Risks

If you buy a paired coin

You are also long $TANDEM. If $TANDEM halves, your coin’s SOL value halves. Selling is two sells, your coin for $TANDEM and $TANDEM for SOL, and you pay the price impact of both.

If you hold $TANDEM

Paired coins lock $TANDEM while people hold them and release it when they sell. A big paired coin unwinding is a big $TANDEM sell. The hourly liquidity is only as big as the fees; a quiet hour pays little or nothing.

If you launch

The ranking is public arithmetic and cannot be argued with. Tokens bought by a round on the curve are burned. LP tokens from a pool deposit are burned. Nothing comes back out.

The fee wallet

The fee wallet is a hot wallet. It has to be, to sign every hour with nobody present. It holds about an hour of fees and is emptied every round.

The platform

This is pump.fun’s mechanic. Coin pairing shipped on 7 October 2026. Pump.fun can change it.

A rule change is dated on these pages and applies from the next round, never the current one.

Nothing here is advice.