The pump pays you, even if you never sell.
Every new all-time high sends part of the trading fee to the holders already in, and once acquired it can never go down.
Three steps, one direction.
Someone buys above the high
A buy that pushes tokens sold past their all-time high opens new ground. Nothing else counts: no price, no clock.
Part of the fee goes to who was already there
That buy's fee on the new ground is split, and part of it is credited to every holder already in, per token held.
Acquired forever
The credit per token is a counter that only steps up. Selling later does not take it back, and claiming it has no fee.
Chart vs ratchet
Left, the price: it goes up and down. Right, the credit per token over the same trades, at the same size: it only steps up. Click a step to see the trade behind it.
The instrument replays a real launch once one has traded.
Newest launches
The ratchet cannot go down. The token can go to zero. Both are true at the same time.
The later you enter, the more you feed other people's ratchet before filling your own. Read the measured transfer curve.
TOPPD makes a share of the fee acquired by holders. It does not make the token good.
Replayed on real launches
By entry position on each token (first buyers on the left, last on the right): the median SOL wallets received from the ratchet, and the median SOL their buys put into it, at 3000 bps.
Not yet measured. Will show the measured transfer curve from research/G7.md.
as of 2026-10-09What the simulator measured when replaying real pump.fun launches through the ratchet at 3000 bps. Every figure carries its date and its file.
Not yet measured. Will show the measured numbers from research/G2.md.
as of 2026-10-09Questions
Is there an oracle or a clock?
No. The high is the largest number of tokens ever sold on the curve, an integer the program keeps itself. Wash trading cannot move it.
Who can change the program?
Only its update authority, and this site shows which of the two options is in force: revoked after audit, or a 72 h timelock with an on-chain event for every proposal.
Can anyone pause my claim?
No. There is no pause. Buys, sells and claims cannot be stopped by anyone, and claims have no fee.
What happens at graduation?
The ratchet runs during the curve. After graduation it stops, and what you acquired stays yours.
Does entering late pay off?
Read the measured transfer curve: by entry position, it shows what wallets put into the ratchet and what they received from it.
Where do the numbers on this site come from?
Everything on this site is read from Solana: the launches, the trades, the holders, the ratchet. The measurement sections say which dated file they come from.