Pump.Fun Ignites Meme Finance Revolution, PUMP Becomes Spot Market Focus

Pump.Fun: Innovative Token Distribution Mechanism

Pump.Fun is a decentralized meme coin generation and launch platform, allowing users to create, add liquidity, and launch tokens through simple steps. The platform automatically directs the minting funds into the trading pool, enabling on-chain instant trading possibilities.

This mechanism democratizes the issuance of Meme coins and also promotes the increase in trading frequency on the Solana chain and the enthusiasm for community creation.

PUMP issuance achievements and subscription craze

The platform’s native token PUMP connected with Gate and others through the Launchpad model, raising 500 million dollars in just 12 minutes during the public offering in early July, setting a new record for the financing speed of Meme coin projects.

The public offering price is 0.004 USDT. After the launch, the price quickly surged, currently fluctuating between 0.0056 and 0.0059 USD, which is an increase of about 40-50% from the public offering price, and market enthusiasm continues.

Spot market and market depth

As of the time of writing, the latest price of PUMP is approximately 0.00547–0.00591 USD, with a 24-hour trading volume of about 1 billion USD and broad market participation. The Gate platform shows a trading volume of 190 million USD, with a price of approximately 0.00560 USDT; platforms such as Bybit and MEXC are also actively trading, with prices mostly concentrated around 0.00560–0.00562.

From a technical perspective, PUMP experienced a rapid increase on the first day followed by a slight pullback, and is currently in a consolidation phase. Attention should be paid to the support and resistance levels in the range of 0.0054–0.0062.

Community Co-constructed Liquidity Model

The liquidity mechanism of Pump.Fun is fully decentralized. The team only provides 4 million USD in initial funding, while the remaining liquidity is gradually supplemented by community users, driving the total liquidity to over 50 million USD and maintaining good trading depth.

A large number of LPs come from regular wallet addresses, and trading fees are returned to the token founders, further incentivizing Makers to participate in liquidity building and community maintenance.

User Perspective: How to Participate

1. Centralized exchange trading: Gate, Bybit, MEXC, etc. offer the PUMP/USDT market, supporting limit orders for buying and selling.
2. On-chain trading: You can trade and add LP on Raydium and Jupiter using a Solana wallet (such as Phantom);
3. Focus on airdrops and incentives: The community airdrop ratio is 24%, and users can participate in the reward program through LP and holding tokens.
4. Risk Control: It is recommended to open positions in batches, use limit orders, and set take profit and stop loss points to cope with volatility risks.