Pump.fun Glossary
Plain-English definitions of every term you need to read Soliscope signals and analyse new Solana token launches.
Jito Bundle
A Jito bundle is a group of Solana transactions submitted together in the same block slot by a block-engine validator tip. On pump.fun, coordinated buyers use bundles to snipe a new token in the same transaction as the deployer — guaranteeing they get in before any organic buyer. A bundled launch means the early supply is concentrated in wallets that planned ahead, which often signals an intent to dump on retail.
Holder Concentration
Holder concentration measures what percentage of a token's total supply is held by the top 10 wallets. High concentration (above 20–50%) means a small group controls enough supply to dump the price at will. Tokens with concentration above 50% in the top 10 wallets are considered extreme risk — a single coordinated exit crashes the price before most buyers can react. Concentration naturally drops as more buyers enter, so high concentration early in a token's life is more dangerous than the same number after hours of trading.
Rug Factory Funder
A rug factory funder is a wallet that sends SOL to many deployer wallets, each of which then creates tokens that rug. The funder is the orchestrator — using multiple fresh deployer wallets to avoid a single address accumulating a high rug rate. Soliscope traces the funding chain: even if the immediate deployer has no rug history, a funder with 10+ rug deployments is a hard exit signal.
Bonding Curve
Pump.fun's bonding curve is an automated market maker that sets the token price based on how much SOL has been deposited into the curve pool. The price rises continuously as more SOL enters. Once the curve reaches 100% (approximately 85 SOL raised), the token graduates to Raydium with real liquidity. Tokens that never reach graduation either get rugged, abandoned, or remain active on the curve indefinitely.
Graduation
Graduation is the moment a pump.fun token's bonding curve reaches 100% — roughly 85 SOL raised — and the token is automatically listed on Raydium with real liquidity. Graduation is the goal for legitimate projects and for early buyers hoping for a liquidity exit. Only about 1–2% of pump.fun launches ever graduate. A rising bonding curve progress percentage is the clearest signal a token is gaining real traction.
Smart Money Wallet
A smart money wallet is an address that has consistently appeared as an early buyer in tokens that went on to graduate to Raydium. Soliscope identifies them through behavioral discovery: wallets seen early in five or more resolved launches, with at least one graduation win and a rug rate below 30%. When a smart money wallet appears early in a new token, it raises the prior probability that the token has real potential — though it is not a guarantee, as even skilled traders pick losers.
Deployer Cluster
A deployer cluster is the set of wallet addresses linked to the same creator — including the deployer wallet, known alternate wallets from the same funder, and associated project wallets. Soliscope groups them to show a combined launch history and rug count. A cluster with 10 launches and 8 rugs means the creator has rugged 80% of their past projects, regardless of which specific wallet they used each time.
Bundle Detection
Bundle detection is the process of identifying whether a token's earliest buyers all entered in the same Solana block slot — the signature of a coordinated Jito bundle snipe. Soliscope checks the block slot of each early buy transaction. When multiple wallets buy in the same slot as the token creation, it flags the launch as bundled and reports the sniper count. This doesn't mean instant rug, but it does mean the deployer and allies control more supply than organic early buyers do.
Sniper Bot
A sniper bot is an automated program that monitors the Solana mempool or Jito block engine for new pump.fun token launches and submits a buy transaction in the same block or within milliseconds of launch. Snipers are often operated by the deployer team or allied wallets, letting them accumulate cheap early supply before any organic buyer can react. A high sniper count at launch reduces the supply available to organic buyers and creates concentrated exit pressure.
Early Buyer Multiplier
The early buyer multiplier is how much a token's price has risen from launch to the current moment, expressed as a multiple. An early buyer multiplier of 3× means the price has tripled since the first buy. On a bonding curve, price rises as more SOL enters — so the multiplier is a direct measure of how much profit early snipers are sitting on and, therefore, how much sell pressure exists if they choose to exit.
Insider Wallet
An insider wallet is an address flagged by Soliscope as having a known relationship to a project, exchange, fund, or other entity — not necessarily bearish. A bullish insider is a respected fund or market maker that tends to pick winners. A bearish insider is a wallet associated with past rugs or with the deployer's own team buying under a different address. Soliscope distinguishes between these by entity category and behavioral history.
Project Wallet
A project wallet is an address that appears to belong to the token's own team — identified because it is funded by the same funder as the deployer, or because it shows coordinated buy patterns with the deployer address. Project wallets in the early holder list are a bearish signal: the team is accumulating supply that will eventually need to be sold, creating exit pressure on retail buyers. This is different from a transparent team allocation in a well-structured project.