With meme tokens emerging one after another, where does Pump.fun—the largest meme token launch platform on Solana—come from?
TechFlow Selected TechFlow Selected
With meme tokens emerging one after another, where does Pump.fun—the largest meme token launch platform on Solana—come from?
Pump.fun has captured widespread attention with its ultra-low-cost token creation and high degree of automation, featuring no team allocations and maximizing fairness.
Navigating Web3 tides with focused insightsAuthors: Frost, Luccy
For a long time, internet culture and memes have held a prominent place in the cryptocurrency space, with the phrase "value investing is futile" perfectly capturing the market's current enthusiasm for meme speculation.
When it comes to memes, Solana is unavoidable. Starting from last year’s Silly, Solana has continuously spawned meme gems—such as the viral hat-wearing dog WIF, BOME which kicked off the “presale funding” trend, and SLERF which famously “rose from the dead.”
The world of memes never lacks entertainment. Recently, a platform named Pump.fun—playing on the word “fun”—has drawn significant attention within the crypto community. Even professional poker player Tom Dwan mentioned Pump.fun in a tweet, hinting at his interest in its gambling-like appeal.
Originally launched specifically for Solana, Pump.fun allows users to deploy tokens at a cost below $2. Today, Pump.fun may already be the most trafficked memecoin platform in the Solana ecosystem and has recently expanded support to Ethereum L2 Blast.
Pump.fun May Have Captured the Meme Speculation Demand
Due to extremely low meme creation costs, vast numbers of new trading pairs are listed daily on decentralized exchanges, making this a fast-paced environment. However, because of this, most meme projects have an average lifespan of just 24 hours or less. This is largely due to bad actors exploiting the frenzy through carefully orchestrated scams and marketing schemes aimed at deceiving eager, unsuspecting investors.
The recent “meme presale craze” fueled by BOME serves as a prime example. The legendary token BOME surged 50x in a single day, igniting wave after wave of presale mania across the crypto community, eventually spreading from Solana to other public blockchains. Yet, most presale projects ended up being rug pulls. For instance, Avalanche-based fundraising project Sener raised about 93,000 AVAX (approximately $4.8 million), before its founder transferred large amounts of AVAX away. The project’s token SENDER barely rose at launch before immediately entering full-scale sell-off mode.
Such examples are countless. According to ZachXBT, only 27 presale projects on Solana collectively raised over 655,000 SOL (exceeding $114 million). In response, Solana co-founder Anatoly Yakovenko urged people to stop sending money to presale projects.
Nevertheless, the frenzied world of crypto continues chasing the next 100x gem, and community enthusiasm for participating in memes remains undiminished. The typical meme trading process involves discovering a meme coin, checking all its details on tools like Birdeye or DEXscreener, then executing trades via Jupiter. However, many early-stage meme coins aren’t even supported by basic wallet integrations. Currently, Raydium is one suitable DEX for meme coins, but the user experience isn't optimal.
There’s a growing desire to build a website similar to Birdeye—but tailored specifically for meme coins, more social, where influencers can promote each other and copy trades. Pump.fun fits exactly what meme enthusiasts need.
Why Does Pump.fun Stand Out?
Visiting the Pump.fun homepage instantly immerses you in meme energy. Transaction records flash rapidly at the top, while newly launched memes pop up dynamically below. Due to the extremely high frequency of transactions and deployments, the entire page constantly shakes—so much so that users describe it as “abstract,” with many saying the motion “hurts their eyes.”
Clicking the “how it works” section reveals only a card with five simple sentences explaining the core process. But this minimalism actually aligns well with the surreal, feverish nature of memes—the crazier, the better for grabbing attention and building consensus.
Despite its chaotic appearance, Pump.fun is ultimately a platform built for memes. Each listed meme clearly displays key information such as creator, market cap, number of comments, and narrative. Users can select any meme to view detailed information and begin trading.
A Hotbed for Legendary Gems
The first meme deployed on Pump.fun was TEST, which alone generated over $5 million in revenue for Pump.fun and brought the platform into the community spotlight.
Reportedly, TEST was created by Pump.fun’s development team. On April 5, a developer wrote a script to claim the first batch of tokens deployed via the Pump.fun smart contract—including TEST.
Because TEST was deployed too early, it couldn’t be purchased directly through the pump.fun website, leading many to believe it was unbuyable. Then, a community member discovered a way to purchase TEST using a request interception tool. Some buyers used this method to acquire nearly 50% of the total TEST supply with 100 SOL. With such severe supply imbalance, the price of TEST skyrocketed.
However, the surge didn’t last long. Early buyers were unwilling to hold long-term and began exiting positions once prices rose, causing TEST’s value to plummet. As over 90% of early holders exited, the distribution of TEST gradually became healthier.
Subsequently, a community member contacted Pump.fun developers and confirmed that TEST was indeed a meme deployed by the team, sharing the news in a Telegram channel. Once the story spread, a flood of traders poured into Pump.fun, generating over $5 million in revenue. Rumors also circulated that the Pump.fun team had completed a major fundraising round.
Daily revenue of Pump.fun, source: The Block
The popularity of Pump.fun has given rise to several high-attention memes. For example, bert surged tenfold within 15 minutes of launch; WEI features an AI-generated girl introducing herself as loving the Solana ecosystem—an abstract concept that tripled in half an hour. Unfortunately, most of these memes crash to zero within a day.
The most notable meme is SC, which gained over 100x in just five days since launch, hailed as the most successful meme on Pump. According to Lookonchain, a trader spent 6.6 SOL to buy 33.6 million SC five hours after launch. When returns exceeded 1,000x, he sold only 4.6 million SC for 768 SOL ($145,000), still holding 29 million SC now worth $2 million—a 1,730x return. Additionally, SC is one of the few meme coins on the platform without intense pvp (player-versus-player selling pressure). At the time of writing, SC has a market cap of $97 million.
Productizing Memes
Although the website content is minimal—with only a few explanatory sentences—the platform offers comprehensive functionality from token creation to eventual listing on exchanges.
Traditional token launches involve expensive setup fees and significant liquidity seeding requirements, often resulting in high costs. In contrast, Pump.fun enables users to automatically deploy a token in seconds for less than $2.
Most importantly, Pump.fun aims to prevent rug pulls in meme launches. Traditional launches carry complexity and risks, especially presales vulnerable to scams, requiring advanced tools to monitor actions like renouncing mint authority.
To address this, Pump.fun offers an alternative model following two main paths: either directly deploying a token and establishing liquidity on DEXs like Raydium, then renouncing mint rights and locking or burning LP tokens; or conducting a presale where participants send funds to an address without immediate return.
By maximizing fairness—no team allocations mean no “insider wallets” that retail investors despise—it mirrors recent phenomena like SLERF burning all private sale SOL into the pool. These could truly be called “the people’s memes,” allowing creators to build their own communities. In short, Pump.fun productizes everything a meme team needs—from token name and logo to liquidity and liquidity destruction—offering a one-stop service.
After successfully deploying a meme on Solana, once the token reaches a market cap of $69,000, $12,000 of liquidity will be deposited into Raydium on Solana and automatically burned. On the Blast chain, the threshold is higher at $420,000, with $30,000 of liquidity sent to Thruster DEX. Upon reaching certain market caps, Pump.fun automatically adds its liquidity to Raydium.
While Pump.fun’s productized services do simplify the meme launch process, actually getting listed on Raydium or Thruster DEX remains challenging. A community member deployed 182 memes via Pump.fun, yet only 37 successfully made it onto Raydium—a success rate of around 20%. Still, @Sartoshi0x managed to earn over $640,000 in profit during this process.
How to Launch a Meme in One Click on Pump.fun
Before deployment, deposit 0.05 SOL into your wallet. Visit the official site and click “Connect Wallet” in the upper right corner.
After connecting your wallet, click “Start a New Coin” at the center of the homepage to enter the deployment interface. Fill in the required fields: name (creator name), ticker (meme coin symbol), description (narrative), upload an image, and finally click “Create Coin” to launch your meme.
Next, you'll be prompted to pre-buy your own meme token if desired. Pre-purchasing helps protect against bot sniping. This step is optional. The deployment fee of 0.02 SOL is mandatory and must be paid to complete the process.
Pump.fun provides an alternative to traditional token issuance, gaining widespread attention thanks to its ultra-low cost and high automation. However, just as @Sartoshi0x easily deployed hundreds of memes, it's hard to imagine how sustainable ongoing maintenance and operations would be. Some in the community view this as resembling “scammer behavior.” That said, @Sartoshi0x is certainly not the only player profiting handsomely from launching tokens on Pump.fun.
Moreover, a major issue with Pump.fun is rampant pvp activity. A small number of presale participants acquire most of the supply, typically triggering 50%-90% drawdowns once open trading begins. While excessive initial price spikes may deter new buyers, many users still manage to secure substantial profits by buying very early at launch.
Given this, it wouldn’t be surprising if bots emerged to automatically detect and trade upcoming DEX-listed projects. Of course, risk and reward go hand-in-hand: for every bot targeting fair launches, there will inevitably be traps designed to exploit those bots. Meme speculation will always remain a high-risk game. Currently, Pump.fun is still in its early stages. Whether it can continue delivering surprises to meme lovers remains to be seen. BlockBeats reminds readers that meme liquidity is highly volatile—please exercise caution and assess risks carefully.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
BlockBeats
