How to Trade Meme Coins on Pump Fun: Strategies to Avoid Scams

How to Trade Meme Coins on Pump Fun: Strategies to Avoid Scams
Coinmonks

Hey everyone, Pump Fun is an exciting place to trade meme coins, but let’s be real — there are way too many scams out there. Trading directly without protection can be a gamble, and it’s not always safe. In this guide, I’ll walk you through how to trade on Pump Fun step-by-step and share strategies to dodge the scammers, including how tools like Bullx Neo, GMGN, and AXIOM Trade can keep you safe. Let’s get started and trade smarter!

Pump Fun is a platform on the Solana blockchain where anyone can create and trade meme coins. Launched in January 2024, it’s become a hotspot for quick token launches, with millions created by early 2025. It uses a bonding curve system — prices rise as people buy and drop as they sell — making it fast-paced and unpredictable. While it’s a fun space to explore, the lack of strict rules means scams are everywhere, so you’ve got to be on guard.

Step 1: Set Up Your Wallet

First, grab a Solana wallet like Phantom or Solflare. Install it, secure your seed phrase, and load it with some SOL. Pump Fun is self-custodial, so your funds stay in your control — but that also means no one’s bailing you out if you mess up.

Step 2: Hit Up Pump Fun

Head to pump.fun and connect your wallet. You’ll see a dashboard with new and trending tokens. You can either trade what’s already there or create your own coin. It’s all about spotting opportunities early before the crowd jumps in.

Step 3: Create a Token (If You Want)

Fancy making your own meme coin? Click “Create a Coin,” add a name, symbol, and image, and pay about 0.02 SOL. Your token goes live instantly, ready for trading. If it hits a $60,000 market cap, it moves to Raydium — a bigger stage with more risks and rewards.

Step 4: Buy and Sell Tokens

To trade, pick a token, enter how much SOL you want to spend, and buy. Selling’s just as easy — swap your tokens back to SOL. The bonding curve keeps prices moving, so timing matters. Watch out for sudden dumps; they’re a scammer’s favorite trick.

Step 5: Move to Raydium

When a token’s market cap reaches $60,000, Pump Fun shifts it to Raydium automatically. This opens it up to more traders, but check if the liquidity’s locked — unlocked pools are a rug pull waiting to happen.

Pump Fun’s open setup is a double-edged sword. Rug pulls — where creators yank the liquidity and run — are super common. Fake tokens and pump-and-dump schemes pop up daily too. Trading straight on the platform without extra protection is risky business, and tons of users have lost SOL to shady projects. That’s why strategies and tools are your best friends here.

Bullx Neo: Your Trading Shield

Bullx Neo is a Solana-friendly DEX platform that makes trading Pump Fun tokens safer. It’s got real-time charts, limit orders, and Telegram integration. You can set buy/sell points and avoid getting caught in a scam’s wild swings. With over 250,000 memecoins traded, it’s a solid pick for staying in control.

Start Bullx : https://neo.bullx.io/p/easyconnect

Learn More: Bullx Neo Access code

Learn More: Bullx Neo Review

GMGN: Spot the Real Deal

GMGN tracks smart money and influencer moves on Solana, giving you the scoop on which tokens are legit. It scans thousands of channels to find trending coins and flag potential scams. Use it to see if a Pump Fun token’s got real backing or just hot air — scammers don’t usually fool the smart crowd.

Start GMGN Trading Bot: https://t.me/gmgnaibot?start=i_NkduWlgN

Learn More: GMGN Bot Review

Learn More: Best GMGN Settings

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AXIOM Trade: Scam-Proof Trading

AXIOM Trade is built for memecoin traders, with a non-custodial wallet and protection against sneaky attacks like frontrunning. It’s fast, secure, and even tosses you some SOL rewards for trading. Pair it with Pump Fun to keep your trades safe and smooth.

Start Axiom: https://axiom.trade/@tradenow

Learn More: Best Settings for Axiom Trading Bot + Top Alternatives

Learn More: Axiom Review

These tools aren’t just fancy add-ons — they’re your shield against Pump Fun’s scam jungle. Here’s how they save you:

  • Bullx Neo Stops Rug Pull Losses: Scammers love to pump a token then dump it fast. Bullx Neo’s limit orders let you set a sell price ahead of time, so you’re out before the crash hits. Its real-time charts also show you weird volume spikes — like when bots fake activity — helping you spot a scam before you buy.
  • GMGN Sniffs Out Fake Hype: Pump-and-dump schemes rely on buzz from fake wallets or newbies with no history. GMGN tracks who’s really buying — smart money or scammers with fresh wallets. If a token’s only got suspicious activity, GMGN flags it, keeping you from jumping into a trap.
  • AXIOM Trade Blocks Sneaky Tricks: Scammers use tactics like frontrunning (jumping ahead of your trade) or sandwich attacks (squeezing your buy/sell prices) to rip you off. AXIOM Trade’s MEV-resistant setup stops these moves cold, plus its non-custodial wallet means no one but you touches your SOL.

Together, these tools turn Pump Fun’s chaos into a calculated game. You’re not just guessing — you’re trading with data and defenses.

  • Verify Liquidity: Post-Raydium, use Token Tool or Unicrypt to check if liquidity’s locked. No lock? Steer clear.
  • Start Tiny: Test a token with a small buy (like 0.1 SOL) to see how it moves before going all in.
  • Watch the Buzz: Scams often spike on X with fake hype. My X analysis tool can help you spot the noise — ask me to check a post if you’re unsure.
  • Use Telegram Bots: Bullx Neo and AXIOM Trade work via Telegram, letting you trade fast from chats where Pump Fun tokens heat up.

Trading straight on Pump Fun’s basic interface is like playing darts blindfolded. It’s slow, lacks deep stats, and leaves you exposed to scams. Bullx Neo, GMGN, and AXIOM Trade give you the edge with security, data, and speed. In 2024 alone, Pump Fun raked in millions in fees, but plenty of traders got burned — don’t be one of them.

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Pump Fun’s a wild ride for meme coin fans, but it’s not safe to trade direct without backup. Get your wallet ready, explore the platform, and use Bullx Neo, GMGN, and AXIOM Trade to outsmart the scammers. Trade small, check everything, and you might just catch the next big win. Happy trading, and stay sharp out there!

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