Pump.fun is a Solana-based memecoin creation platform that simplifies the token creation process, allowing users to launch their own memecoins without any technical knowledge.
Pump.fun allows users to create and launch their own tokens in a fair and fun way. No knowledge of smart contracts or liquidity deployment is required; tokens can be launched for as little as $2. It is the birthplace of many popular memecoins in the Solana ecosystem, including MOTHER, MOODENG, PNUT, GOAT, AI16z… and others.
About Pump.fun
Previously, creating a memecoin (or any other token) required a deep understanding of smart contracts, liquidity setup, and blockchain infrastructure. However, with Pump.fun, all of these complexities are handled automatically. Users simply select a token name, image, and symbol, and with one click, their memecoin is minted and ready to launch.
Since its launch in January 2024, Pump.fun has become a major player in the memecoin space, supporting the creation of over 2 million tokens and generating over $100 million in revenue. The platform’s success comes from its user-friendly interface, anti-rug-pull features, and innovative connection curve model, which dynamically adjusts token prices as demand increases. The model also incorporates a burn mechanism, which helps control supply and incentivize early purchases.
Pump.fun’s rapid growth has inspired similar platforms like Sun.pump and Scroll.pump, contributing to the broader trend of easy-to-use memecoin generators. However, as a leader in the field, Pump.fun has become a key tool for the current memecoin craze, being called the first tool of the memecoin season.
Why do memecoin traders love Pump.fun?
Before Pump.fun, traders faced a huge risk of rug pulls, as token creators could allocate a large portion of the token supply to themselves before the public had a chance to buy. This pre-allocation allowed untrustworthy token creators to manipulate the market and run away with significant profits, leaving traders with worthless tokens.
Pump.fun solves this problem by ensuring a fairer launch process. When token creators use the platform to launch their memecoins, they are not allowed to pre-allocate tokens to themselves. Instead, they must purchase tokens along with other buyers, which at least minimizes the risk of allocating to themselves in the initial stages. While this doesn’t completely eliminate the possibility of rug pulls – token creators can still buy a large portion of their tokens later – the system creates a fairer and more transparent starting point for traders.
How does Pump.fun work?
Pump.fun works by removing all the technical complexity of creating a memecoin. Instead, users are presented with a simple and easy-to-use interface on the site. When buying or selling tokens, users are promised a token launch method where all participants have the opportunity to buy tokens at the same price without any pre-allocation.
When buying tokens on Pump.fun, tokens are purchased on a bonding curve, which is a mathematical model that dictates the price of tokens based on supply and demand. Essentially, when you buy tokens, the price goes up, and when you sell tokens, the price goes down. Once there are enough buyers and the market cap reaches $100,000, Pump.fun will celebrate this milestone by sending $17,000 of its liquidity to Raydium to burn. This is a way to manage the token supply and potentially increase the price of memecoin as a reward for reaching this milestone. There is also a 0.5 SOL reward given to the token creator when this milestone is reached.
How to create a memecoin on Pump fun
To get started, go to Pump.fun and connect your Solana wallet. Next, click [start a new coin]. Choose your token name, token symbol, and token image!
You can also fill in some descriptions to give potential token buyers some information about your token idea. Fill in your social pages for added credibility and ownership!
As a token creator, you can also submit your buy orders to bots and script buyers!
Note that the first buyer of any token launched on Pump.fun must pay a small fee ($2 worth of SOL) for token creation. Next comes the step of buying memecoin.
Buy your memecoin!
Here is what the purchase page looks like after you have selected your memecoin. In this example, memecoin is in the middle of its connection curve. This means that as more tokens are purchased, the price will gradually increase in a connection curve pattern, with a target market cap of $100,000 (previously 69,000).
The page also provides other important information such as holder distribution, allowing you to see how many wallets own the token and what percentage they hold. You can also view the latest transactions in real time, providing information on market activity and momentum. There is also a comments section for users to discuss the memecoin, share opinions or ask questions, creating a community around the token.
Popular Tokens on Pump.fun
Pump.fun is home to many popular memecoins in the Solana ecosystem, here are some notable examples.
- Mother Iggy (MOTHER)
Launched by Australian musician Iggy Azalea, MOTHER quickly gained traction in the memecoin space. Directly promoted by Azalea herself, the popular token peaked at a market cap of over $200 million shortly after its launch in mid-2024. However, its value has since fallen, and it currently sits at around $58 million. While there is no specific application for MOTHER yet, Iggy Azalea has hinted at plans to integrate the token with a Web3 casino.
- Daddy Tate (DADDY)
This memecoin mocks controversial celebrity Andrew Tate. With a humor website supporting it, Daddy Tate has gained attention for both its satirical nature and its market performance. Currently, its market cap is around $50 million, reflecting its strong popularity despite its meme-heavy origins and humor.
- Moo Deng (MOODENG)
This memecoin is inspired by the contagious feeling of a baby pygmy hippo, who took the internet by storm in September 2024 with its adorable appearance. At the age of two months, the hippo became a major attraction at the Khao Kheow Open Zoo in Thailand, where it lives. After the token was created on Pump.fun, its value skyrocketed, reaching a market cap of over $170 million in just three days, making MOODENG the top memecoin launched on the platform.
Upcoming Pump.fun Airdrop
On October 19, 2024, the Pump.fun team hinted at the release of their own token, possibly via airdrop. The hint was made during a Twitter Spaces session where the team announced their new trading platform, Pump Advanced.
While there is no confirmation of an airdrop, one potential way to qualify for an airdrop is to create and launch your own memecoin through the platform.
Conclusion
Pump.fun provides a simple and accessible way for anyone to get involved in the memecoin world, allowing users to easily create their own tokens without any technical knowledge. However, while the ease of use and fun of the platform is evident, it is important to remember that memecoins are notorious for their volatility and speculative nature. Most tokens created on Pump.fun lack intrinsic value or long-term usefulness, so they should not be considered serious investments.
While Pump.fun does not charge an initial fee to launch a token, it does impose a 1% fee on all transactions, which is significantly higher than the average 0.3% fee on most decentralized exchanges (DEXs). This may affect regular traders, but may be worth it for those who like to experiment with token creation in a fun environment.
Note, this platform also has a lot of rug bugs and scammers, you should consider carefully before participating.
