Pump.fun

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Pump.fun is a Solana-based launchpad that lets people quickly create meme coins, trade them instantly, and graduate them to decentralized exchanges. It launched on January 19, 2024, created by Noah Tweedale, Alon Cohen, and Dylan Kerler. To use it, you need a Solana wallet. Most tokens are meme coins with little use beyond trading, and many never get listed on major DeFi platforms.

The platform earns money from trades (about 1% per swap) and from listing fees. It has grown fast, with millions of tokens created and hundreds of millions in revenue early on. In July 2025, Pump.fun conducted a public sale that raised $600 million and private sales bringing total cash to about $1.3 billion. Listings on Pump.fun feel like a social‑media catalog, with users identified by wallet addresses or nicknames.

In 2024, Pump.fun added a livestream feature to promote new tokens, but it sparked controversy and was paused in November 2024, then relaunched in April 2025. The site banned UK users in December 2024 after regulator warnings. In January 2025, a New York lawsuit accused Pump.fun of running an unregistered securities exchange. The platform has explored large fundraising plans, aiming at up to $1 billion.

Notable tokens include Fartcoin, which reached high meme-coin valuations, and celebrity-backed tokens from Iggy Azalea, Caitlyn Jenner, and Jason Derulo. While launching tokens is fast and cheap, there is real risk of “soft rug pulls,” and Pump.fun provides risk information to help users decide what to invest in.

Overall, Pump.fun is a fast-growing but controversial meme-coin launchpad on Solana, drawing big interest and regulatory scrutiny while enabling rapid, inexpensive token creation and trading.