Pump.fun wallet

What is Pump.fun (PUMP)?

Pump.fun is the Solana launchpad where anyone can mint a meme coin in a few seconds and have it trading immediately on a bonding curve, with graduated coins moving over to the platform's own exchange, PumpSwap. PUMP is the token of that platform itself, not one of the coins created on it. It was distributed through a public sale rather than through the launchpad's own curve, and the platform ties the token to its business through fee-funded buybacks of PUMP on the open market.

Holding PUMP is holding a standard SPL token on Solana, and that brings the usual Solana mechanics with it. The wallet needs a small amount of SOL: every transfer pays its fee in SOL, and the first time an address receives PUMP the network creates a token account for it, which locks a tiny SOL deposit as rent. If the SOL balance is zero, PUMP cannot be moved, even though it is sitting right there.

The bigger trap is the name. Pump.fun mints thousands of coins a day, and a good share of them use the words "pump", "pumpfun" or the ticker PUMP in an attempt to look like the platform token. Ticker and name alone prove nothing on Solana; only the mint address identifies the real asset. Before receiving PUMP from an exchange or a swap, or adding it manually, compare the mint with a reliable listing of the platform token and not with a search result inside a DEX.

Supported networks in Tangem (1): Solana.

In practice PUMP tends to move often: in and out of PumpSwap, between trading and cold storage, on to whatever the platform does next. In Tangem every one of those transfers is signed with a tap of the card against the phone, no cable and no battery to keep alive, and the SOL that pays for each step lives in the same wallet next to the PUMP balance. For a token this active, that pairing of quick signing and the fee coin already in place is the reason to keep it there.