Pump.fun (PUMP)

Use Case of Pump.fun

Pump.fun allows users to launch a new coin that is instantly tradable without needing to add liquidity first. This makes it easy and fast to create and trade new crypto tokens.

Pros

• Pump.fun allows launching a coin that is instantly tradable without needing to seed liquidity, making it easy and fast to start trading.
• The PumpFunCoin is community-driven with zero developer holdings, ensuring full decentralization and control by holders.
• Fair launch system guarantees everyone starts equally, with no tokens reserved for developers or insiders.
• Pump.fun is popular in the memecoin community and has quickly gained prominence.
• The $PUMP token is the official utility token of the platform, providing access to the Pump.fun ecosystem.
• The platform does not charge extra fees on its frontend services beyond standard fees.

Cons

• No specific cons are detailed in the available information.

Founders

Pump.fun was founded by a trio of English entrepreneurs: Noah Tweedale, Alon Cohen, and Dylan Kerler.

Roles

• Alon Cohen is the most publicly known founder and often represents the project in interviews and AMAs.
• Dylan Kerler leads the development team responsible for coding and new features.
• Noah Tweedale has spoken about the founding motivations and the team’s vision.

Background

They started Pump.fun due to frustrations with trading memecoins and the risks involved, aiming to create a platform for easy memecoin creation and trading.

Investors in Pump.fun

Pump.fun's investors include both private and public participants. Specifically:

• Private Sale Investors: 18% of the total PUMP token supply was allocated to private sale investors before the public ICO.
• Public ICO Investors: 15% of the total supply was made available to the public during the Initial Coin Offering (ICO) on July 12, 2025.
• Launch Partners: Major cryptocurrency exchanges such as Kraken, KuCoin, Bybit, Bitget, Gate, and MEXC are launch partners involved in the token sale and distribution.
• Community and Team: Large portions of tokens are also allocated to the project team and community members, with some tokens locked for one year before gradual unlocking.

The ICO and token sale focus on markets in Asia and select European countries, excluding investors from the US, UK, and EU due to regulatory reasons. The token sale aims to raise up to $1 billion, valuing Pump.fun at around $4 billion.

Halal Status of Pump.fun

• No: Pump.fun is generally considered not halal because it involves pump and dump schemes, which are viewed as deceptive and unfair in Islamic finance. These schemes manipulate prices to benefit a few at the expense of others, which is considered haram (forbidden).
• Reason: Pump and dump activities create false market impressions and exploit uninformed investors, which goes against principles of fairness and honesty in halal investing.
• Community View: Islamic finance forums and halal investor communities widely regard organized pump and dump schemes as haram due to their deceptive nature.

For more details, visit https://pump.fun/.