IS PUMP DONE?

There's been a lot of talk about whether pump.fun is done. I'm not here to give an answer. I'm asking the question from inside pump.fun, with a coin, and letting the coin answer.

Some people might show up, some might not. Either way it gets written down here.

My first two tokens ran on a launcher I built. Immutable program, liquidity locked for 12 months, zero team tokens, source on GitHub. Two launches, few outside buyers.

The launcher wasn't the problem. The ask was. "Connect your wallet to a site you found on Twitter and sign for a program you've never seen" is exactly what a drainer looks like. I wouldn't do it either. Open source doesn't fix that if nobody reads the code, that's fair.

So this launch uses the program people already use. It's a test. Will no dev buy in slot 1 matter? We'll see.

pump.fun can upgrade its program. Mine can't be upgraded by anyone. My launcher's code is open source so you can audit the contract yourself. pump.fun can change its program whenever it decides to, so there's that.

The create transaction does one thing: it creates the coin. No buy. The creator wallet has bought nothing since. Check its history whenever you like.

I'm paid by the creator fee pump.fun takes on trades: 0.30% of volume while the coin is on the bonding curve, less after it graduates (pump.fun's fee schedule, updated 2026-10-08). That's the whole revenue model.

Zero dev buy is the part I control. It doesn't stop snipers or bots buying in the first seconds. That's what the table below is for.