#PumpFun — one of the fastest-growing crypto applications in recent years. This is an ecosystem that allows any user to launch a token in seconds, and traders to trade it before it appears on DEX. A simple interface, meme dynamics, and viral culture have made Pump one of the most popular crypto products of 2024–2025.
🚀 PumpFun Ecosystem
The platform consists of three key components:
1️⃣ Bonding Curve
This is the place where every new token appears and grows in price according to a predetermined formula. Pump receives a 1% commission on all purchases at this stage.
• Average: 106 thousand active addresses per day
• This is below the peak of 2024, but still a huge activity for a bear market.
2️⃣ PumpSwap DEX
When 80% of the coin's supply is sold on the curve, the token is 'released' on its own DEX Pump.
• Average: 219 thousand active addresses per day
• The protocol earns 0.05% on each transaction.
Important: although only 1.7–4% of tokens reach DEX, they account for 60% of the total trading volume.
3️⃣ Padre
Trading terminal purchased by Pump Fun in October 2024.
Since its inception, Padre has already collected 159 million $ in fees, while Pump has 11.2 million $ after purchase.
📊 Volumes and activity
In the last 90 days, the Pump ecosystem has generated:
• 312 million $ trading volume per day
• +16% compared to the first quarter
• Market share of Solana: 10.8%
Bonding Curve provides 40% of volume, DEX — 60%. And this is considering that less than 2% of projects reach DEX — a strong signal of quality.
💰 Financial indicators (very important section)
Pump Fun is a real profitable business, and the figures confirm this.
Revenue since inception:
* 828 million $ — Bonding Curve
* 54.5 million $ — DEX
* 11.2 million $ — Padre
In total: almost 900 million $ over 19 months.
Average income over the last 30 days:
1.28 million $ per day — for a bear market, this is an extremely high figure.
Valuation: P/S ratio = 2.27
For comparison:
• Meta — 8.83
• Coinbase — 10
• Robinhood — 29
• Nvidia — 23
👉 PUMP looks undervalued relative to its revenue.
🔥 Buybacks of the PUMP token
Pump uses an aggressive token buyback program.
• Bought back: 46 billion tokens (4.6% of supply)
• Total: nearly 900 million $ over 19 months.
• This is 90% of all revenue directed to buyback since July 2025
• Average daily buyback: 1.7 million $
For the token, this is a powerful support for value.
👥 Holders of PUMP: structure and risks
Total holders: 110.9 thousand.
Breakdown:
* <1,000 tokens ($3): 59,927
* 1–10k: 24,701
10–100k: 16,461
* 100k–1m: 7039
1–10m: 2149
* 10–100m: 553
100m–1b: 174
* > 1b: 54
Main conclusions:
* 91% hold less than $300
* Only 9% of wallets hold an amount above $300
* The 20 largest holders control 82% of the supply
* A major unlock of $246 million is due in July 2026
👉 Concentration among large wallets — a key risk.
🪙 Tokenomics of PUMP
Total supply: ~1 trillion
🔓 Distribution:
* ICO — unlocked
* Community — 76% open, the rest in July 2026
* Team — 0% until June 2026, then linear unlock until 2029
* Investors — according to the same schedule
* Eco fund/liquidity — unlocked
The main date — summer 2026, when the team and investors start receiving tokens.
⚠️ Main risks
• Large unlocks in 2026
• High concentration among top holders
• Potential decline in activity in a prolonged bear market
• Competition among token launch platforms
• Dependence on meme coin culture
🐂 Pros (bull scenario)
• Viral growth and a large user base
• Huge trading volumes even in a bear market
• The platform controls the entire lifecycle of the token
• One of the most effective buyback mechanisms
• Extremely high revenue without marketing and sales department
• Pump has become a real consumer product of Web2 scale, but built on crypto rails
Technical analysis: 
pumpfun is searching for the bottom, while holding in the range of 0.0025$~0.003$, but we could very well go to 0.0018$ (bottom by atr 0.001871$) the first speculative target is 0.004-0.0045$, but still, it all depends on BTC movement, and then I would look towards altcoins, especially such risky ones as pump, the volumes are still lacking, there is interest in openings, but not enough to drive the price up or say that the token can be bought right now, so the position here is quite cautious, although as of 6.12.25 the fall has stopped, but it could very well be a rebound, we will keep an eye on it! Wishing everyone a great and productive time! Take care of yourselves and stay healthy!
