Pump.fun is a Solana-based platform where users create tokens that are immediately tradable through an on-chain constant-product bonding curve. Buyers raise the price and sellers lower it; there is no orderbook, presale, team allocation, or initial liquidity to seed. When a token reaches Pump.fun’s market-cap graduation threshold, its bonding curve closes and its liquidity migrates automatically and irreversibly to PumpSwap, where it becomes a canonical pool. The platform charges trading fees split among the token creator, protocol, and liquidity pool; creators may also direct their fee to holders. Pump.fun is operated by Pump and affiliated entities, per its terms of use, and publishes official documentation and a public developer-docs repository.
Who it is for: People who want to launch or trade Solana tokens without manually deploying a contract or seeding liquidity.
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