PumpPUMP price and how to buy

What PUMP is

Pump is the token associated with the launchpad that lets anyone deploy a memecoin in seconds using a bonding curve, which graduates to a normal AMM pool once it reaches a liquidity threshold.

The platform earns fees on every launch and trade, and has been responsible for a very large proportion of all new tokens created on Solana.

What PUMP is used for

• PUMP is a bet on memecoin speculation continuing as an activity. The platform earns fees on launches and trades, so the token's story rises and falls with how many people are creating and trading new tokens.

• It is the most direct way to take a position on Solana's launchpad activity rather than on any particular token that comes out of one.

• It is held by people who would rather own the venue than the things launched on it — an argument that works exactly as long as the venue keeps its share of that activity.

How PUMP trades

PUMP trades actively and its liquidity is adequate for ordinary swaps. What moves it is not depth but news about the platform, and that arrives in bursts. Its volume correlates closely with memecoin activity generally, which means the moments you are most likely to want to trade it are the moments everyone else does too.

Common mistakes

1. 1

   Treating a platform token as equity is the underlying error. It is not a share, it carries no claim on the fees the platform earns, and the business can grow while the token does not.

2. 2

   Revenue here depends on the most cyclical behaviour in crypto. A quiet few months for memecoins is a quiet few months for the thing underneath this token, and that turn can be fast.

3. 3

   The platform attracts regulatory attention because most tokens launched on it lose value quickly. That is a risk to the token that has nothing to do with how well the platform is run.

4. 4

   A wallet holding only PUMP cannot sell it, because the fee for that transaction is paid in SOL.

PUMP — Contract address

Symbols on Solana are not unique: anyone can mint a token using the PUMP ticker. Verify the mint address, never the name:

The swap panel on this page is already pointed at this mint.