How Pump.fun Actually Works: Bonding Curves Explained ( Beginner Friendly)

$FTR. A coin that didn't exist two weeks ago went from $48K to $7.4M in a day, then lost 97%. How Pump.fun launches coins, how the bonding curve sets the price, why market cap isn't real money, and what "graduating" actually means. Every number in this video comes from Pump.fun's own on-chain settings or real trading data. ⏱ Chapters 0:00 $FTR: from nothing to $7.4M and back 0:26 How a coin gets launched 0:42 The bonding curve 1:23 Market cap vs. real money 2:12 Graduation to PumpSwap 2:50 The whole machine 📊 Key numbers (standard SOL-paired coin) • 1,000,000,000 tokens per coin, 793.1M sold on the bonding curve • The curve completes after ≈85 SOL of buying • Market cap: ≈$2.9K at launch → ≈$42K at graduation (at SOL ≈ $103) • Real money in at graduation: ≈$8.7K • $FTR: ≈$48.6K at graduation (Oct 15) → ≈$7.4M peak (Oct 16) → ≈$240K (Oct 28) 🔎 Sources • Pump.fun on-chain settings (Solana mainnet, Pump program global account) • Pump.fun public docs: github.com/pump-fun/pump-public-docs • $FTR price data: GeckoTerminal (PumpSwap pool) • SOL price: Binance, Oct 28 ⚠️ For education only. Not financial advice. Most memecoins lose most of their value. Never trade money you can't afford to lose. Not affiliated with Pump.fun or Solana. Logos are trademarks of their owners, used to identify the platforms. #pumpfun #solana #memecoins #crypto #bondingcurve