1010210102 Tokens
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PUMP

Pump.fun · Memecoin launchpad

58 /100
T3Mixed · #11 of 77
Cash flow routeCould move down ↓medium likelihoodReviewed Oct 23, 2026

Score qualifies for T2; held by Security 1 (needs 2), Distribution 0 (needs 1).

DemandSoundnessDurability
33 of 4519 of 406 of 15

Key facts

SupplyFloat 56% of issued supply
  • Circulating 461.34B, 46%
  • Locked or unvested 364.89B, 36%
  • Not yet issued 173.77B, 17%
  • Max 1.00T
FDV / market cap
1.8x
$3.5B / $2.0B
Market cap
$2.0B
Price $0.0042, 7d −7.6%

Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.

Assessment

Pump.fun's engine is cash flow: 50% of net revenue buys and burns PUMP every day, ~$0.65-0.7M a day, under a contract lock that runs from Apr 29, 2026 only to ~Apr 2027. Supply is fixed at 826.4B with the mint authority revoked, so burns only shrink it, but team and investor tranches of ~7-9B PUMP a month run to Jun 2029. Insiders took ~75%, and private buyers got the same Jul 2025 ICO price as the public. The bonding-curve and PumpSwap programs that hold user funds share one multisig upgrade authority with no timelock. The engine depends on the burn being renewed when the lock expires.

How value reaches holders

50% of net revenue (bonding curve, PumpSwap and Terminal across Solana, Base, Ethereum and BNB) auto-buys and burns PUMP daily, contract-locked from Apr 29, 2026 through ~Apr 2027: ~$0.65-0.7M/day (~$20M/30d, 49-52% of ~$1.3M/day revenue). Lifetime ~161B PUMP (~$434M) burned, including the Apr 2026 burn of the entire previously bought stack (~$370M, ~36% of then-circulating supply)

Score anatomy

Demand

33 / 45: the stronger of two routes, plus adoption

Why would anyone hold it: does value reach the token, and is the network or product used today?

Holder routing engine input
3

50% of revenue buys and burns PUMP, contract-locked only through ~Apr 2027

Policy-set material share (25%+), or plumbing at 25-50%How this is scored

Revenue reality engine input
4
Monetary usage engine input
0

Trading and buyback exposure only; essentially no PUMP posted at lenders.

Trading onlyhigh confidenceHow this is scored

Adoption ×3
5

pump.fun plus PumpSwap fees $1.23B TTM (+25% YoY) vs Pons $169M and Flap $89M; PumpSwap did $234B volume (+57%), 7% of all DEX volume: the default launchpad

Reference: the category's default by a wide margin, the venue, network or asset others are measured againstmedium confidenceHow this is scored

Two routes, the stronger counts

01234530cash flowmoney
Revenue 4, minus 1 for routing 3 = cash flow 3. Money use 0. The engine is the stronger route: 3.

Soundness

19 / 40

Can a long-term holder trust the rules: supply, float, distribution and control?

Supply discipline ×3
5

Token-2022 mint authority revoked (read Oct 23, 2026): supply is fixed at 826.4B after ~174B burned, and buybacks only shrink it.

Hard cap or net deflationary by protocol rule, under 1%/yr gross growth, and nobody can mint past the cap or change the schedule short of a hard fork node operators adopthigh confidenceHow this is scored

Float and unlocks ×1
2

Float 56% (461.7B of 826.6B); team and investor tranches of ~7-9B PUMP a month (~1.5-2% of float) run to Jun 2029.

1.5-3% of float unlocking per monthmedium confidenceHow this is scored

Distribution ×2
0

Jul 2025 ICO at $0.004: public 12.5% and private 18% at the same price; team 20%, earlier investors 13%, company-run community/ecosystem 24%: insiders ~75%

Insiders received over 50%, or one organization directs over 30% todayhigh confidenceHow this is scored

Decentralization and security ×2
1

The bonding-curve and PumpSwap programs that hold user funds share one Pump.fun multisig-PDA upgrade authority with no timelock (read Oct 23, 2026); PUMP mint and freeze authorities are revoked

A halt, rollback or exploited consensus bug in the last 24 months, attack cost under $10M, or a foundation-selected validator set or small multisig can halt or upgrade with no meaningful exit windowhigh confidenceHow this is scored

Durability

6 / 15

Is it big, proven and reachable by institutions?

Scale ×1
4

$2.1B market cap (band 4), $213.9M/day median volume (band 4), no flags.

Major: $1-10B market cap and $50M/day+How this is scored

Track record ×1
1

TGE Jul 12, 2025: 1.3 years old.

1-3 yearshigh confidenceHow this is scored

Institutional access ×1
1

Spot on Binance, Coinbase, Kraken, OKX, Bybit, Gemini and Upbit; no ETP or US filing confirmed.

Top-tier exchanges only, or delisting pressuremedium confidenceHow this is scored

What would move it up

To reach T2 Strong, 2 gates are still open:

  • Security 1needs 2(open)
  • Distribution 0needs 1(open)
  • Score 58gate 55(met)
  • Value engine 3gate 3(met)
  • Adoption 5gate 3(met)
  • Supply 5gate 2(met)
  • Float and unlocks 2gate 1(met)
  • Scale 4gate 3(met)

Tier outlook · next trigger Apr 29, 2027

Could move down ↓medium likelihood

  • Holder routing falls if the 50% buyback-and-burn lapses when the contract lock ends ~Apr 29, 2027
  • Revenue holds the $100M-1B band only while memecoin launch flow holds (~$350-480M annualized vs $971M in FY2025)
  • Float absorbs ~7-9B PUMP of team and investor unlocks a month through Jun 2029
  • Security rises to 2 if the bonding-curve and PumpSwap upgrade authority moves behind a timelock

Compare with

How the ranking works and how PUMP compares: see the full ranking. This entry as JSON:

GET https://tokens.10102.io/api/v1/tokenomics?symbol=PUMP