Pump.fun is a Solana-based memecoin launchpad that lets anyone create and trade tokens in just a few clicks, no coding required.
In just over a year, Pump.fun has become one of the most viral platforms in Web3, generating over $700 million in revenue and minting more than 9 million tokens. Now, the project is entering a new chapter with the launch of its native token, $PUMP, through an Initial Coin Offering (ICO) on July 12. Start trading Pump.fun (PUMP) token now on BingX with seamless access to both spot and futures markets for maximum flexibility and earning potential.
The token is designed to expand Pump.fun into a full ecosystem, with future use cases tied to governance, community incentives, and potentially fee rebates or token buybacks. Whether you're a creator, trader, or early user, your on-chain activity may soon carry more weight in shaping the platform's direction. In addition, an upcoming $PUMP airdrop is expected to reward early adopters based on their engagement and transaction history on Pump.fun.
But beyond hype and humor, Pump.fun represents a larger trend: the rise of permissionless, viral experimentation in Web3. As new competitors enter the space and user behavior evolves, it's worth taking a closer look at how Pump.fun works, what makes it unique, and what investors and creators should know before diving in.
What Is Pump.fun Memecoin Launchpad?
Pump.fun is a Solana-based marketplace and launchpad that allows users to create and trade their own memecoins with unprecedented ease. Launched in January 2024, it has quickly become one of the most influential platforms in the Solana ecosystem, enabling over 9 million tokens to be launched as of April 2025. Its success stems from a simple premise: anyone should be able to launch a memecoin, no technical skills or large budgets required.
At its core, Pump.fun democratizes memecoin creation. Whether inspired by internet culture, inside jokes, or viral personalities, users can mint a token in just a few clicks. Instead of manually coding smart contracts or setting up liquidity pools, Pump.fun streamlines everything through an intuitive interface and an automated bonding curve model that dynamically adjusts token prices based on supply and demand.
The platform’s explosive growth has also made it a major revenue engine for the Solana network, generating over $16 million in cumulative fees. As it evolves into a more robust ecosystem, Pump.fun is preparing to launch its native token, $PUMP, through an upcoming ICO. More than just a meme tool, the platform is becoming a gateway into crypto culture, onboarding new users and driving engagement throughout the Solana community.
Key Features of Pump.fun
• Low Barrier to Entry: Anyone can launch a token for as little as 0.02 SOL, with no coding or liquidity setup required.
• Fast Transactions: Built on Solana, Pump.fun benefits from low fees and near-instant execution.
• Bonding Curve Pricing: Token prices increase automatically as more users buy in, rewarding early adopters and reducing manual price manipulation.
• High Volatility and Potential Gains: The rapid trading environment creates opportunities for risk-tolerant users to profit from early momentum.
• Fair Launch Design: All tokens launch without presales or team allocations, minimizing insider advantages and rug pull risks.
By removing complexity and making memecoin creation fun and accessible, Pump.fun has become one of the biggest launchpads for Solana memecoins.
How Does Pump.fun Work?
Pump.fun simplifies the process of creating, pricing, and trading memecoins through a fully automated system built on Solana. The core of the platform revolves around a bonding curve model, a no-liquidity-required launch structure, and milestone-based token progression that encourages viral discovery and fair participation.
1. Bonding Curve Mechanics
Pump.fun uses a bonding curve model that acts as a built-in automated market maker (AMM), eliminating the need for traditional liquidity pools, manual pricing, or external market makers. This model ensures:
• Transparent, rules-based price discovery
• Protection from price manipulation
• Fair participation for all users
When a new token is created, 800 million tokens are locked into a smart contract. As users buy in, the token price increases algorithmically based on circulating supply. This means early buyers purchase at lower prices, while later participants pay more. The result is a dynamic pricing system that rewards early adoption and builds strong momentum around new token launches.
2. No Liquidity Required, Instant Launches
Pump.fun removes the complexity of traditional token launches. Creators don’t need to provide liquidity or write code. Instead, they simply connect a Solana wallet, pay 0.02 SOL, and upload a name, ticker, and image. Tokens are minted and listed instantly, with pricing handled by a built-in bonding curve that lets buyers and sellers trade directly within the contract.
Funds are pooled automatically, offering a seamless exit path for sellers and eliminating the risk of rug pulls due to liquidity withdrawal. Creators can also pre-buy a portion of their token supply (typically 10-30%) for marketing or giveaways. The process is fast, fair, and accessible to all.
3. Milestone-Based Growth and Gamified Discovery
Pump.fun uses built-in incentives and social features to surface promising tokens. As market caps grow, tokens unlock visibility and liquidity upgrades:
• At $30,000 market cap: Tokens are featured on the Pump.fun homepage, gaining more exposure.
• At $60,000 to $69,000 market cap: Pump.fun adds $12,000 in liquidity to Raydium, a major decentralized exchange on Solana. It then burns the LP tokens, making the liquidity permanent and enabling open trading.
• At $69,000 market cap: Reaching the $69,000 milestone also grants the creator 0.5 SOL, providing further incentive for meaningful token development.
Tokens also benefit from real-time charts, holder stats, and community comments. Gamified elements like “King of the Hill” rankings and trending feeds drive engagement, helping viral coins gain momentum through social visibility and competition.
How to Create and Launch Your Own Memecoin on Pump.fun
Creating a memecoin on Pump.fun is easy and takes just a few minutes. Follow these simple steps:
Step 1: Set Up a Solana Wallet
Add a small amount of SOL (around 0.1 - 0.5 SOL) to cover the creation fee and future transactions.
Then go to Pump.fun and click “Connect Wallet” to link your wallet. Make sure to use a Solana-compatible wallet like Phantom, or Solflare. You can fund your wallet by buying SOL on BingX.
Step 2: Create Your Token
Click “Create a New Coin” and fill in the required details:
• Name of your token (e.g., xxxCoin)
• Ticker (short symbol like xxx) • Description (a short, catchy summary, optional but helpful)
• Image (upload a meme or logo you have the rights to use)
The creation fee is around 0.02 SOL.
Step 3: Pre-Buy Your Token (Optional)
You have the option to purchase a percentage of the coin before public launch. This allows you to have an initial stake in your project and demonstrates confidence in potential investors. A recommended amount is typically 10-30% of the total supply.
Step 4: Confirm and Launch Your Memecoin
Approve the transaction in your wallet to finalize the creation. Your memecoin will be minted and immediately available for trading on the Pump.fun marketplace.
Key Risks to Consider Before Using Pump.fun
Pump.fun makes it easy to ride the memecoin wave, but it comes with significant risks. Most tokens are built for hype, not utility, and extreme volatility means prices can surge or collapse within minutes. Over 60% of traders lose money, often buying late and getting caught in rapid dumps. Bot-driven trading further distorts markets—data suggests nearly 90% of top wallets are controlled by AI bots, creating artificial momentum and front-running unsuspecting users.
The platform also lacks quality control and oversight. Anyone can launch a token instantly, leading to scams, spam, and low-effort projects. As of mid-2025, Pump.fun’s market share has dropped from 98% to around 39%, with competitors like LetsBONK.fun gaining traction by offering better transparency and community features. Past incidents like creator impersonations and livestream abuse have hurt its reputation, highlighting the need for users to exercise caution and do their own due diligence before investing.
Final Thoughts
Pump.fun has played a defining role in shaping the memecoin space on Solana, opening the doors for anyone to create and trade tokens with ease. It lowered the barriers, invited creativity, and helped bring millions of new users on-chain through a simple and playful experience.
While new competitors are emerging and user preferences are shifting, Pump.fun continues to offer a powerful platform for experimentation, discovery, and cultural expression. For both creators and traders, it remains a space where bold ideas can gain traction quickly and where meme culture thrives in real time.
With the right mindset and a clear understanding of the risks, Pump.fun can still be one of the most enjoyable and dynamic places to explore crypto in motion. It is not just a tool. It is a sandbox for creativity.