Pump.fun (PUMP)

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Historical price evolution of Pump.fun

Daily historical data. Updated automatically.

Pump.fun has its origins on 19th September 2023, when Noah Tweedale, Alon Cohen and Dylan Kerler, three British entrepreneurs frustrated with the risks of memecoins and rug pulls, registered the pump.fun domain. The platform was officially launched on 19th January 2024 on Solana, allowing the creation of tokens in seconds without code, without presale and without allocation to the team, through a bonding curve system.

On 16th May 2024, the platform faced its first security incident when a former employee extracted approximately 12,300 SOL (around 2 million dollars) by manipulating the bonding curves with flash loans from Raydium. In response, Pump.fun suspended operations, redeployed its contracts and published a post-mortem of the incident. The attacker was subsequently arrested in the United Kingdom. In August 2024, the platform eliminated the token creation fee that was previously 0.02 SOL, making creation completely free.

In September 2024, the platform's accumulated revenue exceeded 100 million dollars, positioning it as the fastest growing crypto application in history according to some metrics. In November 2024 the incident known as "Gen Z Quant" occurred, where a minor under 13 created a token via livestream, sold 5% of the supply upon reaching 1 million dollars market capitalisation and abandoned the project. The community responded by taking the token to 85 million dollars, after which Pump.fun indefinitely suspended the livestreaming function.

In December 2024, the British FCA warned Pump.fun for operating without authorisation, which led the platform to geoblock all users from the United Kingdom. On 30th January 2025 it faced a class action lawsuit in the Southern District of New York for allegations of operating as an unregistered securities exchange. In March 2025, the platform launched PumpSwap, its own DEX that replaced Raydium as the destination for graduated tokens, consolidating liquidity within its ecosystem.

In May 2025 it introduced the Creator Revenue Sharing programme, through which creators of graduated tokens receive 50% of PumpSwap's protocol revenue (equivalent to 0.05% of volume). On 12th July 2025, the ICO of the PUMP token set a record by raising 600 million dollars in public sale that sold out in 12 minutes, with a total raised of 1,300 million dollars, becoming one of the largest ICOs in Solana's history. On 16th September 2025, Pump.fun recorded its first day with daily volume exceeding 1,000 million dollars, positioning itself as the third DeFi protocol by daily revenue, after Tether and Circle.

On 9th December 2025, CoinDesk included Pump.fun in its "Most Influential 2025" list, at which point the historical accumulated volume exceeded 150,000 million dollars according to DeFiLlama. In March 2026, the application incorporated support for external assets such as WBTC, USDC and tokens from rival launchpads, transforming from a pure launchpad to a multi-asset trading interface. During the first quarter of 2026, Pump.fun's DEX volume exceeded 2,000 million dollars in the quarter.

Pump.fun operates as a token launch platform built on the Solana blockchain, designed so that any user can create a memecoin in a matter of seconds without requiring technical knowledge or programming. The process is reduced to entering three basic elements: token name, identifying symbol (ticker) and associated image, after which the smart contract is automatically deployed on the network. Each created token functions through a bonding curve system, an algorithmic mechanism where the price adjusts automatically according to buying and selling activity: it rises with each purchase and falls with each sale, eliminating the need for traditional liquidity pools or external market makers.

The ecosystem includes an automatic "graduation" process that is activated when a token reaches approximately $69,000 of market capitalisation. At this point, the token automatically migrates to PumpSwap, the platform's own decentralised exchange, where the liquidity provider tokens are burnt to lock the liquidity permanently. Pump.fun's economic model is sustained by 1% fees on all operations carried out on the bonding curve and 0.25% on PumpSwap, whilst token creation remains free for users. The platform implements a fair launch system that excludes presales, allocations to the development team and vesting periods, although it does not prevent soft rug pulls, situations where creators liquidate accumulated positions following significant price increases. The native PUMP token, launched in July 2025, functions as a utility and governance element within the ecosystem.

Data verified against external sources. Some values may have changed since the last update.