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POLAND - 2025/01/19: In this photo illustration, a Donald Trump meme coin $Trump logo seen displayed ... [+] on a smartphone. (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
In the frenzied world of crypto, a platform called has emerged as both a sensation and a source of controversy. Since its launch in early 2024, it has transformed how meme tokens are created and traded, generating $500m in fees and billions in volume while raising questions about the future of cryptocurrency speculation.
What is ?
represents the latest trend in how cryptocurrency tokens are created and traded on the Solana blockchain. Launched in January 2024 by a trio of English entrepreneurs the platform has democratized token creation to an unprecedented degree. What once required technical knowledge and significant capital can now be accomplished with a few clicks and a couple of dollars.
How Does Work?
Pump Fun's instructions on their website as of February 2025.
Boaz Sobrado
The platform operates on a unique model that combines instant token creation with automated market making. When a creator launches a token, automatically sets aside 800 million tokens (out of a total supply of 1 billion) into a bonding curve system.
This system creates an instant market for every token, allowing immediate trading without the traditional requirements of providing initial liquidity. The platform generates revenue through two primary mechanisms: a 1% fee on all trades and a 6 SOL (approx $1200) fee when tokens reach the threshold for listing on larger exchanges like Raydium.
