What Is Pump.fun: The Rise and Controversy of a Meme Coin Giant
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The meme coin sector of the crypto market is posting growth rates that make even the most conservative investors pause and think. In addition to becoming a viable consideration for many crypto investors, meme coins have helped create an entire subculture — the world of witty, funny, silly, obscene and sometimes outrageous memes that have become full-fledged assets traded on crypto platforms.
And just when you thought that the meme coin market couldn't "explode" further, Pump.fun has arrived on the stage, posting eye-popping revenues and enabling thousands upon thousands of new controversial and amusing meme coins. A Solana-based platform designed to help launch scam-free meme assets, Pump.fun has been reported to notch up daily revenues that beat the earnings of industry giants, such as Ethereum (ETH), Solana (SOL) and Uniswap (UNI).
It's easy to see why Pump.fun is attractive to users. The platform stresses that its token launch mechanism protects investors against crypto scams such as rug pulls through a fair launch system and the absence of any vesting and locking periods. Rug pulls and other types of scams are major — though not the only — detriments to meme coin investment. Pump.fun intends to change the status quo — and looks pretty darn serious about it.
Key Takeaways:
Pump.fun is a Solana-based platform that facilitates fair launches of meme coins, based on a unique bonding curve pricing model.
Launched in late January 2024, Pump.fun has registered nearly 12 million token launches by mid-July 2025, and has established itself as a key player in the meme coin niche.
Pump.fun has announced a token launch for its native token, PUMP, on Jul 12, 2025, with Bybit among the leading exchanges offering token sales.