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.
Deployer Funder
The deployer funder is the wallet that sent the SOL that initially funded a deployer wallet — the wallet before the deployer, one hop back in the funding graph. In practice most funder positions turn out to be legitimate high-volume infrastructure (exchange withdrawals, bridges, launchpads, on-ramp services), which is why Soliscope tested funder-chain heuristics with de-confounded measurement and dropped them: the signal never showed predictive power. It was retired from scoring in July 2026, and in August 2026 removed from the site and the API entirely — no funder measurement ever cleared our bar for a production-data result, so we publish no figure for it at all. See the /methodology page for the audit.
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.
Proven-Winner Wallet (formerly "Smart Money")
A proven-winner wallet is an address that has consistently appeared as an early buyer in tokens that went on to graduate to Raydium. Soliscope calls these "proven winners" rather than the industry term "smart money" because the qualifying criteria is a measured on-chain track record — not a label. A wallet qualifies when it appears as an early buyer in five or more resolved launches, at least one graduated, and its rug rate is below 30%. When a proven-winner 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 Soliscope's per-wallet launch record: every pump.fun token created by one deployer address, with its rug and graduation counts. A cluster with 10 launches and 8 rugs means that wallet rugged 80% of its resolved launches. Note the limit — this tracks a single address, not a person across several addresses. Linking a creator's alternate wallets is genuinely hard, and the obvious shortcut (grouping wallets that share a funder) does not work: the funder position is dominated by exchanges, bridges and launchpads that fund thousands of unrelated people. We measured that and rejected it. So a creator who rotates to a fresh wallet starts clean here. We would rather state that limit than imply coverage we do not have.
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 belonging to the token's own team — typically funded alongside the deployer or buying in coordination with it. In principle their presence among early holders is bearish: supply the team will eventually sell, creating exit pressure on retail buyers. Soliscope defines the term but does not currently detect it. The classifier that would label wallets as team sock-puppets was never built, and the flag has never fired on a single tracked launch. It is listed here because the term comes up in launch-risk discussion, not because we score it — and if we do build the detector, it clears de-confounded production validation before it touches a verdict, the same bar every other signal has to pass.