Glossary
pump.fun
A Solana memecoin launchpad where anyone can deploy a token with a bonding-curve pricing model — most go to zero, a few become hundred-million-dollar memes.
pump.fun, launched in early 2024, lowered the cost of launching a new Solana token to a few cents. Each token is deployed against a bonding curve; as buyers come in, the price rises along the curve. Once a token's market cap crosses ~$69k, liquidity migrates to Raydium and the curve closes.
The platform processed hundreds of thousands of new tokens through 2024–2025 and was the source of most of Solana's memecoin season. It also funneled massive fees back to the protocol and to memecoin creators.