A crypto trading platform on the Solana blockchain that enables people to create their own meme coins. Launched in January 2024, pump.fun, or just "Pump," became very popular with more than two million unique tokens created in its first year. When a Pump token reaches a $30,000 market cap, it achieves "King of the Hill" status, which causes it to be prominently displayed on the pump.fun home page. When it reaches $60,000, it transitions to the Raydium decentralized exchange and automated market maker (AMM) on Solana, enabling it to be traded on the open market. See
Solana,
AMM and
meme coin.