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Pump.fun

PUMP · Field entry
Exchange tokenDeFiExchange tokensMeme coins

The token of Pump.fun, a Solana launchpad where anyone can create a meme coin

$0.0064040.11%Snapshot · October 4, 2026 · updates live
Market cap
$2.97B
24h volume
$326.02M
Rank
#39
Circulating
464.38B PUMP
Max supply
1.00T PUMP
All-time high
$0.008819 September 14, 2025

PUMP price chart

7-day snapshot. Chart data from CoinGecko.

What is Pump.fun?

PUMP is the token of Pump.fun, a Solana platform launched in January 2024 that lets anyone create and trade a meme coin in minutes. The company sold PUMP in a July 2025 token sale and uses half of its platform revenue to buy back and burn PUMP, but the token carries no ownership rights and the platform faces a US class-action lawsuit.

Utility Lens

What Pump.fun actually does

Captures part of Pump.fun's fee revenue through buybacks and burns; the launchpad itself works without holding PUMP.

Real-world usage
growingThe launchpad has large, sustained activity, though most of it is speculative meme coin trading.
Token necessity
optionalCreating or trading coins on Pump.fun does not require PUMP; the token's link is the company's voluntary buyback policy.
Decentralization
centralizedA single company runs the platform, sets fees and decides buyback policy.
Track record
developingThe platform launched in 2024 and the token in 2025; it has faced livestream abuse problems, a UK block and an ongoing class action.

How we rate

What it’s used for

Pump.fun is heavily used to create and trade new Solana meme coins, earning fees on that activity. PUMP holders mainly trade the token; its link to the platform is the company's commitment to spend half of revenue on open-market buybacks that are then burned.

Role of the PUMP token:

buyback burn

Evidence of real use

  • Pump.fun's PUMP token sale raised $600 million in about 12 minutes in July 2025 at $0.004 per token, alongside private sales. Source
  • Pump.fun says half of its revenue buys PUMP on the open market and burns it, and its dashboard reported about 169.84 billion PUMP burned, roughly 17% of supply, as of October 2026. Source
  • On August 31, 2026 a federal judge in the Southern District of New York allowed RICO claims against Pump.fun and its founders to proceed. Source

How Pump.fun works

On Pump.fun, anyone can create a Solana token for a small fee. New coins trade on a bonding curve, a pricing formula that raises the price automatically as more people buy. When a coin attracts enough demand it graduates to a regular liquidity pool. Pump.fun earns a fee on trades. The model made launching tokens cheap and fast, which also means most coins created there quickly lose nearly all their value.

The company, Baton Corporation, launched PUMP in July 2025 with a fixed supply of one trillion tokens, selling a portion publicly at $0.004 and more in private sales. Since then it has committed half of platform revenue to buying PUMP on the market and burning it, permanently reducing supply. PUMP does not grant equity, dividends or legal claims on the company, so the buyback policy can be changed at the company's discretion.

Pump.fun has drawn regulatory and legal attention. In December 2024 it blocked UK users after a warning from the Financial Conduct Authority. A class action in New York, Aguilar v. Baton Corporation, alleges the platform operated an unlawful scheme and was expanded to name Solana-related parties; in August 2026 the judge allowed racketeering claims to proceed. These are allegations, not findings, but the outcome could affect the business.

Key moments

  1. 2024Pump.fun launches on Solana on January 19.
  2. 2024The platform blocks UK users in December after an FCA warning.
  3. 2025A US class action is filed; in July, the PUMP token sale raises $600 million in about 12 minutes.
  4. 2026Cumulative buybacks burn roughly 17% of PUMP supply, and a judge allows RICO claims to proceed in August.

Supply

PUMP launched with a fixed supply of one trillion tokens, with allocations for the public sale, private buyers, the team, the community and the ecosystem that unlock over time. Half of platform revenue is used to buy and burn PUMP, which had removed about 17% of supply by October 2026.

Risks to understand

  • The token has no legal claim on Pump.fun's revenue; buybacks are a company policy that can change.
  • Platform revenue depends on meme coin trading, which is cyclical and can dry up.
  • An ongoing US class action alleging racketeering could lead to damages or restrictions.
  • Team and investor unlocks add supply over time.
  • Most coins launched on the platform lose nearly all their value, which may invite further regulation.

Pump.fun FAQ

Do I need PUMP to use Pump.fun?

No. You can create and trade coins on the platform with SOL; PUMP is separate.

How does the buyback work?

Pump.fun says half of its revenue is used to buy PUMP on the open market, and the purchased tokens are burned.

What is the lawsuit about?

A class action in New York alleges Pump.fun and related parties ran an unlawful memecoin scheme. In August 2026 the court allowed racketeering claims to move forward; no final ruling has been made.

Sources

  1. PUMP token: buyback dashboard — Pump.fun
  2. Popular crypto site Pump.fun raised $600 million in 12 minutes — Yahoo Finance
  3. Court allows RICO claims against Pump.Fun and founders to proceed — Wolf Popper LLP
  4. Aguilar v. Baton Corporation Ltd. d/b/a Pump.Fun, 1:25-cv-00880 — CourtListener
  5. Pump.fun — Wikipedia

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.