Pump.Fun

Pump.Fun is a token launchpad on the Solana blockchain that lets anyone create and trade a meme coin in under a minute with no coding knowledge. You upload an image, pick a name and ticker symbol, pay a fee of about $2 in SOL, and your token is live and immediately tradeable. The platform removes every traditional barrier to token creation: no liquidity pools to seed, no smart contract audits to commission, no presales to coordinate. It turns a technically demanding process into something closer to posting on social media.

The platform’s core mechanic is a bonding curve. When anyone buys a newly minted token, the price rises automatically. Selling pushes it back down. The curve acts as the market maker, so there is no separate liquidity pool or need for a third party to match trades. Once a token reaches a market cap of about $69,000 to $90,000, it “graduates” to PumpSwap, Pump.Fun’s decentralized exchange launched in March 2025, where it enters broader trading. Creators who launch tokens also earn a share of PumpSwap trading revenue, providing a direct financial incentive to build communities around their coins.

Pump.Fun supports wide-ranging use cases, though its reputation centers on meme coins. Token creators launch community currencies, viral joke tokens, culturally reactive coins (Peanut the Squirrel and Chill Guy both started here), and protest tokens tied to real-world events. The fair launch model gives every participant equal access at creation, so no insider gets preferential pricing. Early buyers on the bonding curve have a cost advantage, not an allocation advantage. The platform also introduced a livestreaming feature letting creators market tokens directly to viewers. This feature was suspended and relaunched with stricter moderation after controversy in late 2024.

Pump.Fun’s domain was registered on September 19, 2023, and the platform went live on January 19, 2024. It was founded by three English entrepreneurs: Alon Cohen, Noah Tweedale, and Dylan Kerler. Cohen initially used the pseudonym “Alon” and described the site’s goal as making it “the most fun place on the internet.” The platform’s growth was extraordinary. By July 2024, six months after launch, Pump.Fun had generated over $50 million in cumulative revenue, making it the fastest crypto application to reach $100 million in fees. By January 2025, it had facilitated the launch of over 6 million tokens. By early 2026, that number surpassed 11.9 million. At its peak, Pump.Fun accounted for over 71% of all new daily token launches on Solana and captured nearly 19% of total Solana DEX volume in a single day. Bloomberg called it “one of the biggest drivers of the explosive growth in memecoins and the attendant burst in activity on the Solana blockchain in the past year.” In Q1 2026, PumpSwap alone posted over $2 billion in DEX volume.

Before its token launch, Pump.Fun raised early-stage capital from Y Combinator and Leonis Investment, a Paris-based institutional investor. Y Combinator’s participation in a Solana meme coin infrastructure project was notable and lent early credibility despite the platform’s unconventional positioning. The company later raised $1.3 billion through its PUMP token offering on July 12, 2025. This combined $600 million from a public sale that sold out in 12 minutes with $720 million from private investors. Both public and private participants received the same financial terms. Alon Cohen called it “one of the best ways to decentralize a crypto project.” The raise became one of the largest token offerings in Solana’s history. Fortune reported it as a potential signal of a new ICO era in crypto.

The PUMP token is Pump.Fun’s native cryptocurrency, with a total supply of one trillion tokens. The public ICO priced tokens at $0.004 each, valuing the platform at $4 billion fully diluted. Token allocations include 20% for the founding team, 24% for community and ecosystem incentives, 13% for early investors, and the remainder split between liquidity, an ecosystem fund, a foundation reserve, and livestreaming incentives. PUMP functions as both a utility and governance token within the Pump.Fun ecosystem. Its most immediate financial use is revenue sharing: about 50% of PumpSwap trading revenue flows directly to PUMP holders as SOL payouts, giving them a stake in ongoing fee generation. PUMP is also used in the platform’s buyback program. Since August 2025, Pump.Fun has consistently purchased over $1 million in PUMP tokens daily to support price stability. The token peaked at about $0.0088 in September 2025, implying a market cap near $3.1 billion at its high.

PUMP is available on several centralized cryptocurrency exchanges, including Bybit, Kraken, and KuCoin, making it accessible for straightforward spot purchases. For larger token amounts, locked tokens, or SAFT notes, Acquire.Fi OTC and Secondaries Marketplace is the dedicated platform for such transactions.

If you want to buy Pump.Fun tokens OTC, you can either browse existing listings in the Acquire.Fi marketplace or submit a new Buy listing with your preferred valuation and token amount using the Buy form. If you hold tokens and want to exit your position, you can sell Pump.Fun tokens OTC by engaging with existing buy-side listings or by submitting a new Sell listing with your terms through the Sell form.

Once you submit, Acquire.Fi handles the process from there. The team conducts background checks, sends NDAs, and then introduces buyer and seller to each other. Both parties remain responsible for their own due diligence and payment settlement. Acquire.Fi is not a broker-dealer, but the team actively assists throughout the process to help get deals across the finish line. For large or complex positions in PUMP, this is a significantly more practical route than trying to move volume through open-market order books.