Pump.fun is a new website that makes trading meme coins like Solana more exciting. It stands out because it tries to stop scams called ‘rug pulls’ and makes sure all the tokens on its platform are safe. Every coin on Pump.fun is launched fairly, without selling any coins before the launch or giving any to the team.
However, you should still be careful. Even though Pump.fun does a lot to make trading safer and fairer, there’s still a chance of encountering a scam.
In this guide, I will show you how to use Pump.fun and how to stay away from possible scams.
When you open Pump, you’ll see all the available coins right away. You can quickly check the market value of each coin. If you click on a coin, you’ll find more details like comments, social media links, and how the coins are distributed among holders.
Buy the coin
Once you find a coin you like, you can buy it on the bonding curve. This process is similar to buying any other coin in the market, but the best way to buy is to use the telegram bot like PumPill (@trojan_on_solana), Everything depends on how quickly you act; you need to be fast, because transactions are very slow on Pump.fun.
Sell At Any Time
You can sell a coin whenever you want to secure any gains or cut your losses. This gives you flexibility to respond to changes in the market.
Set the ‘slippage’ to at least 20–30% to finish the transaction.
I recommend using a PumPill (@trojan_on_solana) to make sure your transactions are successful 100% of the time.
Once the bonding curve hits a market value of $69,000, $12,000 will be added to Raydium and then removed permanently.
When a coin gets to Raydium, it’s a good thing because now it can be traded by anyone who has the contract address. You don’t have to use Pump.fun to buy or sell tokens anymore
Tips to Choose Good Coins
Buying coins on Pump.fun can be risky, similar to playing slot machines at a casino. In my experience, most of the coins I’ve purchased have ended up being worthless. Here are the key things to look for:
- No one person should own more than 10% of the total coin supply.
- The coin should have a Twitter account, a website, and a Telegram group linked.
- The developer should be active on Twitter.
- Remember to use a PumPill (trojan_on_solana) to increase your chances of success in trading.
