Listing rules

A market is one coin's main pump.fun pool, tied to one house vault.

#Who qualifies

A coin can be listed when it:

• held a $100,000+ market cap for 4 hours straight;
• trades on its main pump.fun pool, the one it got when it graduated from pump.fun;
• has its mint and freeze authority renounced;
• has at least 30 SOL of depth on the SOL side of the pool;
• passes quality checks against bundled supply, wash trading and copycats.

Votes rank which qualifying coin is listed next. The rules decide whether it can be listed at all. See Listing votes.

Note The program cannot read a market cap or spot a bundle. Those checks run off-chain. The program checks the pool and the mint itself, below, and refuses any listing that fails.

#What the program checks

The pool's addresses are stored at listing and checked again on every price read. A swapped pool fails.

#When trading opens

Opens unlock 4 h after listing. The market records prices from the start, so the average price has history before the first trade.

#Close-only markets

A market stops taking new opens, while closes and liquidations carry on, when:

• its depth falls under 30 SOL;
• its pool fee drops too low;
• the team sets it close-only, or pauses its vault or the whole app.

A market that gets its depth back takes opens again on its own.

#HYPE-quoted pools

A pool quoted in HYPE trades on the HYPE vault, never the SOL vault. Margin, PnL, fees and payouts are all in HYPE. See Risks for the bridge risk.

#The $LEVER pool

The $LEVER pool is listed for its price only, so buybacks can be checked against it. No one can trade it.

#Listing tiers

Every market today is core. The degen tier is planned: it needs program changes, and its losses will not be able to touch the core limits. See Roadmap.