What is Pump.fun (PUMP)?
Pump.fun is a platform built on the Solana blockchain that allows users to create and distribute their own tokens, primarily focused on community-driven memecoin projects. The platform is designed to simplify the token creation process, making it accessible without requiring technical knowledge. Users can launch tradable tokens quickly and at minimal cost.
The platform uses a bonding curve pricing model, where token prices change dynamically based on supply and demand. Each new token begins with a supply of 1 billion, with 80% allocated to the bonding curve for trading and 20% to the creator. Once a token reaches a market cap of $69,000, Pump.fun injects liquidity into Raydium. This approach helps maintain liquidity and enables transparent pricing as more users buy or sell tokens. The model supports active market participation and ensures that token valuation is tied directly to user interest.
Pump.fun launched in January 2024 and gained rapid adoption within the crypto community. Initially available on Solana, the platform expanded to Ethereum’s Layer 2 network, Base, by April 2024. This extension increased its reach and offered users access to a broader ecosystem for token creation and trading.
In February 2025, the platform launched PumpSwap, its own decentralized exchange (DEX). This upgrade replaced reliance on third-party infrastructure, eliminating migration fees (previously up to 6 SOL) and allowing instant token migrations. In May 2025, it announced a creator revenue-sharing model, where 50% of trading fees will go back to token creators.
$PUMP is the native utility token of the Pump.fun ecosystem. It could be used to provide fee rebates, support token buybacks, and grant access to promotional giveaways within Pump.fun’s protocols. While $PUMP introduces additional utility for active participants, it is not required to create or trade tokens on the platform, keeping services open to all users.
The circulating supply of PUMP token is 354B with a total supply of 1 trillion tokens.
$PUMP token is listed on Binance for trade and purchase. The current price of $PUMP is available and updated in real-time on Binance.