pump.fun (PUMP)

pump.fun is a frontrunner and the largest memecoin launchpad in the blockchain industry, built on the Solana network. Having generated over $1 billion in cumulative fees, it became the first Solana-based application to reach this milestone while continuing to dominate memecoin launches and liquidity flows.

Launched in 2023, it was designed as one of the first on-chain token creation tools, enabling users to create new tokens within a few seconds and at the cost of a few dollars without the need for coding knowledge at all. These tokens are instantly tradable within the pump.fun protocol itself and can even be curve bonded on DEXs once the $60K capitalization requirement is met.

In addition, pump.fun introduces a live streaming platform within the same interface, where developers can create and share content related to the token. Over the second part of 2024, it was the subject of massive discussions and lawsuits as multiple law violations were committed by creators in order to attract attention among retail investors on pump.fun.

As a result, the release of such an innovation created a memecoin superseason in 2024, attracting millions of dollars in liquidity from multiple blockchain networks to Solana. Only within 1.5 years of operating, pump.fun Solana protocol made over 10M tokens, where nearly 1% of these tokens graduated for trading on DEXs such as Raydium.

Pumpswap DEX: In March 2025, the project has launched its own spot DEX, PumpSwap, allowing the liquidity and trading volume moving within the pumpfun ecosyste,m. Since then, the platform’s TVL has grown to over $140M, ranking in the top 20 among all the Solana DeFi dApps.

pumpfun Token: The $PUMP token is the native token of the pump.fun ecosystem. It captures direct value through a programmatic mechanism that directs 50% of net protocol revenue (from bonding curves, PumpSwap, and other fees) to automated buybacks and burns, while also enabling periodic revenue distributions to $PUMP holders.

On April 29, 2026, the project announced a massive $370M $PUMP token buyback, instead of a $PUMP airdrop, as most of the crypto community had hoped for, debunking the myth of a potential pump.fun retrodrop.

Taking into account this info, the CoinLaunch team completely analyzed the pump fun crypto project and prepared for you the list of the most notable pros and cons:

✅ Pump.fun pros:

• One of the largest protocols in the blockchain space by trading volume;
• One of the largest protocols in the industry by revenue generated (about $685M made since March 2024)
• Good PR and Influencer Marketing performance;
• Strong X account;
• Diverse network of ecosystem members and partners;
• Relatively small FDV ($4B), considering its P/S ratio.

❌ Pump.fun pros:

• No security audits;
• Not full info about the tokenomics;
• Below the average SEO, Growth Marketing, and Marketing Infrastructure scores;
• No info on backers;
• Limited info about the team;

According to Wired, one of the project’s co-founders, Dylan Kerler, has been a rug puller.