Pump.fun, a relatively new platform built on the Solana blockchain, has quickly become one of the most popular and controversial platforms in the cryptocurrency industry. The platform has unseated Ethereum as the most popular platform for the creation and trading of new cryptocurrencies, especially so-called meme coins. Pump.fun has made it much easier and more accessible to get into this world. This amendment makes it more accessible for a broader range of creatives to produce digital assets. It has brought in over $700 million in cumulative revenue since the platform’s inception as of June 2025. This remarkable sum is the result of token creation and trading fees.
With Pump.fun anyone can create a new coin in a few minutes. The user must then input key information including the name of the coin, the ticker symbol, and information about the coin’s purpose and description. Then they will be required to upload a photo. With its intuitive interface and affordable fees, Pump.fun makes it easy for anyone to join the exciting new world of crypto creation.
Streamlined Coin Creation Process
The platform’s largely unregulated and user-friendly process makes it deceptively simple for just about anyone to launch a new coin. For a nominal fee, typically around 0.02 SOL (less than $2 USD), Pump.fun instantly mints 1 billion tokens for the new meme coin. This low barrier to entry has attracted a diverse range of users. Experienced crypto hands rub shoulders with first timers looking to dip a toe into the waters of digital assets.
Because it’s a bonding curve, around 80% of the entire token supply curves into that bonding curve. This allocation serves to create initial liquidity and aid in price discovery. Pump.fun commits a portion of the SOL raised from the bonding curve to create a permanent liquidity pool. This sum is typically around $12k-$17k and gets spread out across various Solana DEXs (PumpSwap, Raydium, etc.) This makes sure that no matter what, the created token has a deep liquid market to trade against.
The platform’s revenue model consists of many different fees combined. These are a modest creator fee, a 1% “swap fee” on trades through the bonding curve, and a graduation fee. Creators on Pump.fun receive 50% of the fees generated from their tokens, incentivizing them to promote and develop their creations.
Graduation and Liquidity
A token on Pump.fun automatically “graduates” once it hits a certain market cap, previously set at $69,000. This graduation triggers the establishment of a permanent liquidity pool on a Solana DEX. Secondly, it helps flesh out the token’s overall market presence.
To access the platform, you will need a minimal amount of Solana (SOL) in your connected wallet. This amount will be used to pay the creation fee and can be used for participants’ first token purchase. Plug in your Solana wallet, such as Phantom or Solflare. After that, just click through the directions on the platform to mint a new coin.
Pump.fun’s unique and clever redesign of the LIQ provision process has proven to be the secret sauce of this success. On graduation, the platform automatically spawns an initial liquidity pool on a Solana DEX. This guarantees that there’s an ultra liquid market for trading new tokens the moment they hit the market. This takes the onus off creators to figure out liquidity on their own, an intricate and labor-intensive task.
Controversy and Security Challenges
Even with this success, Pump.fun has seen its share of naysayers and drama. In response, the platform has made a short-term decision to deactivate its live streaming functionality. In early June 2025, it suffered an incursion of its X account. These incidents have resulted in scrutiny over the platform’s security measures and content moderation policies.
The platform has come under fire for fostering a largely speculative “meme coin” culture. Some critics claim that it is too simple to do so on Pump.fun, to which I say it’s part of the fun. This facilitation has contributed to a tide of worse-quality and outright fraudulent projects. Supporters of the platform say it’s democratizing access to the cryptocurrency market. They think it encourages risk-taking and creativity.
According to various press reports, the co-founders of Pump.fun are Noah Tweedale, Alon Cohen and Dylan Kerler. Currently (June 2025), Pump.fun does not have its own native token that is publicly traded or officially announced.
