to fund the whole idea.

The PUMP token

In July, Pump.enjoyable raised $600 million by way of an enormous public sale for its PUMP token. Two days later, the token launched and debuted because the 63rd largest cryptocurrency with a close to $2 billion market capitalization.

From its 1 trillion token provide, 33% had been bought by way of the preliminary coin providing, 13% got to present buyers, and 20% to the Pump.enjoyable crew—which now exceeds 70 staff.

Within the token announcement, Pump.enjoyable confirmed that an airdrop is “coming quickly.” In keeping with the tokenomics, 24% of the provision is allotted for “Group & Ecosystem Initiatives” and three% for “Livestreaming,” resulting in industry-wide hypothesis {that a} large token airdrop for merchants, deployers, and streamers is on the playing cards.

On the time of writing, there is no such thing as a confirmed date for an airdrop.

Days after the token launch, Pump.enjoyable began to purchase again its personal token with greater than $19 million. In consequence, PUMP jumped 18% over 24 hours because it closed in on BONK—the meme coin related to rival launchpad LetsBonk.

The way forward for Pump.enjoyable

On the time of writing, Pump.enjoyable is battling yet one more problem from a rival token launchpad, LetsBonk—however this isn’t its first rodeo.

As per co-founder Cohen, going ahead Pump.enjoyable is trying to enhance the “high quality, sustainability, and variety” of cash created on the platform, double down on its social parts, enhance the consumer expertise, and develop its crew.

“On-chain buying and selling is a deeply social sport the place gamers use the infinite playground of social media to win, whether or not by cooperating or by gaining an edge over one another,” he mentioned. “Something that leans into these dynamics makes the sport higher, and it’s why we’re deeply invested in it.”

Shortly after that assertion, Pump.enjoyable introduced the acquisition of KOL Scan, a pockets tracker. Cohen added that extra acquisitions are within the pipeline.

This text was first printed in September 2024 and up to date in July 2025.