Buy Pumpfun

Pump.fun is a platform for creating and trading memecoins, mainly on the Solana blockchain. Anyone can launch a coin in a few steps, and it trades straight away on a bonding curve that sets the price automatically. Coins that attract enough buying move on to PumpSwap, Pump.fun's own decentralised exchange. The company has since added a trading terminal and other tools built around the same activity. Our guide to Pump.fun explains how launching and trading coins works.

PUMP is the platform's own token. It is separate from the thousands of memecoins launched on Pump.fun, and buying PUMP is a bet on the platform rather than on any one of those coins.

What PUMP is, and what it isn't

At the contract level, PUMP is a Solana token issued under the Token-2022 standard. Its mint and freeze authorities have been removed, so no new PUMP can be created and nobody can freeze holders' tokens.

You don't need PUMP to use Pump.fun. Trading fees on Pump.fun are paid in Solana or the pool's quote asset, not in PUMP, and the token has no required role on the platform.

Holding PUMP gives you no governance vote, no equity in the companies behind Pump.fun and no right to its revenue. Pump.fun's own token page states that PUMP does not represent a right to revenues or any other distribution.

How the PUMP buyback works

Pump.fun links the token to platform activity through buybacks. It uses a share of its revenue to buy PUMP on the open market and then burns those tokens permanently, which reduces the total supply.

This is a company decision rather than a holder right. In April 2026 Pump.fun made a one-year commitment to run the program automatically, with no stated plan to renew it. The operator can change the buyback rate without a vote by token holders, according to a token transparency filing. Buybacks also depend on revenue, and that revenue comes mostly from memecoin trading, which rises and falls sharply with market sentiment.

Who controls Pump.fun

Pump.fun launched in January 2024. Its founders are Alon Cohen, Noah Tweedale and Dylan Kerler. Baton Corporation Ltd, a company registered in England and Wales, develops and operates the platform. The platform terms name Baton and an affiliated company, Bracket, as the Pump entities behind the platform and its intellectual property. A Pump Foundation also exists, but few details about it have been published.

Control is centralised. Baton holds the keys that can upgrade Pump.fun's core programs and change platform settings, including the buyback. Token holders have no formal say in these decisions.

Track record

Pump.fun has grown quickly, but its history includes several serious problems:

• Exploit, May 2024. A former employee used privileged access to drain funds from the platform's bonding curves. Trading was paused and the contracts were redeployed. The Defiant's report covers what happened.
• Livestream controversy, November 2024. Pump.fun suspended its livestream feature after users broadcast harmful content. It later brought livestreams back under a moderation policy.
• UK restrictions, December 2024. After the Financial Conduct Authority added Pump.fun to its warning list, the platform blocked users in the UK.
• Litigation. Pump.fun's operator and founders face a US class action, Aguilar v. Baton Corporation, which alleges that the platform enabled a scheme that caused losses for memecoin buyers. In August 2026 the court allowed racketeering claims brought by some plaintiffs to proceed against Baton and the three founders. It dismissed other claims, including the securities law claims and all claims against Solana Labs and the Solana Foundation. The remaining allegations have not been proven. The court docket is public.

Risks to understand

• Volatility. PUMP's price can move sharply in both directions, and it tends to follow memecoin trading activity.
• Buyback dependence. Support from buybacks lasts only as long as Pump.fun earns revenue and chooses to keep the program running.
• Token unlocks. Team and early investor allocations are being released gradually over several years, which adds supply to the market.
• Concentrated control. One company can upgrade the platform and change its economics, and holders have no vote.
• Legal and regulatory risk. Lawsuits or regulatory action could restrict how Pump.fun operates or where it is available.
• No government protection. PUMP is not a bank deposit and is not covered by the Financial Claims Scheme.

Send PUMP on the right network

PUMP is a Solana token. Use the network CoinJar specifies for deposits and withdrawals, and make sure the receiving wallet supports Solana's Token-2022 standard. Many coins launched on Pump.fun use similar names, so check the token's contract address rather than relying on the ticker. Our guide to transferring crypto on the wrong network explains what to check.

Buying PUMP on CoinJar

CoinJar has operated since 2013 and lists PUMP against Australian dollars, so you can buy, sell and hold it without converting through another cryptocurrency first. Current charges are on our fees page, and live Australian dollar rates are on our cryptocurrency prices page.