What Is Pump.fun? The Solana Meme Coin Factory – Decrypt

In September 2024, Solana-based protocol Pump.enjoyable turned the quickest rising crypto app in historical past, surging to $100 million in income in document 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 a few of the largest memes, viral metas, and harmful moments in crypto historical past, together with the ridiculous Fartcoin, a slew of superstar 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 without cost. 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.

Certainly 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 characteristic 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 large streamer initiatives and paying customers to put up viral clips of their favourite creators. Pump.enjoyable has publicly acknowledged that the mission 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 permit 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 most recent 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 accordance with CoinGecko information.

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 title, ticker, description, and connect a photograph, then click on “create coin.” It truly is that straightforward. Token creators may also select so as to add a Twitter, Telegram, and web site hyperlink, however that is completely non-obligatory.

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 utterly free to launch tokens. The truth is, now you’re rewarded with 0.5 SOL (roughly $95) in the event 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, presently $66,000, it can graduate to be traded on Pump.fun-created decentralized alternate PumpSwap. On the alternate, 206,900,000 of the graduating token, in addition to 85 SOL—roughly $14,000 on the time of writing—can 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 buddies or a pre-sale.

Which meme cash have been created on Pump.enjoyable?

A few of 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 plenty of extra. That’s not forgetting the unique memes that helped push the platform ahead, corresponding to Billy, Michi, and Shark Cat, or the next wave of FWOG, Smoking Hen Fish, and Reddit Canine.

It has additionally been the house of quite a few tokens launched by celebrities, embody Iggy Azalea’s MOTHER token, the Andrew Tate-endorsed DADDY, and Jason Derulo’s JASON. It has additionally spawned quite a few 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 economic system, the primary token to seize the {industry}’s consideration featured a boy and his alleged mom, who suggestively bounced her breasts on digicam. 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 demise—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 quite a few 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 characteristic has matured with groups taking larger and safer swings. For instance, Basedd Home is a social media-based actuality TV present through which its contestants all stay in a frat-like crib, competing to pump their cash to remain on the present. The mission’s creator SolJakey advised Decrypt that the mission was sponsored by Pump.enjoyable, which supplied the group with a finances to fund all the 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% have been bought by way of the preliminary coin providing, 13% got to current buyers, and 20% to the Pump.enjoyable group—which now exceeds 70 staff.

Within the token announcement, Pump.enjoyable confirmed that an airdrop is “coming quickly.” In response to 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 isn’t any confirmed date for an airdrop.

Days after the token launch, Pump.enjoyable began to purchase again its personal token with greater than $19 million. Consequently, 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 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 components, enhance the consumer expertise, and develop its group.

“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 stated. “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 revealed in September 2024 and up to date in July 2025.