Token glossary

Plain-English definitions of the terms that matter when you check a newly launched Pump.fun token on Solana - from rug pulls and liquidity to the bonding curve and graduation. Each term explains why it affects a token's PumpScore.

Rug pull

A rug pull is when a token's creators suddenly remove its liquidity or dump their holdings, collapsing the price and leaving other holders unable to sell at any meaningful value.

Liquidity

Liquidity is the pool of funds available to buy and sell a token. Deeper liquidity means you can trade larger amounts without moving the price much.

Market cap

Market cap is a token's price multiplied by its circulating supply - a rough measure of its total market value.

Bonding curve

The Pump.fun bonding curve is an automatic pricing formula: as people buy a new token the price rises along a fixed curve, and as they sell it falls - no order book or manual market maker is needed.

Graduation

Graduation is when a Pump.fun token completes its bonding curve and moves to a full decentralized exchange pool (PumpSwap, or historically Raydium), where it trades with standard liquidity.

Honeypot

A honeypot is a token you can buy but cannot sell, usually because the contract is coded to block or heavily tax sells - trapping your funds.

Mint and freeze authority

Mint authority is the on-chain permission to create more of a token; freeze authority is the permission to freeze holders' balances. If these stay active, the owner can dilute or lock holders.

Burned and locked liquidity

Burning or locking liquidity means the LP tokens that control a pool are sent to a dead address (burned) or time-locked, so the creators cannot pull the liquidity.

Trading volume

Trading volume is the total value of a token traded over a period (commonly 24 hours). It shows how much real activity and interest a token has.

Slippage

Slippage is the difference between the price you expect and the price you actually get, caused by your own trade moving the market - it is worse when liquidity is thin.

Memecoin

A memecoin is a token whose value comes mainly from community, attention and culture rather than an underlying product or cash flow.

PumpScore

The PumpScore is a 0-100 trust and market-health rating (graded A-F) that PumpScore.net assigns to each newly launched Pump.fun token from live on-chain signals.