Pump.fun: History and Key Facts

pump.fun (commonly referred to as Pump) is a cryptocurrency launchpad for the Solana blockchain that enables users to create tokens and trade them immediately on the platform, as well as to launch them onto decentralized exchanges, a process known as "graduation". The platform was launched on January 19, 2024, by Noah Tweedale, Alon Cohen and Dylan Kerler.

As of January 2025, over 6 million meme coins had been launched on the platform according to Wired and it is one of the fastest-growing crypto applications ever according to some metrics by Ars Technica. Bloomberg reported in June 2025 that pump.fun is "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, pump.fun's decentralized exchange volume exceeded $2 billion, signaling a continued surge in Solana meme coin activity.

The site has been described as the "ground zero" for launching meme coins, with users able to instantly create coins for free. While any type of token can be created, the majority of tokens are classified as meme coins due to their lack of functionality outside of trading. Created tokens face a high failure rate, with the vast majority of tokens failing to achieve the necessary traction and market capitalization to be listed on DeFi platforms such as Raydium.

Since its launch, pump has generated nearly $800 million in revenue. Its ICO in July 2025 raised $600 million in 12 minutes through a public sale as well as an additional $720 million in private sales, giving the company about $1.3 billion in cash. $465.5 million of this was cashed out by pump into USDC in November 2025 as its token, PUMP, fell more than 25%.

Source and attribution

Text excerpted from Pump.fun by Wikipedia contributors, available under Creative Commons Attribution-ShareAlike 4.0. The extract is abridged and formatting has been adjusted; the adapted text on this page is shared under the same licence. Revision history.