In 2024, crypto’s wildest wave wasn’t Bitcoin
or even Salana. It was Pump.fun. This platform didn’t just surf the memecoin mania. It became
the epicenter of it, launching millions of tokens, driving billions in trading volume, and making
plenty of headlines along the way. Now, with a highly anticipated token launch on the horizon,
the debate is raging. Is this exit liquidity for insiders or the start of the next memecoin super
cycle? That’s why today we’re diving deep into pumpf fun, how it took over the crypto space,
what’s next for the protocol, and whether its token could reshape the memecoin landscape. My
name is Guy and this is a video you can’t afford to miss. Okay, let’s start as ever with a bit of
background. Launched in January 2024, Pump.fun wasn’t the first memecoin launchpad, but it was
the first to offer anyone anywhere the power to launch a token in under a minute. No coding
or insider connections required. And the team behind Pumpfund didn’t come out of nowhere either.
Alan Cohen and his two co-founders had already spent years as active participants in crypto,
trading, collecting NFTts, and experimenting with SocialFi long before launching their own
project. And they admit that before Pump. Fun, they built a string of projects that never
quite found traction. As Alan put it, quote, “We weren’t building for today’s users. We were
always a few steps ahead or behind.” That changed though when they turned their attention to Salana
in late 2023. At the time, memecoin activity on Salana was surging, but the process was broken.
Pre-sales were rampant. Launching required thousands in upfront liquidity and rugps were an
everyday occurrence. According to Allen and Co., too many projects were gatekept by developers
or insiders, and the odds were always stacked against ordinary participants. That frustration
led directly to Pumpot Funds breakthrough, a fair launch model built around a bonding
curve system. This approach made every token accessible for a nominal fee with no pre-sales,
team allocations, or hidden insiders. Everyone, including the creator, had to buy in on equal
terms. So, if you could upload a meme and pick a ticker, you too could launch a token. It all
sounds wonderfully simple in hindsight, but in the early days, growth was anything but guaranteed.
The team built their user base the hard way, cold messaging thousands of traders across
Twitter and Telegram and pitching Pump. Fun as the most accessible memecoin launchpad in crypto.
Notably, there was no slick influencer campaign or marketing budget. Just persistent outreach,
genuine user feedback, and constant refinement of the platform. But it all paid off because by
March 2024, the site was seeing so much traffic that its servers crashed. As the NFT bull run
had shown before, in crypto, overwhelming demand is often the best proof you’re on to something.
And the statistics speak for themselves. Within its first 7 months, Pump. Fun saw over 2
million tokens launched. And at its peak, more than 60,000 created in a single day. By the
summer of 2024, the platform was pulling in more daily fee revenue than the Ethereum blockchain.
Of course, this wave of success brought scrutiny and controversy, too. Some critics were quick to
call it quote the worst on Earth, citing data that showed fewer than 1% of tokens ever reaching the
so-called graduation threshold to become tradable on a major deck. Rugpulls and failed projects
dominated the headlines, even as Pump. Funds team pointed to the fair launch rules as proof of their
commitment to transparency. And by the way, if that have come before? Well, first of all,
Pump. Fund’s entire ethos is simplicity. Anyone can connect a Salana wallet, upload an image,
pick a name and a ticker, and launch a token, often for less than the cost of a cup of coffee.
Initially, anyone launching a token paid a $2 fee directly to the platform. But later, this fee
was shifted to the first buyer, making token launches free for creators. This change sparked
an explosion of token launches and daily revenue. Now, what’s truly unique about Pump DotFun is the
bonding curve mechanism for newly launched tokens. Instead of requiring users to seed thousands
of dollars in liquidity upfront, each new token starts with a virtual pool and the price rises
automatically as buyers join. The curve follows a simple mathematical formula mirroring the
popularity of unis swap v2 ensuring early buyers get the best price and the cost rises predictably
as demand grows. This structure not only creates immediate liquidity but also rewards early
community participation. Next there’s the fair launch model. Now, unlike traditional launches,
Pump.f fun prohibits pre-sales, team allocations, and any reserved tokens for insiders. Even the
creator must buy tokens just like everyone else. There are no hidden vesting schedules or stealth
allocations. When a coin is launched, all tokens are up for grabs on the open market. Once a
token’s market cap hits the graduation threshold, the protocol automates the next phase. The token
and a chunk of the liquidity are transferred to a decentralized exchange. Now in Pump Fund’s first
year, this meant being transferred to Radium, the biggest DEX on Salana. Later though, with
the launch of Pump Swap in March 2025, this entire process moved inhouse, creating a seamless
or quote frictionless experience for traders while reducing migration fees and delays and ending
the close partnership with Radium. Importantly, there are no privileged insiders, in theory at
least, with liquidity being locked and partially burned when a coin graduates. However, it’s
still a wild market. Data shows fewer than 1% of tokens make it to this stage, and only a
fraction hold meaningful value after listing. A further major upgrade arrived in May 2025 when
Pump. Fun introduced creator revenue sharing. Now, every time someone trades your coin on Pump Swap,
the creator earns a share of the protocol’s fees. Specifically, 50% of all Pump Swap revenue is
distributed back to coin creators, with each trade earning the creator 0.05% of the trading volume
paid out in Soul. To put that into perspective, $10 million in trading volume on a single token
would net the creator $5,000, making Pumpfun by far one of the most rewarding launchpads for
coin creators in the entire crypto space. And this update marked a major shift away from the
old one and done memecoin model, giving creators a powerful incentive to build communities and keep
their tokens active well beyond launch. However, pump.fund fun hasn’t stopped there. The platform
also introduced social features, live chat, coins specific discussion threads, and even live
streaming for a select group of users. Now, while this brought new ways for communities to engage,
it also required a massive overhaul of moderation after harmful content began to surface. So, the
team paused, rebuilt, and gradually reintroduced these social features later on. Meanwhile, on
the technical side, Salana’s architecture, fast finality, low fees, and parallel execution made
Pump Fund’s viral scale possible. At its peak, the platform saw millions of transactions per day
and processed over $700 million in protocol fees in just 12 months. These numbers simply wouldn’t
be possible on a slower or more expensive chain. And if you’re looking for an edge in the memecoin
market, then it might be worth checking out Axiom, highly anticipated Pump. Fun token. After a year
of record revenue and relentless memecoin mania, rumors began swirling in mid 2025 that Pump. Fun
was preparing for a billion token sale targeting a $4 billion valuation and listings on major
exchanges. Now, while the exact details aren’t confirmed yet, the market is already rife with
speculation and predictably divided opinions. So, what do we actually know? Well, multiple
credible reports suggest a planned raise of $1 billion with a 10% airdrop for the community
and the remainder split between investors, team, and future incentives. Insiders say the token
will likely come with governance rights and could also expand the existing revenue sharing
model, meaning memecoin creators and potentially memecoin token holders may both receive a slice of
the pump swap dex’s protocol fees. If successful, this would make pump one of the first memecoin
platforms to truly align incentives between the protocol, creators, and community. The move
also puts Pumpot Fund in direct competition with platforms like Radium’s Launch Lab and
other new projects offering their own fee sharing and token launch features. However,
the timing is interesting to say the least. After a meteoric rise in 2024, both revenue and
trading volume have crashed back down to Earth. January 2025 saw the platform pull in $137
million in fees, but by May, this had dropped to $46 million. Now, some observers see the token
as a timely catalyst for the next Memecoin wave, while others though fear it could signal a local
top or even act as an exit liquidity event for early investors and users of the platform.
But more on that in a bit. At the same time, the team appears keen to distance themselves
from pure speculation. Founder interviews and community calls have consistently emphasized
long-term sustainability, the importance of genuine product innovation, and a vision of
pump.fun. Revenue sharing, better security, and ongoing product upgrades are all pitched as proof
that the protocol is evolving beyond its roots. That being said, however, the details around token
mechanics, vesting, and airdrop eligibility remain closely guarded secrets, at least at the time of
shooting. Now, if you’re wondering where Pump.fund goes from here, you’re not alone. While Pump.fund
doesn’t have an official public road map, potential milestones and future directions can
be pieced together from founder interviews, community calls, and recent platform updates.
The first milestone is all about security and user trust. After a year that saw everything from
bonding curve exploits to rampant rugps, the team has signaled that an enhanced token verification
system is a top priority. The aim is to bring greater transparency for users potentially through
verification badges or clearer risk warnings. If successful, this could help Pump. fund move
beyond its wild west reputation and appeal to a wider more riskconscious audience. Meanwhile, a
second milestone centers on product innovation and the user experience. With the launch of Pump
Swap, the team is focused on creating a more seamless and accessible trading environment. And
this includes upgrading the trading interface, rolling out enhanced analytics, improving mobile
support, and gradually reintroducing social features like live chat and live streaming, but
this time with stricter moderation and more robust community reporting tools. A third milestone
is crosschain expansion. While Pump Fund’s roots are firmly in Salana, the team has openly
hinted at ambitions to support token creation on other chains. including Ethereum’s layer 2s
and Tron. This move aims to maintain Pump Block Fund’s competitive edge against new launchpads
like Sunpump and Moonshot and to capture users from other communities. Fourth, there’s a clear
focus on community and social integration. The founders have repeatedly emphasized the importance
of building advanced social features, native chat, coin Pacific threads, DMs, and communitydriven
engagement to ensure pump. fund remains the cultural heart of memecoin trading and not just a
technical launchpad. Above all, however, the most significant milestone is the founders’s repeated
commitment to the long-term sustainability of pump fun. In multiple interviews, they’ve stressed
that their goal is to build a platform that isn’t just a passing trend or a one cycle wonder.
Instead, pump.fund fund aims to keep innovating, listening to its users, and refining its approach
so that it can serve both creators and traders well into the next market cycle, regardless of
how quickly narratives shift in crypto. That said, whether Pump Fund can maintain its relevance if
the spotlight shifts away from memecoins and back towards utilitydriven projects remains to be
seen. And this, naturally enough, brings us to the challenges that Pumpfund could face. The first
challenge is the cyclical and often unsustainable nature of memecoin hype. Pumpot fun has thrived as
a product of the right place, right time dynamic, surging alongside the memecoin mania that swept
crypto in 2024 and early 2025. But if there’s one thing that history teaches us is that memecoin
cycles don’t last. They tend to be short-lived and react quickly to shifts in sentiment. After
the launch of the Trump and Melania meme coins, followed by the outright scandal around Libra,
excitement dried up almost overnight. And with it, so did the flood of new money and user activity
on Pump. Fun. It isn’t just a pump. Fun problem, though. It’s the reality for every platform that
builds on trends rather than lasting fundamentals. In many ways, memecoins have served as a postc
crash revival tool for retail, drawing users back after crisis like FTX. But these waves rarely
last. When attention shifts or fatigue sets in, growth can vanish as quickly as it appears. And
this relates to Pump. Fund’s second challenge, which is the platform’s economics. While Pump
Fund’s bonding curve and fair launch design aim to democratize token creation, the odds for most
users are stacked against them. Only a fraction of tokens ever graduate to a major deck. Most fail
outright or disappear as soon as the hype dies. Analysis by Solidus Labs showed that over 98% of
pump fund tokens were either abandoned or part of pump and dump schemes and just a tiny percentage
delivered lasting value. Even during the height of the mania, June data revealed that 99.6% of
traders never locked in more than $10,000 in profits. And this has led to persistent criticism
that the real winners are insiders, snipers, bots, or token creators using memecoins to extract value
from the broader crypto public. Scandals like Libra offered a glimpse into how complex networks
of wallets and orchestrated launches can leave most investors holding the bag. And this ties into
the third challenge, which is the mounting legal, regulatory, and competitive pressure facing pump.
Pump Fund’s rapid success has brought increased scrutiny from both regulators and rivals. The
UK financial conduct authority has forced the platform to block British users and ongoing
litigation has kept the future of memecoin launchpads murky. At the same time, competition
is intensifying. Radium’s Launch Lab, Sunpump, Moonshot, and a growing list of upstart platforms
are offering their own versions of token launches, revenue sharing, and communitydriven innovation.
Each is aiming to solve the problems Pump. Fund faces from security and transparency to fee
structures and user incentives. In such an environment, staying ahead means not just
innovating, but navigating a landscape that’s constantly shifting both legally and culturally.
With all that said though, it’s clear the pump. Fun story is far from over. It stands as a
testament to the power of timing, simplicity, and culture in crypto, having brought millions of
new users into the space for better or for worse. The upcoming token launch could prove to be a
turning point, either reigniting excitement or confirming the skeptics’s worst fears. While pumpf
fun isn’t without its challenges, at the same time it’s doubling down on innovation, social features,
and new incentive structures, hoping to carve out a lasting role beyond just memefueled speculation.
For now, though, Pump. Fun is both a case study in what makes crypto so unpredictable and a reminder
that in this space, the next chapter is always unwritten. Whether it adapts and builds something
sustainable or fades away as just another product of a wild era will depend on what happens next. So
let’s just hope the worst of the memecoin scandals are now behind us. I for one though will believe
that when I see it. And that’s all for today’s video folks. If you want to dive deeper into the
Libra scandal, then check out our video on it right over here. And if you haven’t subscribed
to the channel yet, you can do that right over here. Thanks so much for watching and I’ll see
you again very soon. This is Guy signing off.
